In the fast-paced world of banking software development, where precision and efficiency are paramount, CBS (Core Banking System) vendors rely on a myriad of technologies and services to deliver exceptional solutions to financial institutions. One often-underestimated component in this intricate web of technology is the choice of a bulk SMS partner. In this blog, we’ll delve into why CBS vendors should prioritise a stable and reliable bulk SMS partner and why SMS2ORBIT emerges as the frontrunner in this regard.
THE POWER OF SMS IN BANKING SOFTWARE
SMS (Short Message Service) has long been an integral part of the banking sector. From transaction notifications to two-factor authentication (2FA) codes, SMS plays a pivotal role in enhancing communication and security. Therefore, CBS vendors must meticulously select an SMS partner capable of meeting the rigorous demands of the banking industry.
THE PERILS OF MULTIPLE SMS VENDOR API INTEGRATION
While it may seem tempting to diversify SMS service providers for redundancy, the reality is far more complex. Integrating multiple SMS vendor APIs can lead to several issues:
1. Complexity: Managing multiple APIs can be an operational nightmare. Each API may require different protocols, configurations, and maintenance efforts.
2. Reliability: Relying on multiple vendors increases the risk of one or more vendors experiencing downtime, leaving you with no fallback option in times of crisis.
3. Inconsistent Quality: Variability in SMS delivery speed and reliability among different vendors can harm the user experience and disrupt critical banking operations.
THE SMS2ORBIT ADVANTAGE
Enter SMS2ORBIT, a dedicated bulk SMS partner specializing in banking and CBS solutions. Here’s why SMS2ORBIT is the go-to choice for CBS vendors:
1.Highest SLA in India (99.92%): With an exceptional Service Level Agreement (SLA) of 99.92%, SMS2ORBITensures unparalleled reliability and uptime for your SMS services.
2. Guaranteed SMS Delivery in 7 Seconds: In the world of banking, every second counts. SMS2ORBIT‘s commitment to delivering messages within 7 seconds ensures real-time communication, bolstering customer satisfaction.
3. 24×7 Customer Support: Banking software never sleeps, and neither does SMS2ORBIT‘s customer support. They’re there when you need them, ensuring seamless operations.
4. 2FA Enabled SMS: Security is paramount in banking. SMS2ORBIT offers 2FA-enabled SMS solutions, adding an extra layer of security to your applications.
5. Secure SMS API: Robust security measures protect SMS2ORBIT‘s API, ensuring that sensitive information is safeguarded at all times.
6. Customized Solutions: SMS2ORBIT understands that the needs of CBS vendors are unique. They offer tailored solutions to meet your specific requirements.
The choice of a bulk SMS partner holds tremendous significance for CBS vendors in the banking software industry. The advantages of partnering with SMS2ORBIT, including unmatched reliability, rapid delivery, and unwavering support, make it the ideal choice for CBS vendors seeking to enhance their banking software solutions.
When it comes to SMS services for banking, SMS2ORBIT stands as a dedicated and dependable partner, empowering CBS vendors to deliver excellence in their core banking systems.
For CBS vendors committed to elevating their banking software solutions, SMS2ORBIT is the partner that ensures every SMS sent is a step closer to perfection.
SMS2ORBIT: Your Trusted Partner with Proven Expertise
SMS2ORBIT isn’t just a promise; it’s a proven partner in the banking software arena. With a track record of excellence, SMS2ORBIT collaborates seamlessly with multiple banks and CBS vendors, daily dispatching over 1 million OTPs and transactional SMS messages from SMS applications. This level of experience and reliability sets SMS2ORBIT apart as a leader in the industry.
For CBS vendors, the SMS landscape can be a daunting maze of TRAI (Telecom Regulatory Authority of India) regulatory guidelines, but SMS2ORBIT simplifies the journey. We take on the responsibility of onboarding each of our CBS vendor clients, ensuring they navigate the regulatory guidelines smoothly and swiftly. This proactive approach significantly reduces the stress and complexity of SMS API integration for CBS vendors, guaranteeing a smooth and hassle-free SMS onboarding process.
At SMS2ORBIT, we understand that time is of the essence, and our efficient onboarding process ensures that CBS vendors can swiftly incorporate SMS services into their banking software solutions without unnecessary delays or complications.
Partner with SMS2ORBIT today and experience the peace of mind that comes with a reliable and experienced bulk SMS partner who not only meets but exceeds your expectations, leaving you free to focus on delivering exceptional banking software solutions.
Ready to experience the peace of mind that comes with a reliable and experienced bulk SMS partner? Visit our website today to learn more or Contact us to start your journey towards seamless SMS integration.
SMS2ORBIT launched in 2022 (Mumbai – Andheri) with the aim of providing India’s most reliable and trusted Bulk SMS Service Provider.
Our Bulk SMS Applications are directly connected with India’s leading telecom operators like “Airtel, Jio, Vodafone & V-Con“
Every business wants to promote their products and services in Mumbai And Bulk SMS service is the only way to reach millions of customers at a single click.
Finding a reliable SMS provider in Mumbai can be challenging due to the abundance of options available
but only a few Bulk sms service Provider are directly connected to telecom operators as a telemarketer.
Every Business Looking for these awesome Features in their bulk SMS Service Provider.
SMS Delivery in 7 Seconds.
Send Bulk SMS In Regional Language (Hindi ,Marathi ,Gujarati ,Tamil ,Bengali ,Punjabi)
Dedicated Separate Route For OTP SMS ,Important Critical Messages.
Multiple Telecom Operators Gateway.
Send SMS From Microsoft Excel Sheets.
Smart Promotional SMS – URL Tracking.
Secure “HTTPS” API with 5000 TPS.
Industries Highest SLA 99.92%
Why SMS2ORBIT is Best Bulk SMS Service Provider in Mumbai.
We have Powerful Bulk SMS API which is designed especially for Enterprise business to handle heavy SMS volume via API and Web interface.
SMS2ORBIT is the bulk SMS service provider in Mumbai who is delivering India’s highest SLA 99.92% in Bulk SMS service
Type of Bulk SMS Gateway.
Transactional Bulk SMS is a non-marketing automated SMS that Enterprise businesses send to their customers for sharing important updates about their business.
Among the most common transactional SMS usage are Order Delivery Confirmations, Welcome Messages, and Shipping updates ,Bank Account Related Transaction alert ,Shipping information , KYC Related Information.
OTP SMS service is the best way of verifying users information and authenticating online transactions.
OTP SMS service provider ensures timely delivery of OTPs to the right customers via SMSes.
With SMS2ORBIT you can achieve the highest SMS delivery rates of 99% at a latency of 7 seconds on average.
Promotional Bulk SMS is highly used by businesses to generate online leads & Boosting sales, with the help of promotional bulk sms service you can promote your product and service with targeted audiences.
Biggest advantage of having promotional Bulk SMS is you can Target millions of customers by just one click.
Businesses in the banking BFSI sector in India require constant and consistent communication with their customers, whether it’s for transactional, promotional, or debt-collection purposes.
Timeliness and reach are crucial. Therefore, leveraging a channel like Bulk SMS sent through an SMS API makes perfect sense, given its tremendous reach and high success rate.
Wish to know more? Here’s everything you need to know about Bulk SMS Services providers! – SMS API.
Here are some of the most frequent use cases for Bulk SMS Services in the Banking sector.
- Fraud prevention and 2-factor authentication
Two-factor authentication, as a best practice, provides protection against fraud, hacking, and data loss.
The delivery of quickly expiring OTP codes verifies that the person in possession of the passcode is the one attempting to access the service.
Additionally, this enables the service provider to authenticate the individual’s contact information for future communications such as marketing, debt collection, or notifications.
Implementing 2FA adds a second layer of security, ensuring that only the person with the correct codes can access the account from other devices, effectively mitigating the risk of account hijacking.
Consequently, two-factor authentication is an essential security measure in the BSFI sector in India, offering enhanced protection, validating contact details, and reducing the likelihood of account compromise
Here’s an example of 2FA types of messages :
“Hello! user Your one-time security code is: 5X2X1”
Team National Bank
- Transaction confirmations with PIN codes
The system will provide a one-time PIN code for confirmation when service users attempt to complete higher-risk transactions (such as approving loan applications, moving sizable quantities of money, or signing contracts).
As this PIN code has a short expiry time, the transaction needs to be completed at the designated time as well as only by the person having access to the phone used for message delivery.
Here’s what it looks like:
“Hello! user your one-time security code is: 0X3X1”
Team National Bank
- Onboarding new users
When a new user registers for your service, the system can send them a welcome SMS with the most essential service information and contact details.
This allows users to get in touch with their service provider immediately to resolve any issues or answer initial questions that may arise, thus strengthening their relationship.
Here’s an example
Hello, Simran! Nice to have you here. Please contact our customer care at 000-000-000 for further assistance.
Team National Bank
- Nurturing inactive users
A short reminder message is an excellent idea when registered users have been idle for a while.
This way the user can be brought back to the service, sign up for additional features, or keep in touch with the advancements of the service.
Hello, Priya! You haven’t been around lately. Come check out the new account balance feature that we recently implemented.
Contact our customer care at 000-000-000 if you need assistance getting started or have any other inquiries.
Team National Bank
- Loan applications acceptance or denial notifications
Consumer lending is a big industry and they are a heavy user of SMS.
A notification message with a request to proceed with the loan or an alternate offer is issued when user-requested loan applications are granted or denied.
It’s a quick way to let the customer know if the funds are on its way or if further actions are required.
One of them is as follows:
Hello, Ashish! Your loan request has been approved! To verify it, please sign into your account.
Please contact our customer care at XXX-XXX-XXX if you require further assistance.
Team National Bank
We, humans, are forgetful people, and occasionally paying our bills slips from the mind. Reminders for users whose monthly payments are pending are a quick way to nudge them in the right direction.
Also sending pre-reminders messages with payment due dates is a better way for maintaining timely payment practices and abandoning latency costs.
This is how it appears:
“Hi, Rajat! Your current overdue payment is ₹5000. Please settle the debt as soon as possible. If you need help or have any additional questions, feel free to get in touch with our customer service via 000-000-000”
Team National Bank
With a 98% open rate and 90% of arriving within the first 3 minutes, SMS is still one of the best ways to send offers and information to users for attracting them towards your business.
Lending, e-wallets, banking, money transfers, etc. use new customer acquisition or campaign-based marketing messaging extensively, and this trend does not appear to be slowing down at all. Having a message seen 98% of the time is impressive in an information-saturated world. Just make sure that you comply with GDPR.
One that we’ve seen is this:
“Hi! Loans from 5k to 20k. Check your eligibility on your phone in 30 seconds at this address (shorten URL). starting at 5%. opt-out: (shorten URL address) (shorten URL address). Please feel free to contact our customer care at 000-000-000 with any more inquiries.
Team National Bank
There you have it. There are a plethora of ways financial service providers use SMS as a crucial communication channel with the goal of swiftly and effectively selling to, verifying, assisting, and reminding the customer quickly and reliably.
Connect with world's
3.82 Billion's user.
With the world’s population reaching 8.1 billion in 2022 and 3.82 billion active smartphone users, mobile marketing offers an excellent opportunity for verified lead generation.
Promotional Bulk SMS allows businesses to reach millions of customers with a carefully crafted message.
By utilizing this method, you can include a web URL, images, coupon codes, alerts, or other promotional information in an SMS, significantly increasing the chances of it being read.
Mobile marketing offers a direct and effective way to engage with your target audience, leveraging the widespread use of mobile devices .right sentence
By utilizing this strategy, businesses can enhance their lead generation efforts and increase customer conversions.
SMS2ORBIT‘s mobile marketing services have the potential to boost brand awareness, engage customers, and drive business growth effectively.
The biggest benefit lies in obtaining the highest ROI for a low cost when launching an effective promotional campaign.
The power of mobile marketing lies in its ability to connect businesses directly with their target audience on smartphones and tablets.
With the ever-increasing usage of mobile devices, it offers a unique opportunity to reach consumers anytime, anywhere.
This approach offers a direct and effective way to engage with your target audience, taking advantage of the widespread use of mobile devices.
This form of Mobile marketing has gained significant importance in recent years due to the exponential growth of the global ,
population and the increasing number of smartphone users.
With the world’s population reaching approximately 8.1 billion in 2022,
and the total number of active smartphone users around 3.82 billion (as reported by Bank My Cell Research),
Expanding your customer base, generating verified leads, and driving business growth can be effectively achieved through the utilization of mobile marketing strategies.
One of the key advantages of mobile marketing is the ability to reach millions of customers through Promotional Bulk SMS.
This enables businesses to craft carefully tailored messages that can include web URLs,
images, coupon codes, alerts, or other promotional information,
By utilizing mobile marketing and maximizing the likelihood of the SMS being read and acted upon,
businesses can effectively capture the attention of their target audience and increase the chances of customer conversions.
This can be achieved by attaching rich media and engaging content to SMS messages.
Just Follow 4 Steps and get your desire lead in your pocket.