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Modefin & TBank bags Best Digital Channel/Platform Implementation Award at the IBSi Global FinTech Innovation Awards 2022

By Leandra Monteiro

December 26, 2022

  • Best Digital Channel
  • Bhutan
  • Digital Remittances

ModefinIBSi Global FinTech Innovation Awards recognises and honors technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. The Global FinTech Innovation Awards 2022 saw IBS Intelligence evaluate 151 nominations across 94 banks from 47 countries across 30 categories all over the globe.

Modefin and TBank have been awarded Best Digital Channel/Platform Implementation in IBSI Global FinTech Innovation Awards 2022.

“Modefin’s custom-designed mobile banking app for TBank is an important step for digitization in Bhutan, enabling the bank to provide quality service to their customers. The implementation followed a well laid out project governance framework ensuring smooth execution,” said Nikhil Gokhale, Head of Research 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: Best Program Governance.’.”

Amarnath Chowdary, Managing Director at Modefin, said: “This is a proud moment for all of us at ModeFin. This award demonstrates the trust bestowed by our clients on us and the outstanding contribution by our team.”

Pema Tshering, Chief Executive Officer at 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 association with 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.

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 commenced its banking operation with the establishment of the Corporate Office and Thimphu branch office on 12th March 2010. The objective was to meet the growing demand of the general public’s banking services and provide cohesive competition in the financial sector in Bhutan.

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