ModernFi focuses on funding markets and asset liability management in the banking sector by allocating funds to FDIC-member banks. It provides advisory services to institutional clients, helping them manage their funding needs and optimize their balance sheets. Unlike traditional banks, ModernFi does not offer deposits or guarantees but simplifies complex financial strategies through insights and educational materials. The company's goal is to add value to its clients by navigating the complexities of financial markets and ensuring compliance with regulatory requirements.

Andreessen Horowitz

Huntington National Bank

Regions Financial Corporation

Remarkable Ventures

First Horizon Bank

Canapi

Fintech

Financial Services

ModernFi

ModernFi is thrilled to announce our partnership with Tru Treasury to deliver transformative balance sheet management tools for credit unions.

ModernFi Announces Partnership with Tru Treasury to Support Credit Union Growth in Business Banking

ModernFi, the leading technology provider for deposit management, has partnered with Members Development Company (MDC) to create the first deposit network for credit unions.

ModernFi and Members Development Company Announce Partnership to Support the First Deposit Network for Credit Unions

ModernFi CUSO, the preeminent solution for credit union deposit and member growth, is proud to announce the close of its latest funding with new inves

Leading Credit Unions Fund ModernFi CUSO to Drive Deposit Growth via the First Credit Union Deposit Network

ModernFi, the first fully integrated and API-driven deposit network, today announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. This end-to-end integration, bringing sweep and reciprocal programs directly into digital banking, aims to eliminate friction for depositors and bank operating teams and drive adoption of these crucial programs throughout the industry.Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for financial services. As part of the Q2 Partner Accelerator Program, financial institutions will be able to offer ModernFi’s digitally integrated insured sweep accounts to provide their highest-value customers extended deposit insurance via the Q2 Digital Banking Platform. ModernFi helps financial institutions strengthen the insured composition of their balance sheets and compete for depositors that might otherwise go to the largest competitors or leave the banking sector entirely.ModernFi’s integration with the Q2 Digital Banking Platform offers an attractive, non-rate solution for financial institutions to grow deposits and bolster the strength of their balance sheets, a top concern for both banks and credit unions. The integration is key for financial institutions that are used to running these under-utilized sweep and reciprocal programs manually through paperwork, phone calls, and emails

Modernfi Announces Integration With Q2'S Digital Banking Platform

Through ModernFi’s first-of-its-kind fully integrated deposit network, banks and credit unions can now offer accounts with extended deposit insurance directly through Q2’s Digital Banking Platform to help grow, retain, and manage their deposit base.NEW YORK, June 03, 2024--(BUSINESS WIRE)--ModernFi, the first fully integrated and API-driven deposit network, today announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. This end-to-end integration, bringing sweep and reciprocal programs directly into digital banking, aims to eliminate friction for depositors and bank operating teams and drive adoption of these crucial programs throughout the industry.Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for financial services. As part of the Q2 Partner Accelerator Program, financial institutions will be able to offer ModernFi’s digitally integrated insured sweep accounts to provide their highest-value customers extended deposit insurance via the Q2 Digital Banking Platform. ModernFi helps financial institutions strengthen the insured composition of their balance sheets and compete for depositors that might otherwise go to the largest competitors or leave the banking sector entirely.ModernFi’s integration with the Q2 Digital Banking Platform offers an attractive, non-rate solution for financial institutions to grow deposits and bolster the strength of their balance sheets, a top concern for both banks and credit unions. The integration is key for financial institutions that are used to running these under-utilized sweep and reciprocal programs manually through paperwork, phone calls, and emails

NEW YORK--(BUSINESS WIRE)--ModernFi, the leading technology provider for deposit management, is delighted to announce that the Honorable Rodney E. Hood has joined the firm as a Board Observer and Advisor. The ModernFi team is honored to work alongside Mr. Hood as the company brings a modern deposit network solution to credit unions for the first time, supporting the safety and soundness of the credit union ecosystem. As the former Chairman of the National Credit Union Administration (NCUA), Mr. Hood brings a deep range of experience and industry knowledge to the ModernFi team

Modernfi Welcomes Rodney Hood, Former Ncua Chairman, To Its Board As It Launches The First Deposit Network For Credit Unions

NEW YORK--(BUSINESS WIRE)--ModernFi, the leading technology provider of deposit management for banks and credit unions, has earned recognition from both Fast Company and GGV Capital for continuing to innovate in the fintech space. ModernFi was named to Fast Company’s list of the World’s Most Innovative Companies for 2024, and was ranked the sixth most innovative company in the finance category. ModernFi was also named to the GGV Capital Fintech Innovation 50, which recognizes the 50 most promising fintech companies as determined by investors. Since its inception, ModernFi has been fully focused on helping financial institutions of all sizes grow, retain, and manage their deposits. The high interest rate environment and bank stress in 2023 have left banks and credit unions seeking new, innovative and non-rate driven solutions to power deposit growth and retention. ModernFi offers a fully integrated and API-driven deposit network that allows financial institutions to sweep funds, source deposits, and provide extended insurance to depositors through program institutions

Modernfi Receives Honors For Fintech Innovation

ModernFi was named to Fast Company's list of the World's Most Innovative Companies for 2024, and was ranked the sixth most innovative company in the finance category.

ModernFi Receives Honors for Fintech Innovation

US regional banks, Huntington National, First Horizon, and Regions, have joined an $18.7 million Series B round in deposit network ModernFi.

US regional banks join $18.7 million round in ModernFi

ModernFi, NYC-based company providing a deposit network for banks, raised $18.7M in Series A funding

ModernFi Raises $18.7M in Series A Funding

Advisory services for funding markets management

ModernFi

Advisory services for funding markets management

ModernFi

Advisory services for funding markets management

About

Simplify's Take

What believers are saying

What critics are saying

What makes ModernFi unique

6 month growth

1 year growth

2 year growth

Benefits

Recently Posted Jobs

ModernFi is Hiring for 0 Jobs on Simplify!