Modefin has been awarded the IBSi SLT Industry Leader Special Awards 2023 under the Digital Banking Channel Africa category. Modefin dominated the Digital Banking Channel in Africa by signing six deals across Ghana, Sudan, and Zambia. Modefin has been recognized for its excellence in delivering innovative technology solutions to the BFSI industry, setting itself apart as a key player in advancing the digital banking landscape in Africa.
The category reported SLT 2023 received consistent interest and participation, with 57 technology suppliers submitting 1,500+ deals won in the calendar year 2022, spanning 134 countries. Only 1,281 deals passed a rigorous assessment process to this year’s final SLT rankings, which included 913 global and 368 domestic deals.
IBSi SLT Leadership Club recognizes the best-performing systems in different categories and geographies; IBSi Industry Leader Special Awards provide an understanding of leading suppliers in each type and region. This year Eight suppliers have qualified to deserve the Industry Leader Special Awards, in which Modefin is among them.

Amit Darda, CEO at Modefin, said: This award is a testament to our commitment to providing innovative and cutting-edge technology solutions to the banks, and we are humbled and honored to receive this recognition. I am incredibly proud of the work that our team has put in to achieve this success, and we remain committed to delivering the highest quality solutions to our partners and customers. Congratulations, and thank you to all our Customers, Partner, and Team for contributing to this achievement!

“Congratulations to Modefin on winning in the ‘Digital Banking in Africa’ sub-category in SLT 2023,” said Nikhil Gokhale, Head of Research Platforms at IBS Intelligence. He added, “In our experience, Modefin’s digital banking platform offers a seamless and user-friendly experience, empowering banks to deliver enhanced services, streamline operations, and meet the evolving needs of their customers in the digital era. Their achievement highlights their remarkable contributions to advancing the digital banking ecosystem in Africa and positions them as a frontrunner in the industry.”



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About Modefin

Modefin is an award-winning Digital Banking and Fintech Solution provider to Banks across the globe. Today close to 65+ banks across Africa use Modefin Solution, a testimony to Modefin’s leadership position and maturity in the solution. Modefin specializes in providing infinite banking possibilities for banks of any size to accelerate their digital transformation & stay ahead of the competition. Modefin aims to deliver quality products and services that are reliable, built on long-standing values and relationships, win customers’ confidence, and enhance their lives. Modefin’s One Platform approach, coupled with the vision of “Co-Create & Co-Develop,” gives Banks ample opportunity to innovate on our platform to meet various business needs in the challenging environment without having any dependency on our platform. This is Modefin’s DNA and USP when compared to our competitors.

To know more about us, visit our website –

About IBS Intelligence

Established in 1991, UK-headquartered IBS Intelligence is the leading global pure-play Financial Technology research, news analysis, and advisory firm. IBSi’s Sales League Table is the worldwide industry barometer ranking leading banking technology suppliers. Its research reports comprehensively cover international suppliers across all Banking Technology & Financial Technology systems and are also distributed by Thomson Reuters, Bloomberg and S&P Capital IQ.

IBSi’s Innovation Lab in Dubai brings banks and suppliers together with an opportunity to access the Middle East market and to test and experience global Financial Technology products within the region. The group company, Cedar, is a global management consulting firm with deep expertise in formulating and executing a business strategy for financial services clients worldwide, with a significant focus on leading their technology and digital transformation.

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