Category: Banking


4 Digital Essentials for Microfinance to Survive the Economic Rainy Season
May 22, 2020

4 Digital Essentials for Microfinance to Survive the Economic Rainy Season

by Drew Johnson in Banking , Financial Inclusion , Payments 0 comments

The microfinance industry is in trouble. And, along with it, the funding of nearly 140 million businesses representing nearly half of jobs worldwide. This is a global crisis that is, unfortunately, flying under the radar. Microfinance is a high-touch industry. Loans are initiated in-person. Loans are collected in-person. During the current stay-at-home orders seen around […]

Read More
Community Bank Customer Relationships Hinge on Digital Payment Offerings
April 24, 2020

Community Bank Customer Relationships Hinge on Digital Payment Offerings

by Anand Sangtani in Banking , Digital Transformation , Fintech , Payments 0 comments

In the post-COVID-19 world, digital payment channels like Zelle, Gpay, and Venmo are now more critical then ever to driving new revenue channels and positive customer interactions. Even before COVID-19, the demand for real-time payments was on the rise among consumers. A recent survey showed that over 30% of American adults are considering or have […]

Read More
How Everyday Fees Quietly Stifle Financial Inclusion
March 3, 2020

How Everyday Fees Quietly Stifle Financial Inclusion

by Tanner Taddeo in Banking , Financial Inclusion , Mojaloop , Payments 0 comments

Transaction fees. Processing fees. Wiring fees.  We’ve all seen the “minimum purchase with credit card” sign at the local restaurant, gas station, or any other business that offers low-cost, low-margin goods. Have you ever asked yourself why these signs exist? Fees. Shop owners cover the cost of transaction fees by requiring a minimum amount for […]

Read More
NCR Thrive Conference Wrap-Up
October 4, 2019

NCR Thrive Conference Wrap-Up

by Jay Vandegriff in Banking , Events 0 comments

ModusBox is proud to have participated as an integration partner at the NCR Thrive Conference in Atlanta Georgia, Sept. 10-12!   The conference was successful at getting the message to over 500 participants from Community Financial Institutions across the USA. NCR Digital Banking is not only relevant but continues to lead the way toward open […]

Read More
Crushed by the Core: Community Banks Need A New Path to Better Customer Experiences
September 24, 2019

Crushed by the Core: Community Banks Need A New Path to Better Customer Experiences

by Dawn Kuczwara in Banking , Digital Transformation 0 comments

Recently, the Wall Street Journal wrote a piece on the challenges that community banks face using a core banking technology provider. Frustrated with the speed and service of “the core” – as these providers are known by financial institutions (FIs) – community banks and credit unions, are looking for alternatives that will help them meet […]

Read More