Modefin, one of India’s leading digital banking solution providers, adds a feather in its CXO cap

Indranil Basu Roy, a seasoned Financial Services business expert, joins Modefin as its Chief Business Officer, and will lead Modefin’s expansion plans into existing and new markets.

Indranil Basu Roy joins Modefin, as its Chief Business Officer, from November 01, 2020. With him coming on board, Modefin will be able to leverage the momentum to expand into markets like the Middle East, South East Asia and continue to consolidate its leadership in Africa.

Roy as he’s known in the industry, brings with him over two decades of rich FSI-technology industry experience and knowledge, having powered growth strategies for several Banking & Financial Services enterprises across APAC, Middle East and Africa. His formidable knowledge of almost every facet of banking functions including Core Banking, Cards & Payments, Treasury & Capital Markets, Retail & Corporate Banking, Risk Management, Lending has helped many enterprises achieve phenomenal success.

“As Financial Services organisations globally are trying to embark on new digital initiatives, Modefin, with its innovations around Omni-presence Ecosystem Banking, has been helping financial institutions over a decade, to rediscover themselves in the new digital world and create tangible impacts in their customers’ lives. It is time now to take these innovations to the Banks in newer markets so that we can replicate the value and impact at a global scale. I feel fortunate and excited to be part of this phase of Modefin’s journey,” Roy remarked.

According to the Digital Banking Market Research Report, the market size for Digital Banking is projected to reach USD 25840 million by 2026, from USD 9098.7 million in 2020, at a CAGR of 19.0% during 2021-2026. Banks everywhere in every market have to transition to digital banking to continue to enjoy their customer’s loyalty and remain profitable. With Roy’s experience in the financial technology space, he will be able to steer Modefin to increase its global footprint in digital banking, and firmly gain a foothold in the stated markets.

As Amarnath Chowdary, CEO of ModefinServer remarked, “with Roy coming on board we are now fully armed and ready-to-launch our growth strategies to achieve our goal of being the go-to solutions provider for digital banking experiences.”

About Modefin

Modefin is a Bangalore-based technology company, delivering digital banking solutions to the Banking & Financial Services industry globally. Running successfully for close to a decade, with more than 60 clients globally on its Digital Banking Platform, called “Miracle Bank”, Modefin is on its way to fulfil its goal of achieving $100 million in revenues in the next 5 years.

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Shravani: +91 99406 84925/ [email protected]