UST has made a significant move in the global banking technology space with its acquisition of Modus Information Systems. This strategic deal aims to boost UST’s core banking capabilities, especially in emerging markets in the Global South. As digital transformation accelerates in the banking sector, this acquisition positions UST for further success.
How UST’s Modus Acquisition Boosts Banking Solutions
The acquisition of Modus, a Bengaluru-based core banking implementation partner, will enable UST to deliver more scalable, future-ready banking solutions. Modus brings a team of around 340 experts with deep core banking knowledge and a strong track record in the Indian and international markets. By integrating these resources, UST plans to offer end-to-end services to banks seeking digital modernization and operational excellence.
Strengthening UST’s Presence in Emerging Global Markets
With banks across the Global South expanding rapidly, UST is focusing on supporting this growth. The company’s enhanced capabilities, thanks to Modus, will help address increasing demands for financial inclusion and robust digital infrastructure. UST’s proven expertise in AI and technology, combined with Modus’s domain-centric approach, will allow them to deliver measurable business outcomes and increase their footprint in high-growth regions.
Innovative Core Banking Services for the Digital Future
This acquisition aligns with UST’s BanktrUST Banking-as-a-Service platform and accelerates the company’s strategy to provide comprehensive digital solutions. Modus has been at the forefront of core banking transformation, especially in India. Together, the two companies will offer advanced application services, cybersecurity, platform hosting, and system integration—key to building resilient digital ecosystems for banks in emerging markets.
In summary, the UST acquisition of Modus marks a pivotal step in reshaping digital banking across emerging economies. By blending their technological and domain expertise, UST is poised to lead innovation, drive deeper financial inclusion, and set new standards for digital transformation in the global financial sector.
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