Modo Partners with Etihad Airways to Co-Create Loyalty Solution as part of the FinTech Abu Dhabi Innovation Challenge

DALLAS, Aug. 28, 2018 — Modo, the payments technology startup focused on creating interoperability between payment systems, today announced their partnership with the leading international airlines of the UAE, Etihad Airways, to co-create a unique loyalty solution for the airline industry as part of the FinTech Abu Dhabi Innovation Challenge (the Innovation Challenge). The annual Innovation Challenge, an […]

Finextra: Deutsche Bank buys stake in Modo to expand payments biz to non-bank platforms

Written by Finextra  Deutsche Bank has moved to beef up its transaction banking franchise through the acquisition of a stake in US startup ModoPayments. Terms of the deal were not disclosed. Founded in 2010, Dallas-based Modo works to reduce friction in the payments industry through technology that creates interoperability between systems, without needing changes to […]

PYMNTS: Deutsche Bank invests in Modo

Written by PYMNTS   Deutsche Bank announced that it has acquired an equity stake in Modo Payments, a payments technology company focusing on reducing friction in the payments industry. “Payments are the bloodline of banking. More and more global payments are executed electronically via FinTech and online platforms,” John Gibbons, head of global transaction banking at Deutsche […]

Finovate: Deutsche Bank Takes Equity Stake in Modo Payments

Written by Finovate Payments technology company Modo Payments announced this afternoon it received an equity investment from Deutsche Bank. The amount was undisclosed. Prior to today’s announcement, Modo had raised a total of $11.3 million since it was founded in 2010. The German bank plans to leverage Modo’s technology to expand its digital business-to-business and business-to-consumer payments. Specifically, Deutsche […]

Deutsche Bank takes stake in payments technology start-up Modo

Deutsche Bank to expand payments business to fast growing non-bank platforms. Focus on mobile wallets and peer-to-peer networks Deutsche Bank today announced that it has acquired an equity stake in US-based ModoPayments, LLC (Modo), an industry leader in digital payments innovation. In line with Deutsche Bank’s strategy to grow its transaction banking franchise, Modo’s technology […]

FinTech Firms On The New FinTech Charter

Modo CEO, Bruce Parker, spoke with PYMNTS about the recent US Department of Treasury report on supporting FinTech growth and innovation in the States.  Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to […]

Money20/20 Session: Corporates + Startups = Innovation

Some of our favorite #paymentsgeeks Bruce Parker, Founder & CEO of Modo, and Amy Neale from Mastercard took the Money20/20 Europe stage to speak on the importance of collaboration between startups and corporates. Amy is leading the charge for Mastercard’s very successful Start Path program that works with later stage startups. Modo was selected by […]

The Payments Plumber on Breaking Banks Podcast

Summary of an episode of the Breaking Banks Podcast   Bruce Parker, CEO of Modo, made an appearance last week on the Breaking Banks podcast hosted by Brett King. As Bruce joked, he was the Resident Payments Plumber for the show. You can listen to Bruce’s section of the podcast above, or read a summary of the […]

The Key to Interoperability is being Payment Event Driven

Bruce Parker, ModoPayments: Payments data is unique from other types of data as it has special security and compliance requirements How did the idea behind ModoPayments start? Modo started with a missed opportunity. Bruce Parker, a payments and business strategy expert for some of the largest financial companies in the world, was never called into a […]

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