AI in Banking: Use cases of Artificial Intelligence and Machine Learning in Banking
Artificial intelligence (AI) and machine learning (ML) have driven the inception and rapid growth of the global financial technology (Fintech) industry. Industry data suggests that by 2026, the global market for AI in banking will reach USD 26.67 billion, with a CAGR of 23.17% from…
Benefits of Upgradation from Monolithic to Microservices platform in Banking
Microservices architecture has grown in popularity in recent years, notably in industries such as banking and Fintech, with an estimated global market size projected to reach approximately $7.45 billion in 2025 By breaking down large systems into smaller, autonomous services, banking microservices architecture provides a variety of benefits…
Micro Lending – The Future of Borrowing
Welcome to the future of lending! The financial landscape is undergoing a seismic shift. Gone are the days when borrowing money meant navigating a labyrinth of bureaucracy. Today, Micro Lending is revolutionizing the way we borrow money, offering faster processing times, lower interest rates, and…
Beyond the Browser: Reimagining Net Banking for the Connected Consumer.
The modern consumer lives in an interconnected world, where every interaction, from ordering groceries to hailing a cab, is just a few taps away on their smartphone. This paradigm shift has created an expectation for seamless, intuitive, and always-on experiences across all facets of life…
Digital Onboarding & User Experience: The Gateway to the Modern Financial Customer
In an age defined by instant gratification, the customer journey begins long before a physical interaction. With technology at our fingertips, consumers expect immediate results, from a simple search engine query to a complex financial transaction. This expectation has fundamentally reshaped the banking landscape, making…
How Chama Management Systems Fosters Financial Inclusion?
Savings and lending groups, also known as Chamas, have long been a vital source of financial support for communities across Africa. These groups, often comprising individuals with limited access to traditional banking services, pool their resources to provide loans, offer support to members during times…
Unlocking Innovation and Agility with API Management in Connected Banking.
In the rapidly evolving world of digital finance, banks and financial institutions are under immense pressure to innovate, deliver faster, and remain compliant—all while ensuring secure and seamless customer experiences. The rise of open banking, fintech collaboration, and embedded finance has reshaped the traditional boundaries…
Level Up Your Quality Assurance: Best Practices for Delivering High-Quality Software
Quality Assurance (QA) professionals are the unsung heroes of the software development lifecycle. Their core mission? To guarantee that software not only meets the specified requirements but also operates flawlessly and provides a stellar user experience. At its heart, testing is all about hunting down…
The Quality Assurance Team: Modefin’s Strategic Asset in Delivering High-Quality Digital Banking Solutions
In today’s fast-paced financial sector, the importance of delivering high-quality software products cannot be overstated. Whether it is a Mobile banking app, an investment platform, or a regulatory compliance tool, finance-based product companies must maintain high standards of reliability, security, and performance. At the heart…
Modefin is honored with the Most Innovative Omnichannel Platform
The 15th Africa Bank 4.0 Summit—West Africa, hosted by BII World, recognizes and honors the pioneers and visionaries going the extra mile to transform the FinTech industry and make access to finance in Africa accessible, innovative, convenient, and affordable. It admires the great brains coming up with…