The IBSi Global FinTech Innovation Awards 2023 seeks to identify and honor banks, financial institutions, and technology players’ excellence in driving impact through banking technology implementations and innovations using emerging technologies. The Global FinTech Innovation Awards 2023 saw IBS Intelligence evaluate 250 nominations across 106 banks from 49 countries across 30 categories all over the globe.

“Meghna Bank, in partnership with Modefin introduced a digital wallet designed to simplify banking. This collaboration aimed to enhance convenience, security, and accessibility in financial transactions.The joint commitment to ongoing innovation reflects their dedication to becoming an integral part of users’ lives.” said, Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence. He congratulated Modefin for their win in the category, ‘Most Innovative Digital Wallets Deployment: Best Program Vision’.

Modefin & Meghna Bank bags Best Program Vision Award under Most Innovative Digital Wallets Deployment Category at the IBSi Global FinTech Innovation Awards 2023 in Mumbai.

“We are honored to be acknowledged for our commitment to advancing digital banking at Meghna Bank through innovative products and services in collaboration with Modefin.” said by A Z M Fouz Ullah Chowdhury, Head of Digital Financial Services, Meghna Bank

“Thrilled to win the Most Innovative Digital Wallets Deployment Award! Kudos to our team and partner Modefin for this achievement, driving Meghna Bank forward in digital innovation.” commented by Md Nazmul Ahsan, Head of Digital Solutions & Innovation, Meghna Bank

Amarnath Chowdary, MD Modefin, added, We express our gratitude to Meghna Bank for providing us with this opportunity. We are honored and humbled by this achievement, which is a testament to the rapid deployment of solutions we successfully undertaken at Meghna Bank. We are committed to continuing our partnership and delivering excellent services that exceed their expectations.

Meghna Bank Modefin Ibsi Award
Amit Darda, CEO of Modefin, received the IBSi Award on behalf of the Meghna Bank and Modefin from Madhavan Menon - Executive Chairman, Thomas Cook India Limited
Amit Darda, CEO of Modefin added, ” We are happy and proud to receive this award with Meghna Bank for the program vision of an innovative digital wallet that aligns with Bangladesh’s cashless digital economy. MeghnaPay is the Mobile Financial Solution for Meghna Bank that will keep impacting more customers’ lives.”

About Modefin

Founded in 2011 and headquartered in Bangalore, India, Modefin currently serves 60+ banks in more than 20 countries worldwide. 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 believes in building a transparent, honest, and reliable business relationship that enhances the lives of all associated with Modefin directly or indirectly. Modefin specializes in mBanking (Mobile Banking), mWallet (Mobile Wallet), Digital Payments, Digital Remittances, Mobile Commerce, Agency Banking, Financial Inclusion, Mobile Money, Mobile Disbursement, Branchless Banking, mPOS, SMS Banking, USSD Banking, Virtual Money and Fund Disbursement.

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About Meghna Bank

A fourth generation Bank, Meghna Bank Limited commenced its operation from May 09, 2013 with a vision of “To be recognized as an essential institution for the unbanked through zealous participation in the financial inclusion process”.Meghna Bank’s Pay-Off line “Together We Sail” exemplifies our commitment to contribute building up an enlightened and prosperous nation.

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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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