Create Account Holder

An account holder refers to a real/legal customer to Fusion. Drawing from the real world analogy, an account holder can be an actual person who holds an account at a bank or can be a legal entity like a corporate entity, or merchant. This article lays down the steps fintech shall follow to create an account holder with fusion. Before you begin, it is advised that you familiarize yourself with key Account Holder concepts explained in About Account Holders.

Account Holder Profile Ownership

The Account Holder on-boarded on Fusion has a banking relationship with the Issuer (IFI) that the fintech has partnered with. Therefore, the Issuer determines which details of the Account Holder are accessible by the fintech.

Pre-requisite Information for Account Holder

When an Account Holder is on-boarded on Fusion, typically the below details are required–

• Personal information, like Full Name, contact information
• Officially Valid Document (OVD)

If you need to collect additional information, Fusion provides custom attributes for this purpose. For example, you can store an Account Holder’s additional mobile number or Unique Customer Identification Code (UCIC) against the application.