What drives an organization to attain unmatched success are its grit and dedication to beat any adversity. Difficult instances such because the COVID-19 pandemic have put quite a few companies and entrepreneurs to the check.
Those that strove to scale their enterprise operations on this interval leveraged assets and alternatives and had been those proof against the ripples of the pandemic’s impression. We at Insights Success got here throughout an identical story in our endeavor to seek out such distinctive firms. The story of Panamax Inc and its journey as a frontrunner within the Fintech house.
Established within the yr 2001, Panamax is the know-how unit of Bankai Group that gives fintech and telecom know-how options and companies to banks, monetary establishments, governments, telecom operators, and enterprises.
Panamax allows customers to multiply their enterprise profitability by leveraging its essentially superior digital monetary platform based mostly on true microservice structure. By its telecom options, the corporate enhances the efficiency of heterogeneous community connections, boost-up the effectivity of carriers, and intensifies the capability of congested networks. Panamax is dedicated to offering long-term options to its prospects by providing a complete ecosystem comprising of an modern platform, functions, and companies.
With over twenty years of expertise within the trade, Panamax has enriched its technological experience with every passing part and completion of initiatives. As well as, the corporate has established a state-of-the-art IT infrastructure and introduced on board an knowledgeable and certified group of IT professionals to ship world-class options to its international clientele. Panamax has additionally received a number of awards and accolades for our merchandise, which outline the corporate because the market chief and differentiate it from the others within the area.
“Our trade expertise, detailed analysis, and customizability of options is what makes Panamax one in all a form,” says Bankim Brahmbhatt, the Group President and CEO.
Panamax’s flagship digital monetary answer MobiFin Elite boasts of an modern integration of Elliptic Curve Cryptography 256 bit into the platform that’s synonymous with probably the most superior safety ever recognized. The platform thereby helps nullify theft, fraud, and mismanagement, and makes for probably the most safe possibility. This licensed encryption technique can be utilized by the US authorities and Nationwide Safety Company.
MobiFin Elite additionally encompasses a true microservice structure to ship enhanced efficiency with extremely versatile deployment. This structure of the platform features a Kafka-based messaging bus that breaks down a service into a number of sub-execution models making it extra configurable. These state-of-the-art options make MobiFin Elite a number one participant within the fintech market.
On the helm of Panamax’s ceaseless ascend in the direction of zeniths of success is Bankim Brahmbhatt, the Group Chairman and CEO.
As a frontrunner, Bankim has been the guiding pressure behind the success of the corporate since its inception. With an expertise of greater than 27 years, unparalleled enterprise acumen, ingenious management, and foresightedness, he has enabled the Group to scale international footprints via main telecom and know-how firms of Bankai Division – Broadband Telecom Inc., BridgeVoice Inc., CallnRoam Inc., Panamax Inc., SMShopWorld and Carriox Capital.
Below his management, Bankai Group was acknowledged as Fee India’s First Non-public Group Phone Alternate in 1994. An early alternative identifier, Bankim has labored carefully with multi-functional groups to develop, launching new merchandise, and gaining management positions. He has been an innovator par excellence with main merchandise like BridgeVoice Pluto which have modified the course of on-line routing. For his visionary management fashion, Bankim was additionally acknowledged as one of many High 20 Innovators by Capability Journal within the yr 2018.
As excerpts from his journey as a seasoned trade skilled, Bankim shares precious insights for these aspiring to enterprise into the fintech area of interest saying, “Fintech is a giant trade as we speak populated by a number of gamers and now additionally witnessing collaborations on all ranges. Conventional banks are increasing additional with their companies and involving newest applied sciences like open banking, AI, ML, and conversational bots to higher talk with their prospects.”
“The banks already brag a big buyer base that makes it simpler for them to succeed in out to a bigger inhabitants. Fintech alternatively has the good thing about know-how and futuristic imaginative and prescient. All aspiring fintech entrepreneurs should perceive that the trade will solely develop into extra collaborative with each banks and fintech combining their strengths and bringing digital transformation in the way in which monetary companies are carried out and perceived. Whereas the budding fintech entrepreneurs should belief their abilities and information, they need to not see conventional banks as their opponents however slightly a medium to succeed in out to increasingly individuals,” he provides.
Panamax began its operations by providing telecom know-how options to MNOs and MVNOs primarily. Being part of the Bankai Group that dealt with service companies, it solely got here as an natural enterprise growth attributable to its current sturdy community of telecom prospects.
The early 2000s had been difficult instances for companies, significantly concerned in know-how, because the trade was nonetheless in its nascent phases with uncertainty looming attributable to strict regulatory necessities in numerous nations.
Over the subsequent few years, Panamax delved into digital monetary options with a ardour for offering monetary inclusion within the remotest elements of the world. Throughout this time, the corporate expanded its group exponentially to incorporate among the high veterans and collectively as a group made waves into numerous markets, additional strengthening its community of consumers, significantly within the growing nations.
“Right now, whereas the acceptance for fintech has improved, so has the competitors and the swiftly altering know-how has additional made it a troublesome market. Nonetheless, with our trade expertise and evolving options and companies we’re trusted by enterprises from a number of industries,” provides Bankim.
Speaking concerning the challenges that Panamax got here throughout in the course of the pandemic, Bankim says, “COVID-19 pandemic actually was one of many largest challenges we confronted as a corporation in current instances. It affected our workforce, and prospects alike, nonetheless, it additional strengthened the muse of our trade and introduced a pointy shift within the adoption of digital monetary options and companies. We have now all the time centered on enterprise resilience with our platform supporting Excessive Availability and Catastrophe Restoration with Kafka extensions for context-based mirroring and microservice logic. This helped us present glorious companies to our purchasers, with optimum utilization of software program.”
“Throughout the pandemic, increasingly enterprises and governments moved to contactless funds strengthening the case for fintech organizations. We ensured that each our staff and enterprise take the minimal hit in these unprecedented instances, and this was supported by our technological resilience.”
“Proper firstly of the pandemic, we ensured our staff set to work from the protection of their houses with all that’s wanted at their disposal. We additionally organized vaccinations for our staff and their households as quickly as they had been made obtainable by the native authorities.” provides Bankim.
In direction of a Promising Future
We requested Bankim about his imaginative and prescient for Panamax’s journey ahead, to which he expressed, “As we come contemporary off the 2020 pandemic, 2021 is a yr stuffed with alternatives with respect to the operations, and funds.”
“The pandemic allow us to concentrate on our digital monetary platform MobiFin Elite as we additional enhanced its technical capabilities with distinctive options like no-code low-code, API first, AI-enabled conversational banking to call a couple of.”
“By the tip of 2021, we goal to scale up our operations in distant nations throughout APAC and LATAM areas and have already expanded our group to cowl these territories. We additionally look to additional increase MobiFin Elite strengthening its safety, characteristic set, and time to market,” Bankim concluded.
Following are Panamax’s Achievements and accomplishments:
2021 – MobiFin Elite introduced as one of many 10 Most Really helpful Fintech Options Suppliers by CIO Insider Journal
2021 – Technoviti 2021 by Banking Frontiers
2020 – CC World Awards 2020 – GCCM Expertise Innovation Award
2020 – Acquisition Worldwide – Greatest Digital Monetary Resolution 2020 – USA
2019 – 50 Most Promising Fintech Resolution Suppliers
2018 – CV Journal Expertise Innovator Award 2018