ORMB Shows the Way Forward

Industry Trend

ORMB Advantage

Support multi-country operations

The business of money transfer mandates operations across the globe, presenting unique challenges such as the need to:

• Support multiple currencies and different exchange rate sources
• Support diverse money transfer mechanisms - retail, digital, mobile, phone, etc.
• Comply with local generally accepted accounting principles (GAAP)
• Comply with diverse escheatment, consumer liability and ad hoc requests for money transfer regulators

ORMB is based on proven and scalable architecture that:

·   Allows companies to support global operations and different geographical nuances using a single worldwide instance within a single application

Source: Oracle Corporation http://www.oracle.com/us/industries/financial-services/revenue-management-billing-ds-045404.pdf

Increased Digital Footprint

As emerging digital money transfer providers access better business opportunities, brick-and-mortar stores want to expand their digital footprint and integrate it with their existing infrastructure. Typically, these stores derive 5-10% of revenues from digital channels. 'Going digital' presents a lucrative opportunity for such stores to expand their reach in newer markets.

ORMB allows companies to support diverse money transfer mechanisms within a single instance and provides the flexibility to set up different business rules for different business areas.

Accurately identify and compensate all the parties in a money transfer transaction

To ensure a successful money transfer transaction, several parties may be involved such as send/pay agents, merchants acquirers, payment processors, marketing companies, etc.

ORMB allows money transfer companies to model complex hierarchical agent relationships and associate unique commission models and commission calculation frequencies, thereby ensuring effective and accurate compensation for all parties in any money transfer transaction.

Support diverse range of products

Money transfer companies must offer a diverse range of products based on transfer mechanisms, geographies and promotions along with swift time-to-market.

ORMB allows agile and faster deployment of new products, product groups and bundles through configurable rules.

Support agent-specific commission models

Money transfer companies must support a wide range of commission models to accommodate agent-specific commission models.

ORMB provides the capability to support all commission models and promotional commissioning. It also supports commission calculation, summarization, invoicing, and funding at all levels of the agent hierarchy.