Blog
Industry Information. Product Updates. Trending Topics.
SME Banking
Globally, small, and medium enterprises (SME) account for more than 60% of total employment. SMEs contribute about $850 billion of annual revenue for banks through deposits, payments, lending, and overdrafts. Therefore, it is safe to say that MSMEs constitute a vital part of a country’s…
Composable Banking Solution
The key to success is often the ability to adapt! – Confucius Traditional banks are facing a unique dilemma. On the one hand, they must compete with agile fintech firms (with the best technology), as they offer a consistent customer experience across numerous channels. On…
Is Bhutan ready for the big leap into digital banking?
In 2021’s first edition of Boardroom Talk, Modefin invited Mr.Dorji Kadin – CEO, Bank of Bhutan, to join us in conversation about the banking landscape in the kingdom of Bhutan, what is being done, and how is the country gearing up for the inevitability of…
Banking Tech: In-Store Banking
Banking is transforming with a focus on improving regulatory compliances, bottom lines, and customer experiences. The Covid-19 crisis has the spotlight on customer experiences, as remote access to banking services is no more a convenience but a necessity. Therefore, digitization or providing access to financial…
Digital onboarding – accelerating customer acquisition
If you’re working in a bank, chances are your bank may not have switched over to a digital environment and customer onboarding is still a ‘good to have’ discussed in meetings, and yet to actually make a mark. But you’re not alone. Digital banking solutions,…
4 must-have mobile banking features
4 must-have mobile banking features that will have customers saying “thank you” Today, the next-gen customers are demanding and expecting a level of service that requires banks to provide a banking experience that is fast, convenient and effortless. In view of the expectations and the…
What & Why Omni Channel Banking?
Nowadays End Customers demand a unified and real-time experience on all touchpoints for financial services. The current dynamics of digital innovation and the evolving needs of consumers will drive customer engagement which will be seamless across all touchpoints. Being digitally focused, customers now expect more…
Tap & Go Payments / Contactless Payments
The concept of tap & go payments has been around for a while since the mid-90s. Also referred to as contactless payments, the concept is pretty simple and works using radio-frequency identification (RFID) or near field communication (NFC). It makes the job of the customers…
Chatbots in Banking – Redefine Banking Experiences
A chatbot is a computer program that can have a conversation with humans, listening to their queries and responding with relevant information. Many companies across industries have deployed chatbots and helped differentiate themselves in a crowded marketplace. Banks aren’t left behind and have been early…
Financial Inclusion & It’s Significance
Financial Inclusion also called Inclusive financing means providing businesses and individuals access to financial products & services which are delivered responsibly and sustainably at affordable costs. The goal of Financial Inclusion is to address and offer solutions to the constraints that come in the way…
