Starting a topic of Platform functionality, we should mention a few important concepts. Below you can find a detailed description of each Functionality feature.
The main Functionality features are:
|Concept of an individual||Someone who has an account in the system and benefits from P2P money transfer, money exchange, paying to merchants, etc.|
|Concept of merchant||Merchant is someone who accepts payments from individuals for goods and services.|
|Full control over the system through set of back-offices||A set of actors that help you keep all under control and organize a service to Individuals & Merchants.
Actors: CFO, Compliance, Anti-fraud, Exchange, Cashier, Accountant, Support.
|Anti-fraud + Compliance control||Use scoring systems integration and customizable rules to minimize your risks during onboarding & operations.|
|Multi-currency account||Ability to add dozens of currencies into the system & provide multi-currency service.|
|Payment & money transfer operations||Full scope of payment add-on services including money transfer, payment, chargeback, invoicing, etc.|
|Fees & Limits||Ability to set commissions and fees (fix or % or a mix of them) for each type of transaction.|
|Reporting||Full set of data including system logs. Get customized reports and watch “live” stats with User Dashboard.|
|Multilingual & support||Increase customer satisfaction with user’s native language interface.|
What are the main groups of SDK Finance Functionality?
The SDK.finance functionality can be divided into two main groups: general functionality and payment functionality. Each group is responsible for specific processes.
General functionality — covers basic business processes which are common for different types of projects such as
- Password recovery
- Profile management
To the General functionality, we also refer the business processes to be executed by Service Actors, such as Administrator, CFO, Compliance Manager, etc. (check the detailed table below)
- Fees & Limits for all types of operations
- Contracts management
- Powerful reporting
- Aggregation type of payment gateway
- Multilingual system
Payment functionality — is a specific set of core payment processes, which you can combine to build a specific FinTech product.
Payment functionality includes:
- Full set of payment operations:
- Check balance
- Top-up & Withdrawal
- P2P money transfers
- Payment acceptance: includes Recurring payment & Subscription, Invoicing
- Dispute Resolution Services: Refund, Chargeback, Partial refund & chargeback
- Mass Payment
- Loyalty: Cashback, Bonuses, Points & Discounts
- Money exchange
- Issuing & redeeming of Prepaid cards & Gift cards
- Multi-currency accounts for Clients
One of the bedrock concepts of our FinTech solution is the concept of Actors, which enables the creation of new roles determining subordination and functionality. SDK.finance platform offers the Actors with preconfigured functionality, common for multiple FinTech projects.
The Concept of Actors
We can divide Actors into two main groups:
Business Actors — these are end users of the FinTech product, who bring the business value to the system and for whom you are essentially building your Product.
SDK.finance defines such business actors as:
- Mass-payout (wallet to wallet from the uploaded payout list),
- Exchange Agent (Set and edit exchange rates)
- Agent (Issuance and Sale of prepaid cards/vouchers, for instance, but depends on the client’s business model).
Below is the list of functionalities for Business Actors provided by SDK.finance:
|MASS PAYOUT||Functionality of Individual +
Service Actors — are the main roles who control and manage the system and interact with Business Actors. In SDK.finance, we’ve created such Actors* as:
- Compliance Manager
- Anti-fraud Manager
- Customer Support
*You can read descriptions and watch our demo
The Functionality of Service Actors:
|Actors (users) Management
|Currency rates management
|Anti-fraud functionality||Approve transactions: