Learn what's included in the velocity pack for Banking.

The velocity pack for Banking is the Reltio Context Intelligence Platform velocity pack customized for the Banking industry. Masters the parties, accounts, and products of retail and commercial banking as a single connected model: customers and the organizations they control, the accounts they hold and are authorized to act on, the households they belong to, the branches and bankers that serve them, and the applications that opened the accounts in the first place. Ownership and control are modeled separately, because they answer different questions and regularly disagree. A beneficial owner holds an economic stake; a controlling party directs the company, which can be true with no shareholding at all through board seats, contractual arrangements, trusts, proxies, or veto rights. Keeping them apart is what lets a know-your-customer review reach a natural person at the end of an ownership chain and record how it got there. Account holding, signing authority, beneficial ownership, and control are relationships that carry their own attributes. An account holder has a capacity and a share of the account; an authorized signer has limits and a mandate; an owner has a stake; a controlling party has a mechanism. Each sits on the link between two mastered records, so it stays with the person or company when duplicates are merged. This velocity pack gives you a jump start with a preconfigured data model and an intuitive user experience for managing your data. Check out what's included in the box.