Blog
Industry Information. Product Updates. Trending Topics.
In a connected world, the smart way to share knowledge is through blogs. At Modefin, we ensure that we communicate every breakthrough with a short piece on the product, solution or platform. Check the content below for a bank of information and insights from our domain experts.
Superapps: The rise of new era for Digital Banking
The concept of a superapp, super app, or super-app has changed the way users interact with digital services. A super app creates a mini app ecosystem that integrates various functionalities into a cohesive platform. By leveraging its platform’s unique capabilities, it can offer a seamless,…
Lifestyle Banking: Reshaping the future of consumer banking
Over these years, the banking industry has undergone drastic changes driven by digitalization and changing consumer preferences. Banks and financial institutions are looking forward to a concept that aims to provide a comprehensive omnichannel banking experience that seamlessly integrates with various aspects of customers’ lives. Recognizing…
Identification, Authentication, and Authorization: The three Cornerstones for Digital Security
In today’s new digital era, all our activities and interactions are constantly monitored and verified. We must be continually identified, authenticated, and authorized to access any service. While these terms are often used interchangeably, they are distinct processes that play crucial roles in ensuring online…
Omnichannel Banking vs. Multichannel Banking: Why One Reigns Supreme?
In today’s digital age, how customers interact with banks and financial institutions has dramatically transformed. The rise of technology has given birth to various banking channels, from traditional branches to mobile apps. Today’s customers demand more flexibility and convenience than ever before when it comes…
The New African MSME Banking Era: Empowering Growth Through Digital Tools
Africa’s economic future is bright, fueled by a burgeoning population and a vibrant spirit of entrepreneurship. The Micro, Small, and Medium Enterprise (MSME) sector is at the heart of this growth. However, MSMEs often need help accessing the financial tools they need to thrive. This…
The Rise and Fall: Why Ugandan Investment Clubs Struggle (and How Tech Can Save Them)
Investment clubs in Uganda are experiencing a surge in popularity. Fueled by a collective desire for financial growth, these groups offer individuals a chance to pool resources and achieve their investment goals. Traditionally focused on close circles, investment clubs are expanding, incorporating diverse expertise to…
ISO 20022: The transformation from SWIFT MT to MX message formats
The payment landscape constantly evolves, but some leaps are more significant. In our globalized world, where commerce transcends borders, payment transactions are becoming increasingly diverse, numerous, and intricate. To address this complexity, the industry is gearing up for its most significant migration yet: the transition to…
Omnichannel Banking Solutions elevate Customer Experience and Transform the Financial Industry
The financial services industry, or BFSI, is rapidly evolving, and consumers demand more convenience and accessibility in their banking experiences. To meet these demands, banks and financial institutions are turning to omnichannel banking, which seamlessly integrates multiple banking and service delivery channels into a cohesive…
Transformative Waves: AI Solutions Reshaping the Landscape of Retail Banking in Africa
The African banking sector is undergoing a significant transformation spurred by rapid artificial intelligence (AI) advancements. AI-powered solutions are revolutionizing retail banking across the continent, improving customer experience, increasing operational efficiency, and opening up new opportunities for financial inclusion. The AI in banking market is…
Revamping Payment Practices: The Emergence of QR Codes for Merchant Payments in Emerging Markets
Given the pace at which today’s digital customers function, businesses must implement strategies to collect payments quickly and efficiently. A Quick Response (QR) code offers that and more. QR codes have become integral to the payments industry in recent years, providing a cashless, convenient, and…
