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.
From Exclusion to Inclusion: The Importance of the ‘Business Correspondent’ Model in Creating a Level Playing Field in Banking
The traditional banking model has been dominated by physical branches, historically a significant barrier to inclusion for many people, particularly those living in remote and rural areas. To ensure greater Financial Inclusion and increase the outreach of the BFSI sector, the banks started giving permits…
Agency Banking for New Age Banks: Connecting Financial Services to Underserved Communities
Agency Banking is a branchless banking that allows banks and financial institutions to extend the network and reach of their products and services cost-effectively through authorized agents. On behalf of banks, an agent offers simple banking services like deposits, withdrawals, transfers, and bill payments to…
Branchless Banking is what revolutionizing the African banks
Branchless banking, or agency banking, is a financial service model that has recently gained considerable popularity in Africa. It allows customers to access banking services without needing physical branch locations. With over half of the African population owning a mobile phone, branchless banking is a…
Digital Financial Services: A Game-Changer for Bangladesh’s Economy
Digital finance, Digital Banking or fintech (short for financial technology), is a growing industry that uses technology to improve and automate financial services. The digital financial services industry has been experiencing a rapid expansion in Bangladesh, with new startups and online platforms emerging regularly to…
Is autonomous Finance what the world needs- a world without banks?
Consider a world where the finances won’t need manual spreadsheets and laborious calculations; your financial tasks are effortlessly handled or simply self-driving. The realm of Autonomous Finance is where cutting-edge technologies like Artificial Intelligence (AI) and Machine learning(ML) are revolutionizing, which automates and improves much of our…
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…