diff --git a/ci/travis/install-dependencies.sh b/ci/travis/install-dependencies.sh
index 4acf98501..20ff2e64d 100755
--- a/ci/travis/install-dependencies.sh
+++ b/ci/travis/install-dependencies.sh
@@ -24,7 +24,7 @@ if [[ "$PYTHON" == "2.7" ]] && [[ "$platform" == "linux" ]]; then
   wget https://repo.continuum.io/miniconda/Miniconda2-4.5.4-Linux-x86_64.sh -O miniconda.sh -nv
   bash miniconda.sh -b -p $HOME/miniconda
   export PATH="$HOME/miniconda/bin:$PATH"
-  pip install -q scipy tensorflow cython==0.29.0 gym opencv-python-headless pyyaml pandas==0.23.4 requests \
+  pip install -q scipy tensorflow cython==0.29.0 gym opencv-python-headless pyyaml pandas==0.24.2 requests \
     feather-format lxml openpyxl xlrd py-spy setproctitle faulthandler pytest-timeout mock flaky networkx tabulate psutil
 elif [[ "$PYTHON" == "3.5" ]] && [[ "$platform" == "linux" ]]; then
   sudo apt-get update
@@ -33,21 +33,21 @@ elif [[ "$PYTHON" == "3.5" ]] && [[ "$platform" == "linux" ]]; then
   wget https://repo.continuum.io/miniconda/Miniconda3-4.5.4-Linux-x86_64.sh -O miniconda.sh -nv
   bash miniconda.sh -b -p $HOME/miniconda
   export PATH="$HOME/miniconda/bin:$PATH"
-  pip install -q scipy tensorflow cython==0.29.0 gym opencv-python-headless pyyaml pandas==0.23.4 requests \
+  pip install -q scipy tensorflow cython==0.29.0 gym opencv-python-headless pyyaml pandas==0.24.2 requests \
     feather-format lxml openpyxl xlrd py-spy setproctitle pytest-timeout flaky networkx tabulate psutil aiohttp
 elif [[ "$PYTHON" == "2.7" ]] && [[ "$platform" == "macosx" ]]; then
   # Install miniconda.
   wget https://repo.continuum.io/miniconda/Miniconda2-4.5.4-MacOSX-x86_64.sh -O miniconda.sh -nv
   bash miniconda.sh -b -p $HOME/miniconda
   export PATH="$HOME/miniconda/bin:$PATH"
-  pip install -q cython==0.29.0 tensorflow gym opencv-python-headless pyyaml pandas==0.23.4 requests \
+  pip install -q cython==0.29.0 tensorflow gym opencv-python-headless pyyaml pandas==0.24.2 requests \
     feather-format lxml openpyxl xlrd py-spy setproctitle faulthandler pytest-timeout mock flaky networkx tabulate psutil
 elif [[ "$PYTHON" == "3.5" ]] && [[ "$platform" == "macosx" ]]; then
   # Install miniconda.
   wget https://repo.continuum.io/miniconda/Miniconda3-4.5.4-MacOSX-x86_64.sh -O miniconda.sh -nv
   bash miniconda.sh -b -p $HOME/miniconda
   export PATH="$HOME/miniconda/bin:$PATH"
-  pip install -q cython==0.29.0 tensorflow gym opencv-python-headless pyyaml pandas==0.23.4 requests \
+  pip install -q cython==0.29.0 tensorflow gym opencv-python-headless pyyaml pandas==0.24.2 requests \
     feather-format lxml openpyxl xlrd py-spy setproctitle pytest-timeout flaky networkx tabulate psutil aiohttp
 elif [[ "$LINT" == "1" ]]; then
   sudo apt-get update
diff --git a/thirdparty/scripts/build_modin.sh b/thirdparty/scripts/build_modin.sh
index 9102d8887..0ab71e317 100755
--- a/thirdparty/scripts/build_modin.sh
+++ b/thirdparty/scripts/build_modin.sh
@@ -14,7 +14,7 @@ fi
 PYTHON_VERSION="$($PYTHON_EXECUTABLE -c 'import sys; print(sys.version_info[0])')"
 
 TP_DIR=$(cd "$(dirname "${BASH_SOURCE:-$0}")"; pwd)/../
-MODIN_VERSION=0.3.1
+MODIN_VERSION=0.5.0
 MODIN_WHEELS_FNAME="modin-$MODIN_VERSION-py$PYTHON_VERSION-none-any.whl"
 MODIN_WHEELS_URL="https://github.com/modin-project/modin/releases/download/v$MODIN_VERSION/"