RAID Business Control - Mobile Money Solution
Preventing Mobile Money Frauds, while protecting your revenues.

The momentum of Mobile Money has raised the efforts of Mobile Network Operators (MNOs), and other institutions, to provide their customers effective and easy to use payment instruments. In some cases providing end-to-end services, through the development of a vast chain of agents to deliver payment services to subscribers. Services such as cash-in, cash-out, national transfers and international remittances, payment of services, among others.

Already some success cases reveal that Mobile Money has the potential to become an important new source of revenues and customer loyalty factor for MNOs. Yet, the revenue assurance and fraud risks involved in this business operation should not be overlooked and MNOs should equipped themselves with the right processes, people and tools to take the most of this exciting new service while assuring it as a
source of profit.

RAID Mobile Money Solution was developed to help CSPs addressing the challenges of revenue leakage, credit balance incongruity at the accounts level, and look for overpayments, detect lost transactions, as well as to detect potential internal and external fraud activities.

To help MNOs to thrive in the Mobile Money arena WeDo Technologies made available a complete portfolio of consultancy services and proven software. These comprise:

• Mobile Money Risks Assessment services

• Mobile Money Funds and Revenues Assurance solution
  
  • Agents network monitoring and control
  • Agents accounts reconciliation
  • Electronic Funds transfer monitoring and control
  • Subscribers wallet monitoring, control and reconciliation
  • Clearing and Settlement reconciliation
  • Fees paid and received monitoring, control and reconciliation
  • Third parties funds transfer monitoring, control and reconciliation
  • Other relevant business processes such as: registration, provisioning, etc

• Mobile Money Fraud Management solution
  • Transactions pattern control
  • Profile changes control and alarms
  • Event location alarms
  • Transaction volume alarms
  • Transaction value alarms
  • Transaction origin and destination alarms
  • Compromised point and customers hotlists
  • Cash forwarding alarms
  • Other relevant validations

• Mobile Money KYC (Know Your Customer) solution
  • Statistics and Key Performance Indicators about Mobile Money business
  • Aggregated information about subscribers and agents
  • Detailed information about your subscribers’ transactions
  • Detailed information about your agents’ transactions
  • Statistics and detailed information about commissions, service fees and taxes related to Mobile Money services

WeDo Technologies proven products together with the reputed consultancy services by Praesidium – WeDo Technologies Consultancy Division – bring a unique support to any MNO looking to implement or improve Mobile Money business risk management activities.

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