Category: Mojaloop


New Open Source Contribution – The Apache Camel Debugger
February 1, 2022

New Open Source Contribution – The Apache Camel Debugger

in Camel , Enterprise Integration , Open Source

PortX, the Integration Platform as a Service (IPaaS) for financial institutions, is built on the open source Apache Camel framework. When leveraged correctly, Camel rivals the capabilities of expensive enterprise integration platforms while delivering the critical flexibility and security required in the financial industry. However, developing a financial-grade yet user-friendly platform on this powerful, evolving […]

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Building Mojaloop – Part 1: How Open Source Creates Sustainable Value in Instant and Inclusive Payment Systems
January 18, 2022

Building Mojaloop – Part 1: How Open Source Creates Sustainable Value in Instant and Inclusive Payment Systems

in Financial Inclusion , Mojaloop , Open Source , Payment Management

ModusBox was recently added to Mojaloop’s new Business Directory, “a repository of businesses that understand and demonstrate the ability to deploy and maintain Mojaloop.” Only four and a half years ago, the Bill and Melinda Gates Foundation initiated a project with us to connect financial institutions via interoperable payment networks aligned with the foundation’s Level […]

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Mojaloop Business Hub Operations Documentation Now Available
December 9, 2021

Mojaloop Business Hub Operations Documentation Now Available

in Financial Inclusion , Mojaloop , Open Source , Uncategorized

We are excited to share that the first version of the Mojaloop business hub operations documentation is available for public consumption and comment. It has proven to be a helpful guide to understanding the operational business processes required of entities running a Mojaloop-based payment hub. This release compliments Mojaloop’s original Scheme Guide and is freely […]

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Demo: How to Connect Mambu to Fedwire Funds Service Using PortX
November 18, 2021

Demo: How to Connect Mambu to Fedwire Funds Service Using PortX

in Banking Core Integration , Fintech , Open Source , Payment Management

ModusBox recently announced a partnership with Mambu – the global fintech platform. At this year’s Money 20/20 event – the industry’s largest conference – we teamed up with our new partner to create a video illustrating the simplicity of connecting the Fedwire Funds Service to the Mambu core. We chose Fedwire because it is one […]

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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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