Modefin & TBank win the award for best digital channel/platform implementation at the IBSi Global FinTech Innovation Awards 2022

By Leandra Monteiro

The IBSi Global FinTech Innovation Awards recognize and honor technology players and banks for their excellence in driving impact through banking technology implementations and innovations using new technologies. The Global FinTech Innovation Awards 2022 saw IBS Intelligence evaluate 151 nominations across 94 banks from 47 countries in 30 categories across the globe.

Modefin and TBank have been awarded the best digital channel/platform implementation in the IBSI Global FinTech Innovation Awards 2022.

“Modefin’s specially designed mobile banking app for TBank is an important step towards digitization in Bhutan, enabling the bank to provide quality services to its customers. The implementation followed a well-designed project management framework that ensured smooth implementation,” said Nikhil Gokhale, head of research at IBS Intelligence. He added, “On behalf of IBSi, I congratulate Modefin on their well-deserved win in the category,”Best Digital Channel/Platform Implementation: Best Program Management.’.”

Amarnath Chowdary, CEO of Modefinsaid: “This is a proud moment for all of us at ModeFin. This award demonstrates the trust our customers have placed in us and the outstanding contribution of our team.”

Pema Tshering, CEO of TBank, said: “We are honored to be recognized for our contribution in our journey towards digital banking through innovative products and services to our customers in collaboration with Modefin.”

Founded in 2011, Modefin is headquartered in Bangalore, India and currently serves 60+ banks in more than 20 countries worldwide. Modefin specializes in providing endless banking opportunities for banks of all sizes to accelerate their digital transformation and stay ahead of the competition. Modefin aims to deliver quality products and services that are reliable, built on long-lasting values ​​and relationships, win customers’ trust and improve their lives. Modefin believes in building a transparent, honest and trustworthy business relationship that improves the lives of everyone connected to 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 payment, branchless banking, mPOS, SMS banking, USSD banking, virtual money and Fund payout.

TBank Ltd is one of the commercial banks in the Kingdom of Bhutan, licensed by the Royal Monetary Authority of Bhutan under the Financial Institutions Act of Bhutan, 1992. It is also incorporated under the Companies Act of the Kingdom of Bhutan 2000. It started its banking operations with the establishment of the Corporate Office and Thimphu Branch Office March 12, 2010. The objective was to meet the growing demand from the general public for banking services and ensure coherent competition in the financial sector in Bhutan.