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.

“Modefin’s Retail Mobile Banking solution for GCB Bank PLC exemplifies innovation in the banking industry. By seamlessly integrating cutting-edge technology, user-friendly design, and comprehensive functionalities, the solution not only supports GCB Bank’s growth and expansion goals but also creates a competitive advantage in the market.” said, Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence. He added “On behalf of IBSi, I extend my congratulations to Modefin on their well-deserved win in the category, ‘Best Digital Channel/Platform Implementation: Most Impactful Project’.”

Modefin and GCB Bank have been awarded Best Digital Channel/Platform Implementation: Most Impactful Project at IBSI Global FinTech Innovation Awards 2023.

Frank Addae-Aboagye – Head, Innovation, GCB Bank said- We extend our heartfelt congratulations to Modefin for their exceptional contribution to the enhancement of our GCB Mobile App. Their dedication and expertise played a pivotal role in transforming our app into an award-winning solution, recognized as the Best Digital Channel/Platform Implementation: Most Impactful Project in the Global FinTech Awards. Modefin’s innovative collaboration has not only elevated our mobile banking experience but has also positioned us as a leader in the ever-evolving FinTech landscape. We are grateful for their partnership and look forward to achieving even greater milestones together.

“It is an immense pleasure to receive this recognition, particularly as GCB Bank, the second largest bank in Ghana, commits to promoting financial inclusion. Through this project, we aim to reach millions of lives and transform them by providing them access to vital financial services, ultimately benefiting the whole community. We are delighted to be a part of this transformative initiative and appreciate the trust placed in us by GCB Bank.” Amarnath Chowdary, MD Modefin, said.

Gcb Modefin Ibsi Award
Amit Darda, CEO of Modefin, received the IBSi Award on behalf of the GCB Bank and Modefin from Madhavan Menon - Executive Chairman, Thomas Cook India Limited
“We are incredibly pleased to receive this award for the most impactful project under Digital Channel. We are happy to share that this is the second consecutive year we got the award under this category. It is the testament that adds credibility to our working model with leading banks such as GCB Bank. We believe in delivering innovative products and services to our customers across all digital banking channels.,” Amit Darda, CEO of Modefin, said.

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.

To know more about us, visit our website –

About GCB Bank
GCB Bank PLC is Ghana’s first and largest indigenous bank with the vision to be the leading Bank in all our markets and the mission to provide first class banking solutions for customers and value for all stakeholders. This year, the Bank celebrates Seventy (70) years of providing unrivalled financial solutions towards socio-economic development of Ghana.

Established in 1953 and listed on the Ghana Stock Exchange since 1996, GCB Bank acquired selected assets and liabilities of two indigenous banks in 2017 and expanded its branch network and ATMs to over 185 and 340 respectively in its quest to continue being the most dominant player in Ghana’s banking industry.

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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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