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.
Maximizing Convenience and Security: Evaluating Mobile Payment Solutions with Application for Merchant and Payment Application for Customer
In today’s digital age, making payments via mobile devices is a fast, convenient, and safe way for consumers to pay for goods and services. On the other hand, mobile payments are an effective and efficient way for merchants to process customer payments. As mobile payments…
The Next Frontier in Mobile Payment: Unlocking the Scales of Open Banking and APIs
Digital wallets have emerged as one of the crucial players in the digital transformation journey of the banking sector. With their convenient and secure payment options, they have successfully captured the attention of consumers and businesses alike. According to a research paper, there were over…
Bridging the Gap: How Agency Banking is Opening Doors for the Unbanked & Underbanked Population
As a society, we often hear about the need for financial inclusion and how ensuring everyone has access to financial services is essential. However, the reality is that many people, particularly in developing countries, need access to essential financial services such as banking, insurance, and…
Bringing Banking to the Masses: Agency Banking and the Power of No-Code Low-Code Platform
It’s no secret that technology is transforming the banking industry in today’s digital age; the banking industry has significantly transformed from brick-and-mortar branches to virtual channels. With the sudden rise of mobile banking and online applications, consumers have become accustomed to having access to their…
Disruptive Trends & Transformation in Digital Banking Services
Massive digital disruption has become the norm in the banking domain. Deposits, payments, or loans – the disruption pervades through the sector, shaking it from top to bottom. This digital disruption is emerging from advancing financial technology which the emerging FinTech companies are armed with…
How the Pandemic Transformed the Digital Payment Space
Covid-19, which has been ravaging the global economy and financial markets since 2019, is still on the roll. Governments and the corporate sector introduced various measures impacting various sectors to stem the economic disruption. Digital Payment was one of the sectors that went through colossal…
Migration of digitalised banks to cloud
To make the most of cloud operations, banks should choose the right operating, deployment, and service models. There is consensus amongst banking IT Heads that in addition to on-premises and legacy systems, they need SaaS applications and cloud to achieve their enterprise goals. Why cloud…
Managed Services in Banking!
Why doing everything yourself is not a good thing? Can a 200-room hotel or multispecialty hospital handle all functions with in-house staff? Can a biscuit maker or baker grow wheat and sugarcane, cultivate the produce and bring it to the oven? Is every component in…
Reinventing Legacy and Digital-first banks with Microservices
Elephants can Dance! Here is some good news and bad news, but the bad news first: Retail Banking is being challenged by other market players who are not Banks but payment or transaction services in some form. The good news is bankers can give challengers a run…
Why Children Banking has to grow up… fast!
All along fintech and financial services have been talking about financial inclusion… we extol at length about the virtues of reaching out to the unbanked, unserved, and underserved. We engage in boardroom brag and PR tom-tom on how we are forever widening the inclusion net. Hang…
