Page 95 - ITU-T Focus Group Digital Financial Services – Technology, innovation and competition

ITU-T Focus Group Digital Financial Services
Technology, Innovation and Competition

4 Accounts structure

The following section provides further insight on how the accounts structure could be created to support
complex relationships with a customer from the same DFS platform. The following are representative, and
non-exhaustive, so a variety of different approaches may exist.

4.1 Any customer account could be hierarchically dependent on any other account.

Account hierarchy: Accounts that are different (with different User IDs), but are nested.

One account that could have one (or none) superior account.
One account that could have an unlimited number of subordinate accounts valid for any type of accounts
(end users and companies).

Useful for hierarchical managing & reporting operations.

Figure 3: Possible account logic 1

4.2 Each customer account must have (at least) one stored value account (SVA)

The first SVA will be automatically generated within the account sign-up process. Additional SVAs could be
associated with the same customer account later on. For KYC purposes, a SVA must not be associated with
more than one customer account (user ID), however, the customer may provide access for other parties to
use the account, i.e. family members or employees.

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