Internet Mobile Communications Ltd announces the new Bank of Telecom PaaS for automated voice and SMS trading with same day settlements
New platform will transform wholesale Voice and SMS carriers and help drive explosive growth while overcoming the challenges experienced in today’s market.
UK-BASED INTERNET MOBILE COMMUNICATIONS Ltd (IMC) announces today its new Bank of Telecom Platform as a Service, which offers automated wholesale voice and SMS trading with same day settlements and a portfolio of value-added services. This unique blend of fintech and telco empowers carriers in the competitive voice sector to make efficient and fast commercial decisions, whilst in the explosive SMS sector, carriers and aggregators now not only gain access to the global market but a wealth of market information and value-added services to maximise margin growth.
The Bank of Telecom PaaS gives members control of their voice and/or SMS business by giving them access to a global market rate checker, allowing them to set rates to match a buy target and automatically create a deal. Real-time reporting and monitoring on their destinations and trading balances, testing modules, access to HLR look up and a whole host of other Value Added Services, all combine to help drive explosive growth in 2020 and beyond.
Mark Stewart, CEO says, “We’re delighted to continue to evolve our product offering to members to change telecoms for good. This unique Bank of Telecom PaaS will give the tools that voice and SMS carriers and aggregators need to get the most out of their business and its automation will bring about significant operational, commercial and financial benefits.”
First launched in 2015, the Bank of Telecom was used to trade voice traffic. It has become the most successful product in IMC’s history so far and was the main driver behind its exponential growth in revenues and the main contributor to IMC being ranked #23 in the Sunday Times Hiscox Tech100 back in September 2019. Bank of Telecom has over 1300 voice interconnects and over 250 SMS carrier and aggregator interconnect and sees an average of 30 carriers join every month, a figure that is unheard of in today’s international telco space.
For the SMS customer, a trade outside the Bank of Telecom requires an overwhelming eight manually performed job functions using separate system elements from contracts manager, to engineering staff through to rates managers, test engineers and billing and finance personnel. Now, with a fully automated platform, businesses can re-allocate internal resources to focus on more strategic objectives while empowering their organisation with the control they need maximise SMS revenues and drive growth while at the same time, circumnavigate the significant challenges that are currently experienced in wholesale SMS today.
Established in the UK in 2012, Internet Mobile Communications Ltd (‘IMC’) is a FinTech and international telecommunications business. IMC has three divisions comprising International Settlements, Wholesale Carrier Services and Retail Business Solutions with presence in UK, Chile, India and Malta. Trading under the Bank of Telecom® brand, IMC provides a rich portfolio of voice and SMS services to the global carrier community. IMC developed, owns and operates the Bank of Telecom® an automated, online trading platform with same day settlements, that is leveraged by over 1300 in international voice telecom suppliers, with 100s of routes across over 130 markets, and over 230 SMS direct connects. Bank of Telecom Members include many major PTT, MNO, MVNO and Tier1 carriers as well as hundreds of small niche telecom suppliers. Bank of Telecom is a trademark of Internet Mobile Communications Ltd. IMC also introduced in 2018 the telco industry’s first blockchain-powered International Settlements service – BoTCoin® Market – allowing telcos to take advantage to Blockchain technology to settle at a fraction of the cost and speed of Banks. IMC was named a technology provider in the Global Leaders Forum’s Communications Business Automation Network (CBAN).