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Managing Account Types

All RiskMinder users are identified in the system by a unique user name. RiskMinder now supports the concept of an account or account ID, which is an alternate ID to identify the user in addition to the user name. A user can have none or one or more accounts or account IDs.

An account type is an attribute that qualifies the account ID and provides additional context about the usage of the account ID. To assign multiple accounts to a user, you must first create an account type, and then create an account for each account type.

For example, consider a financial institution that identifies the customers by their unique customer identifier. If the customer enhances their portfolio with a fixed deposit, then the financial institution can create an account type called FIXED_DEPOSIT and create an account in this account type with the fixed deposit number, for example 000203876544.

Now the customer can log in either with their unique customer identifier or the account type and account ID (FIXED_DEPOSIT and 000203876544) combination.

You can configure the account type to be available to specific organizations only or to all organizations, including those that will be created in the future. At the organization level, each organization can choose to support a set of account types.

This section covers the following operations related to account type: