CBAN demos first core services and signs MoU with MOBI
Communications Business Automation Network (CBAN) has successfully demonstrated the first of its core services as implemented by its technology partners.
CBAN core services provide the fundamental capabilities that enable interoperable automated settlement solutions for CBAN members across the range of their offerings.
The technical demonstration will be presented in detail at the CBAN Showcase, an online event for the CBAN ecosystem, on 5 November. The event will reach people over three days of both public and member only sessions that will highlight CBAN’s ambitious goals, as well as the work in progress to reach production.
Commenting on the announcement, Louisa Gregory (pictured), CEO of CBAN said: “The demonstration of CBAN core services is a significant milestone in our journey to develop an interoperable platform for ICT Service Providers to automate settlement.
“Not only is it testament to the power of collaboration between our ICT Service Provider members and participating technology developers, but this milestone puts us on a pathway to being in production within 2021. Collaboration is at the heart of our mission, and that is why we believe it is critical to expand this to beyond the communications industry.”
CBAN also announced that it had signed a memorandum of understanding with Mobility Open Blockchain Initiative (MOBI), a global industry consortium working to improve mobility, transit, and logistics using blockchain and related technologies. Under the MOU, both CBAN and MOBI agree to collaborate to define core services for automated business processes that will be fully interoperable between MOBI and CBAN.
Gregory said: “The partnership with MOBI is an exciting opportunity for this by allowing ICT Service Providers and the automotive industry to work together to innovate and deliver the future of connected mobility services quicker than we can do alone.”
Tram Vo, Co-founder and COO of MOBI, added: “The future of mobility is predicated on the connectivity between vehicles, infrastructure, and mobility consumers. The ICT infrastructure and service providers enable this connectivity. MOBI and CBAN face similar challenges and opportunities in creating automated settlement solutions for connected vehicles and other connected roaming devices. Collaboration between our ecosystems is both logical and necessary to realize our vision of a New Economy of Movement, where connected vehicles, infrastructure, and users exchange data and payments seamlessly.”
Finally, CBAN welcomed Global Cloud Exchange and HGC Global Communications as organisation members. Each new member will also join the board of CBAN.
Jim Fagan, chief strategy and revenue officer for Global Cloud Exchange, and a member of the CBAN Board, said: “GCX provides global interconnectivity solutions and services to telecom carriers, enterprise, cloud and content providers. Automation of the commercial interaction between service providers is a core building block for digital transformation. We believe CBAN is the right vehicle to coordinate development and accelerate adoption of these solutions for the benefit of all and GCX wants to play a central role in this work.”
Ravindran Mahalingam, SVP for international business at HGC Global Communications – and also a CBAN board member – added: “Our business is working towards an overall uplift of service availability and speed to market capability among carriers. By collaborating across the industry and driving adoption of a consistent approach to automation for billing and settlement processes, we can achieve faster transformation that ultimately creates more value for our end-customers.”
CBAN is an organisation set up by leading global ICT Service Providers to accelerate and oversee the adoption of automated settlement in the communications industry today announced that it has successfully demonstrated the first of its core services as implemented by its technology partners.
The CBAN Showcase 2020 continues online today. You can find more information and register here: