UST acquires Bengaluru-based Modus Information Systems

KL Mohan Kumar, Chief Executive Officer, Information Systems Mode

Leading AI and technology transformation solutions company UST has acquired Bengaluru-based Modus Information Systems for an undisclosed amount. The company says this acquisition will help strengthen its position in the financial sector.

Modus is a core banking implementation partner serving banks primarily in India and the Global South. As banks accelerate digital transformation and core modernization, this acquisition would put UST into an orbit from which it could respond to the growing demand for scalable, future-proof banking solutions.

Part of the UST practice

The Modus team of approximately 340 experienced professionals brings deep expertise in implementing and supporting leading banking solutions. According to available information, Modus employees, services and expertise will be offered from Bengaluru as part of UST’s larger global financial services practice.

This acquisition not only strengthens but also aligns UST’s position in the growing core banking software market BanktrUSTthe Banking-as-a-Service utility, a company spokesperson said.

Finacle Value Partner

Modus has a history of success and innovation dating back to 2003, and as a Finacle Value Partner, the partnerships and proven ability to work with leading platform companies are expected to significantly enhance UST’s capabilities. By combining UST’s strengths in AI and platform engineering with Modus’ deep domain expertise, the company aims to deliver differentiated value to banking customers around the world.

KL Mohan Kumar, Chief Executive Officer of Modus, said the acquisition is a defining moment for his company. “By joining forces with UST, we can expand our capabilities and offer customers a broader, more powerful suite of services,” he said.

Measurable volumes

By becoming part of the UST family, Modus will significantly increase its ability to deliver solutions at greater scale, speed and depth, especially in the areas of key application services; domain-oriented technology solution; infosecurity and cybersecurity; platform and hosting services; and system integration. “Together we will drive greater innovation, flexibility and measurable business results,” Kumar added.

Kaushal Tripathi, Chief Growth Officer, UST

Kaushal Tripathi, Chief Growth Officer of UST, said that India and the rest of the Global South have been experiencing rapid economic growth for more than a decade, and this long-term trend is likely to continue. The banks in these markets have correspondingly grown both in size and in absolute numbers.

Moving case

Increasing financial inclusion, coupled with large unbanked and unbanked populations, means that these growth rates will be sustainable in the longer term. A growing and maturing telecom infrastructure, combined with evolving expectations and regulatory changes, makes a compelling case for banks to invest in core banking technologies and broader digital transformation initiatives, Tripathi noted.

Core bench space

Modus has been transforming the premier banking landscape in India for over two decades. The acquisition will enable UST to holistically meet the increased demand associated with the growth of the financial sector, while maintaining high customer experience standards; efficiency; and compliance needs. “Together, UST and Modus will redefine how banks in emerging markets approach modernization, enabling faster innovation, deeper financial inclusion and more resilient digital ecosystems,” he added.

Published on October 9, 2025