Modefin & Bank of Bhutan win the Most Agile Deployment Award at IBSi GFIA 2023

By Gloria Mathias

Modefin and the Bank of Bhutan have been awarded the Most Agile Deployment Award under the Most Innovative API / Open Banking Model at the IBSi Global FinTech Innovation Awards 2023.

The IBSi Global FinTech Innovation Awards 2023 seeks to identify and honour 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 API manager has simplified the process of designing, deploying and managing Bank of Bhutan’s APIs offering security, monitoring, analytics and various other features enhancing the overall functionality and efficiency of the bank’s APIs.” said, Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence. He congratulated Modefin for their win in the category ‘Most Innovative API / Open Banking Model: Most Agile Deployment’.

Dorji Kadin, CEO of Bank of Bhutan, shared, “This award is a testament to the partnership between our two organizations and the dedication of both teams to delivering excellence in the banking industry. We look forward to continuing our work together to help achieve our shared goals.”

Amarnath Chowdary, MD at Modefin, said, “We are overjoyed to receive this recognition for our brand-new Open API Manager platform at ModeFin, which has played a vital role in advancing the adoption of open banking. As financial institutions prioritize building ecosystems and driving app-driven economies, open banking is a critical component, and we are excited that our work in this field has been acknowledged. This honour is a testament to our team’s dedication to delivering innovative solutions that help drive financial inclusion.”