ModusBox, ThitsaWorks, ONOW Myanmar, and USAID Develop Digital Financial Services Education Platform for MFIs and Underserved Clients
November 11, 2021

ModusBox, ThitsaWorks, ONOW Myanmar, and USAID Develop Digital Financial Services Education Platform for MFIs and Underserved Clients

in Announcements , Financial Inclusion , Microfinance

In partnership with ThitsaWorks and ONOW Myanmar, ModusBox is pleased to announce the addition of an upskilling component to the Myanmar Microfinance Digitization project we initiated alongside the UNCDF. RSG (Ready, Set, Go) is an education program designed to deliver training through easily accessible platforms that are familiar throughout the microfinance industry. With support from […]

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Rating and Review: Integrating with Fiserv’s XP2 Banking Core
November 4, 2021

Rating and Review: Integrating with Fiserv’s XP2 Banking Core

in Banking Core Integration , Fintech , Payment Management

ModusBox works with banks and credit unions to eliminate dependency on their banking core vendor and enable the organization to leverage its core for what it does best. We do this by creating a flexible API layer on top of the banking core that unlocks the ability to quickly innovate new products and connections to […]

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5 Key Takeaways From Our Panel Discussion With UNCDF, USAID, and Mojaloop Foundation on Microfinance Digitization
November 2, 2021

5 Key Takeaways From Our Panel Discussion With UNCDF, USAID, and Mojaloop Foundation on Microfinance Digitization

in Financial Inclusion , Microfinance , Mojaloop

ModusBox is passionate about bringing payment services to all classes of financial institutions through interoperable payment hubs like Mojaloop and our PortX suite of easy-to-use integration software. In Myanmar, we’ve been working with the UNCDF and the microfinance sector to build a real-time payment system that connects banks, mobile money, and microfinance institutions. We recently […]

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Simplify and Automate Your Wire Transfer Process With PortX’s “Fedwire-As-A-Service” Solution
October 5, 2021

Simplify and Automate Your Wire Transfer Process With PortX’s “Fedwire-As-A-Service” Solution

in Banking Core Integration , Fintech , Payment Management

If you have ever sent a wire transfer, you know that the process is fraught with manual processes and a high risk of human error. Fintechs are solving this notoriously painful process with well-designed UI and API-led connections. This is driving the need for financial institutions (FIs) to improve the automation and user experience of […]

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3 Business Challenges Solved by Automating OFAC Screening With An API-Led Core Banking Integration Strategy
September 30, 2021

3 Business Challenges Solved by Automating OFAC Screening With An API-Led Core Banking Integration Strategy

in API Management , Banking Core Integration , Digital Transformation , IT Management , Payment Management

Know Your Customer is a tremendous challenge to financial institutions amid today’s increasingly sophisticated financial crime and money laundering schemes, and the cost of non-compliance is expensive. In the first six months of 2021, The US issued more than $711 million of fines to financial institutions (FIs) for non-compliance with Anti-Money Laundering (AML), Know Your […]

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Increase the ROI of Banking Core Integration by Addressing Technical and Non-technical Solutions
September 16, 2021

Increase the ROI of Banking Core Integration by Addressing Technical and Non-technical Solutions

in API Management , Banking Core Integration , Digital Transformation , Fintech

What does your member onboarding process look like? How do you track member satisfaction through that experience? One of our clients recently approached us because this didn’t exist for their organization. The credit union had no idea what or when the touchpoints were or if the experience was positive for new members. This blog will […]

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Interview with Paul Makin: Mitigating Risk in Design for Instant and Inclusive Payment Systems
August 25, 2021

Interview with Paul Makin: Mitigating Risk in Design for Instant and Inclusive Payment Systems

in Financial Inclusion , Fintech , Mojaloop , Open Source , Payment Management

As part of the IIPS (Instant and Inclusive Payment Systems) certification course on Designing and Deploying Technology for IIP Systems, Steve Haley, Director of Economic Development, interviewed Paul Makin, Digital Finance and Identity Consultant, for his insights on mitigating risks associated with payment systems through design and oversight. Paul is one of the creators of […]

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Foundation for FinTech Innovation: Securely Sharing Customer Banking Data With GUIDs
August 3, 2021

Foundation for FinTech Innovation: Securely Sharing Customer Banking Data With GUIDs

in API Management , Banking Core Integration , Digital Transformation

Digital transformation can start with a relatively simple project. For some customers, that first project has come in the form of an online banking implementation or a Salesforce integration. One of our credit union customers recently started on its digital transformation journey with one of the simplest implementations – a connection to the digital lending […]

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Design User-Focused Onboarding That Drives Participation in Real-Time Payment Networks
July 20, 2021

Design User-Focused Onboarding That Drives Participation in Real-Time Payment Networks

in Financial Inclusion , Fintech

Connecting to and participating in real-time payment networks is one of the biggest challenges facing community financial institutions (CFIs) worldwide. Traditionally, CFIs have relied on banking core providers or consulting services to guide them through enabling a new payment network. However, vendor solutions and custom build integrations are too cost-prohibitive for smaller CFIs that lack […]

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