Indian digital banking solution provider Modefin appoints CBO

By Edil Corneille

Indranil Basu Roy joins Modefin as its Chief Business Officer and will lead the expansion plans of the company into existing and new markets. He has joined the company since November 1, 2020.

With Roy coming on board, Modefin will be able to leverage the momentum to expand into markets like the Middle East, South East Asia and continue to consolidate its leadership in Africa.

Roy is said to bring with him over two decades of rich FSI-technology industry experience and knowledge, having powered growth strategies for several banking and financial services enterprises across APAC, Middle East, and Africa. His knowledge of almost every facet of banking functions including core banking, cards & payments, treasury & capital markets, retail & corporate banking, risk management, and lending is said to have helped many enterprises achieve success.

Amarnath Chowdary, CEO, ModefinServer remarked, “with Roy coming on board we are now fully armed and ready-to-launch our growth strategies to achieve our goal of being the go-to solutions provider for digital banking experiences.”

“As Financial Services organisations globally are trying to embark on new digital initiatives, Modefin, with its innovations around Omni-presence Ecosystem Banking, has been helping financial institutions over a decade, to rediscover themselves in the new digital world and create tangible impacts in their customers’ lives. It is time now to take these innovations to the Banks in newer markets so that we can replicate the value and impact at a global scale. I feel fortunate and excited to be part of this phase of Modefin’s journey,” Roy remarked.

It is inevitable that banks have to transition to digital banking to stay relevant in the market and continue to enjoy their customer’s loyalty and remain profitable. With Roy’s experience in the financial technology (FinTech) space, he will be able to steer Modefin to increase its global footprint in digital banking, and firmly gain a foothold in the stated markets.