Page 7 - ITU-T Focus Group Digital Financial Services – Technology, innovation and competition
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4.12 Domestic remittance 72
4.13 International remittance/international money transfer (IMT) 73
5 System function 73
5.1 Security and reliability 73
5.2 Identity management 73
5.3 Account management 74
5.4 Risk management 74
5.5 Fraud management 74
5.6 Clearing and settlement 74
5.7 Best practice for system function 74
6 Reference architecture 75
7 Interaction with external third party partners 76
7.1 Open API 77
7.2 Adapter 77
7.3 SDK 77
8 Conclusion and recommendations 77
Annex 1: Glossary 79
Annex 2: Platform capabilities captured in reference architecture 80
Annex 3: Reference architecture 88
IV Technology evolution and innovation in Digital Financial Services (DFS) 91
Executive summary 92
1 Abbreviations and acronyms 93
2 Digital financial services (DFS) technology overview 95
3 Technologies used to remotely access DFS 96
3.1 Overview 96
3.2 Mobile network evolution 96
3.3 GSM voice channel 97
3.4 GSM signalling channel 97
3.5 Internet-based access to DFS 98
4 Mobile phone types used in DFS 98
4.1 Overview 98
4.2 Phone types 99
5 Mobile phone OSs 99
6 Stores of value and billing systems 100
7 Mobile phone UIs used in DFS 101
7.1 Overview 101
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