Entity Documents

Entity documents are used by banks for several purposes, such as:

  • Verifying that a business or organization exists
  • Ensuring that necessary documents have been properly filed by the entity
  • Determining which individuals have the authority to establish an account or apply for a commercial loan on behalf of the entity

eSign in Banking

eSign in banking involves the use of technology to collect and embed a customer’s digital signature into documents, such as forms that are needed to establish a deposit account or consummate a loan.

Exception

An exception in banking refers to any item that requires attention because it does not meet certain predefined requirements.

Exception Comments

Exception comments provide additional context for understanding the circumstances and activity that pertain to a bank’s exceptions. Exception comments can be collected in a variety of ways ranging from handwritten notes to spreadsheets and software.

Exception Management

Exception management is the process of monitoring missing documents or other important information.

Exception Report in Banks

An exception report lists the documents that are missing from an organization’s files.