High School

We appreciate your visit to Who is authorized to sign the CIB Form A The CIB Form can be self authorized by the user whose details are to be modified. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

Who is authorized to sign the CIB Form?

A) The CIB Form can be self-authorized by the user whose details are to be modified/created.

B) The CIB Form should be signed by any employee.

C) The CIB Form should be signed by an authorized signatory as per Finacle MOP and should not be self-authorized by the user whose details are to be modified/created.

D) There is no specific requirement for signing the CIB Form.

Answer :

The correct answer to the question is option C: The CIB Form should be signed by an authorized signatory as per Finacle MOP and should not be self-authorized by the user whose details are to be modified/created.

Here's why:

  1. Purpose of CIB Form: A CIB Form, which likely stands for Customer Information Base form, is used in a banking context to either modify or create customer details within a bank's database application, such as Finacle.

  2. Authorized Signatory: In banking and financial contexts, an authorized signatory refers to a person who has been given the legal authority to sign documents and approve actions on behalf of an organization. For forms like the CIB, this typically means someone with the necessary permissions and knowledge to verify the accuracy and legitimacy of the changes.

  3. Importance of Regulations and Protocols: The restrictions on who can sign such forms help maintain security and integrity in handling sensitive customer information, thereby preventing unauthorized access or changes. Following these protocols ensures that any modifications to customer data are legitimate and verified.

Therefore, it is crucial for the CIB Form to be signed by an authorized signatory, rather than being self-authorized by the user who is the subject of the modification, to uphold data security and compliance with standard operating procedures.

Thanks for taking the time to read Who is authorized to sign the CIB Form A The CIB Form can be self authorized by the user whose details are to be modified. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

Rewritten by : Barada