Flow in use

Redefining traditonal account opening flow

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the Challenge

Hunting alternatives for conventional banking practices

Banking systems still follow the traditional practices that add complexity to their usage. Right from getting an account opened to query resolving, a customer must diligently follow to get a result. Given the fast-paced world of today, this often becomes a tiring process for the customer. It leads to frustration over the banking services and a quest for new-age banking.

the solution

Introducing the age of neo-banking

Neo-Banking players offer a personalized and customized banking solution for each of its customers. They present a new approach to banking with a redesigned savings account, expenses tracker, and many other automated functionalities.

end point overview

The advent of Neo-Banking accounts

Here's how Neobanks eased the process of opening bank accounts using YAP Banking APIs

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API Request

Run
                            
                                {
									"entityId": "P12345678",
									"entityType": "CUSTOMER",
									"businessType": "NEODEMO",
									"businessId": "P4726132",
									"kitNo": "111100005",
									"title": "MR",
									"firstName": "KRISHNAN",
									"lastName": "ANANTHARAMAN",
									"gender": "M",
									"specialDate": "1975-03-15",
									"contactNo": "+91999999999",
									"emailAddress": "ANANTHARAMAN1975@GMAIL.COM",
									"address": "O NO 23, NO11",
									"address2": "TILAK STREET T NAGAR",
									"city": "CHENNAI",
									"state": "TAMIL NADU",
									"country": "INDIA",
									"pincode": "600017",
									"idType": "PAN",
									"idNumber": "AABCM6914F_1975-03-15",
									"dependent": false,
									"kycRefNo": "P4726132",
									"kycStatus": "FULL_KYC",
									"channelName": "MULTI_CURRENCY_NO_WAIVER",
									"addressDto": {
									"address": [
									{
									"title": "RESIDENTIAL_PRIMARY",
									"address1": "O NO 23, NO11",
									"address2": "TILAK STREET T NAGAR",
									"city": "CHENNAI",
									"state": "TAMIL NADU",
									"country": "INDIA",
									"pinCode": "600017"
									},
									{
									"title": "OFFICE",
									"address1": "O NO 23, NO11",
									"address2": "TILAK STREET T NAGAR",
									"city": "CHENNAI",
									"state": "TAMIL NADU",
									"country": "INDIA",
									"pinCode": "600017"
									}
									],
									"contactNo1": "+91999999999",
									"contactNo2": "+91999999997",
									"emailAddress1": "ANANTHARAMAN1975@GMAIL.COM",
									"emailAddress2": null,
									"atm": "ALLOWED",
									"POS": "ALLOWED"
									},
									"forexAddField": {
									"travelType": "NEW",
									"pot": "BUSINESS-S0301",
									"passportIssuedAt": "CHENNAI",
									"passportIssueDate": "2016-10-31",
									"passportExpiryDate": "2026-10-30",
									"fatherName": "KRISHNAN",
									"motherMaidenName": "SITHALAKSHMI",
									"cityOfBirth": "INDIA",
									"countryOfBirth": "INDIA",
									"countryOfTravel": "UNITED STATES",
									"applicationDate": null,
									"tripStartDate": "2019-08-06",
									"tripEndDate": "2020-08-21",
									"passportType": "INDIAN",
									"customerCategory": "CORPORATE|M2P SOLUTIONS PVT LTD",
									"panBelongs": "CORPORATE",
									"nationality": "INDIA",
									"nomineeName": "true|VIJAY S|1994-02-26",
									"taxINumber": "VIJU7897JK|",
									"countryOfTaxResidence": "INDIA, UNITED STATES|Tax Residence Address Type|Tax Resident Address",
									"identificationType": "PASSPORT|A78945566"
									}
								}
                                
                            
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