UST Acquires Modus Information Systems to Strengthen Core Banking Services in Emerging Markets | Machine Maker – Latest Manufacturing News | Indian Manufacturing News – Latest Manufacturing News | Indian Manufacturing News

Global technology solutions provider UST has announced the acquisition of Modus Information Systems Private Limited, a Bengaluru-based company known for its expertise in core banking implementation. The move is part of UST’s broader strategy to expand its capabilities in the financial services sector and increase its footprint across fast-growing markets in the Global South.

Modus, established in 2003, has built a strong reputation for its work with banks in India and neighboring regions, specializing in the deployment and support of leading core banking platforms. The company’s team of nearly 340 professionals brings deep domain knowledge and a track record of successful partnerships, including its role as a Finacle Value Partner.

By bringing Modus into its fold, UST enhances its capacity to deliver integrated banking solutions, combining Modus’ sector expertise with UST’s strengths in AI, cloud platforms, and digital engineering. This integration will allow UST to support financial institutions with more scalable, agile, and secure systems that are essential for modern banking operations. The acquisition also aligns with UST’s BanktrUST platform—its Banking-as-a-Service (BaaS) offering—and accelerates its mission to support banks in delivering better digital experiences, expanding financial inclusion, and navigating evolving regulatory requirements.

KL Mohan Kumar, CEO of Modus, commented “Joining UST marks a new chapter for our team. This partnership enables us to expand the scope of services we provide and scale our operations globally. With UST’s backing, we can now offer our clients end-to-end technology solutions across application services, cybersecurity, infrastructure, and system integration.”

Kaushal Tripathi, Chief Growth Officer at UST, added “Rapid economic development and growing financial ecosystems in the Global South are creating strong demand for digital banking transformation. Modus has played a key role in modernizing core banking systems in India. Through this acquisition, we are better equipped to serve a broader market, enabling banks to modernize faster, operate more efficiently, and deliver inclusive, secure digital services.”

With increasing emphasis on financial access, digital resilience, and user-centric banking experiences, this acquisition strengthens UST’s position as a technology partner of choice for banks operating in high-growth economies. Modus will continue to operate from its headquarters in Bengaluru, now serving as a core part of UST’s global financial services business unit. Financial terms of the transaction have not been disclosed.

Founded over two decades ago, UST is a global technology solutions company that partners with leading organizations to drive digital transformation at scale. Through a combination of AI, data platforms, cloud technologies, and industry expertise, UST delivers innovative solutions that enable long-term growth and resilience for clients across sectors.