- Main operating account
- Salary/income account
- Primary savings account
- Default transaction account
The Client Management module is the foundation of Woodcore’s banking system, handling all aspects of customer information, relationship management, and account associations. It provides a flexible framework for managing diverse customer types and their various banking relationships.
Customer Overview
Customer Overview
A single customer can be associated with multiple accounts of different types, creating a comprehensive banking relationship.
Customer Types
Customer Types
Individual Customers
Individual Customers
Individual customers are natural persons who can hold personal accounts and access retail banking services.
- Personal identification details
- Contact information
- Employment details
- Income information
- Risk profile
- Banking preferences
Corporate Customers
Corporate Customers
Corporate customers are legal entities such as companies, partnerships, and organizations.
- Business registration details
- Corporate structure
- Authorized signatories
- Business classification
- Financial statements
- Compliance documents
Group/Joint Customers
Group/Joint Customers
Group customers represent multiple individuals sharing accounts or services.
- Group structure
- Member details
- Relationship types
- Authorization levels
- Group policies
Trust Customers
Trust Customers
Trust customers represent legal arrangements where assets are held for beneficiaries.
- Trust deed details
- Trustee information
- Beneficiary details
- Trust type
- Asset management rules
Account Relationships
Account Relationships
Primary Accounts
Primary Accounts
Secondary Accounts
Secondary Accounts
- Additional savings accounts
- Investment accounts
- Special purpose accounts
- Foreign currency accounts
Joint Accounts
Joint Accounts
- Shared ownership accounts
- Multiple signatory accounts
- Family accounts
- Business partnership accounts
Beneficiary Accounts
Beneficiary Accounts
- Trust beneficiary accounts
- Estate accounts
- Minor accounts
- Power of attorney accounts
Customer Management
Customer Management
Registration Process
Registration Process
All customer registrations must comply with KYC and AML regulations.
Profile Management
Profile Management
- Update personal information
- Modify contact details
- Change preferences
- Update documentation
- Manage relationships
Account Management
Account Management
- Open new accounts
- Close accounts
- Modify account details
- Update account status
- Manage account relationships
Security & Compliance
Security & Compliance
Data Protection
Data Protection
- Encryption of sensitive data
- Access control mechanisms
- Data retention policies
- Privacy controls
Compliance Requirements
Compliance Requirements
- KYC verification
- AML monitoring
- Regulatory reporting
- Audit trails
Risk Management
Risk Management
- Customer risk scoring
- Transaction monitoring
- Fraud detection
- Compliance alerts
Integration Points
Integration Points
Internal Systems
Internal Systems
- Account management
- Transaction processing
- Loan management
- Deposit management
External Systems
External Systems
- KYC providers
- Credit bureaus
- Payment gateways
- Regulatory systems