There are numerous challenges associated with the smooth operation of financial enterprises in the Fintech space. The industry faces uncountable challenges from huge operations expenses to complicated processes, data confidentiality, and identity theft. Managing the infrastructural footprint could help the banks, and financial institutions to save up the capital for a focused approach on the operational aspects. Panamax, a global leader in developing Fintech and telecommunication technologies for financial and telecom entities for the past 30+ years, solves these dynamic challenges with customized innovations.
Panamax’s flagship digital financial platform, MobiFin Elite is a white-labeled digital financial platform that enables banks, telecom operators, and financial service providers to off era convenient digital wallet, payments, and banking services to their consumers, swiftly catering to their evolving financial needs, while creating value for the financial business. MobiFin powers over 45digital wallets, payments, and banking deployments in over 25 countries.
The platform is based on256-bits Elliptic Curve Cryptography (ECC), one of the most advanced cryptographies for data and transaction security with strong PSD2 authentication, AML, and blacklist checks, anomalous transaction alerts, and velocity checks. The low-code no-code platform’s intuitive user interface (UI)allows to create software service building blocks that are based on expressions, and reflections framework providing configurability and flexibility to the digital financial services. MobiFin reduces the infrastructural footprint of the banks while the cloud-enabled multitenant system with customized configuration reduces the operating expenditure for financial service providers. “Our solutions and services are specifically designed to ensure a seamless integration with the existing ecosystems of our potential clients,” explains Bankim Brahmbhatt, President and CEO, Panamax.
Over the years data has earned its right to be of the highest importance. Especially with customers entrusting banks with their financial data as well as personal data, it becomes even more crucial that each of our solutions is enamored with the best of security components capable of protecting sensitive data. The ECC-based secured authentication, also used by the US government, and its National Security Agency, helps prevent any occurrences of fraud as well as define, and configure authentication, and authorization policies for different access channels like mobile apps, web portals, SMS, USSD, and more. MobiFin Elite’s Software Service Building Blocks (SSBBs) based on true microservice architecture, ensuring configurability for implementing digital services without code changes. It allows the configuration of distribution hierarchy, thresholds, limits for fraud prevention, and rules for managing transfers between users. Furthermore, as a highly stable and scalable solution, MobiFin uses SSBBs (Software Service Building Blocks) blocks providing configurability, and flexibility to the core, facilitating digital services without almost no coding changes needed.
Panamax offers seamless revenue management to help telecom operators automate their business processes, and offer accurate billing, rating, and routing management in addition to the detection-prevention of frauds. Revenue management also helps enterprises avoid revenue leakages while reducing development and deployment costs.
BillCall, the company’s robust telecom billing management solution manages prepaid and postpaid roaming, voice and SMS interconnect services, rate and policy management, deal and dispute management, and order management among other features.
An instance that portrays the company’s value proposition is when the team assisted a West African mobile wallet service provider to help expand its business and provide convenient digital financial solutions to its end customers. The team had a short deadline for migrating the data from the existing platform to MobiFin without affecting the user experience on the front end. Panamax addressed all the challenges faced during migration while sticking to tight deadlines. The team at Panamax’s R&D center collaborated with the on-premises team to avoid downtime, solve technical glitches, and seamlessly execute pieces of training, and UAT for the client.
As a global leader in developing Fintech, and telecommunication technologies, the future of Panamax’s focus is to bring in a digital transformation through a digital inclusive ecosystem resulting in financial inclusivity. Panamax is also adapting its services to suit customers’ needs with innovation and enhanced security, and precision in delivery. Geographically Panamax has started its vested interest to show in Europe, Latin America, South, and Central America as well as Europe. “We are open to forming key alliances to enter and establish roots in the mentioned markets,” concludes Brahmbhatt.
Company:
Panamax, Inc.
Management:
Bankim Brahmbhatt, President and CEO
Quote:
“Our solutions and services are specifically designed to ensure a seamless integration with the existing ecosystems of our potential clients”
