New York, 23, March 2021- Panamax is thrilled to announce that it has been awarded the Technoviti 2021 Award by Banking Frontiers for its flagship digital financial solution – MobiFin Elite. Technoviti is an annual award that recognizes innovations in the financial technology domain and offers a platform for the thought leadership dialogue as well as celebration of awards to leading fintech and bigtech players. The event was organized virtually on 19th March 2021.
Panamax’s MobiFin Elite has been awarded the Technoviti 2021 as the Jury considered it as one of the best innovations in the financial sector. MobiFin Elite is a futuristic digital financial platform that ensures complete data security of customers and financial transactions with ECC 256-bit Elliptic Curve Cryptography along with scalability, and omni-channel capability. The platform enables banks leverage an enterprise integration layer to modernize any legacy architecture, reduce TCO and reuse IT assets across workflows. It also provides API-enabled KYC implementation supporting configurable parameters for flexible onboarding workflows. It helps MNOs, MVNOs, mobile wallet operators, banks, financial institutions and aggregators to create their own customized digital ecosystem.
Technoviti 2021 received several nominations from diverse financial technology companies. The categories were divided into bigtechs (established companies with innovative solutions) and fintechs (start-ups with disruptive business models and creative solutions). The awards witnessed overwhelming participation from companies using low code-no code platforms, artificial intelligence, blockchain, data analytics, machine learning, cybersecurity, KYC alternative credit scoring, accounts reconciliation, and more. The entries were viewed by 22 plus luminaries who were the jury for Technoviti 2021. There were entries of some of the most insightful and inspiring innovations that can accelerate the business journey of financial services including AI, RPA, Security, Payments, Cloud, Regtech, and Lending.
Along with awards, the event conceptualized a conference to brainstorm on innovations, salute the inspiration behind them, and spur an innovation-based mindset amongst the technology ecosystems.
About Banking Frontiers
The Banking, Financial Services and Insurance, or BFSI, sector is today the most happening sector – be it the excitement of challenging business models, or products and services or mergers and acquisitions or pure organic growth or the response to globalization. There is keen popular interest in what is happening in the sector and dissemination of information is a major challenge.
Banking Frontiers aspires to meet this vital need as a medium providing the latest and the crucial information on the sector by way of researched articles, opinions, analyses, and news happenings. Starting as a 20-page magazine way back in February 2002, primarily focusing on banking technology, they have come a long way. Today, the focus has enlarged from technology to the entire spectrum of banking and financial services – capturing for the readers what is happening and what is expected to happen in the sector – in short, the essence of the industry bringing together the issues and concerns that it faces and the views and experiences of the leaders.
Banking Frontiers has also diversified activities into providing online and offline platforms for the stakeholders of the sector such as round tables, seminars, conferences, web forums, web surveys and research to cater to the needs of the BFSI community.
Panamax, the technology arm of Bankai Group, is a global leader in providing telecom and digital financial solutions. MobiFin Elite, the Digital Financial Solution by Panamax, is one of its flagship fintech products. The platform benefits banks, financial institutions, MNOs, MVNOs, mobile wallet operators, and aggregators in creating their own customized digital ecosystem. It offers scalability and ease of operation by fusing mobile banking, agency banking, wallet, top-up and bill payments solutions into a comprehensive user-friendly interface. Panamax’s telecom offerings include market-proven Billing, Switching, Provisioning, Transaction and Service management solutions, assisting millions of users over networks spread across the globe.