Reminder: an upgraded NBID Admin Portal is coming July 19. | Upgraded Admin Portal Launches July 19 July 16, 2026 | | On Sunday, July 19, ModernFi, Inc. is launching an upgraded Admin Portal for the NBID network. In light of the 21st Century ROAD to Housing Act, reciprocal deposits have been solidified as critical infrastructure and the long-term solution for banks to insure large-balance depositors. NBID was founded with the belief that this infrastructure should be owned and managed by the banks that power it, and that Insured Sweep Accounts are your product, not a third-party vendor's. The improvements to the Admin Portal further deliver on that premise. Bank-Owned, Bank-Branded Infrastructure You will now be able to white-label your depositors' experience directly from the Admin Portal with your bank's logo, colors, and custom web address (e.g., yourbank.nbid.com). Configure these elements starting July 20th and they will take effect as soon as the following week when the updated Depositor Portal is launched. Depositor access will still be possible through accounts.modernfi.com with no changes necessary. What Else is New? * New address: Starting Monday, July 20, you can access the Admin Portal through portal.nbid.com, the network's new default domain, though access is still possible through portal.modernfi.com with no changes necessary. * Floating & tiered rates: Configure floating and tiered interest rate schedules for your sweep program directly in the portal. * A faster, refreshed portal: The portal has been rebuilt from the ground up. You'll find the same screens, tools, and workflows you use today, just faster and more responsive. * Ability to edit and rearrange table views, and save them to your preferences. What's Not Changing? * Your login: Your existing email, password, and MFA setup carry over. No password reset is required. If your institution uses SSO, that experience continues uninterrupted. * Your workflows: Every page and function you use today is preserved. When Will This Happen? * Sunday, July 19 (evening): Brief maintenance window while ModernFi, Inc. complete the upgrade * Monday, July 20: New portal live at portal.nbid.com * Week of July 26: Upgraded Depositor Portal launches (separate communication to follow) If you have any questions, please reach out to your Regional Director or [email protected]. | | NBID LLC is not a bank. Deposit insurance covers the failure of insured institutions, not NBID. Deposits are placed at FDIC-insured network institutions and are eligible for pass-through insurance up to $250,000 per institution. Certain conditions must be satisfied for "pass-through" FDIC deposit insurance coverage to apply. A list of participating banks appears at nbid.com/bank-list. | | View Email in Browser NBID · 386 Park Avenue South · 9th Floor · New York, NY 10016 · USA Unsubscribe Here

Experienced regulator and risk leader, Gale Simons-Poole, joins modernfi as Head of Regulatory Affairs. Longtime regulatory leader to further strengthen ModernFi's financial services governance, risk management, and regulatory relationships as the company continues to scale NEW YORK, NY - ModernFi, the leading technology provider for deposit management, today announced the appointment of Gale Simons-Poole, a distinguished leader in financial risk management and regulatory oversight, as Head of Regulatory Affairs. Mrs. Simons-Poole most recently served as Chief Risk Officer at BHG Financial, where she led regulatory and compliance matters for BHG lending programs and scaled BHG's enterprise risk program. Prior to BHG, she spent seven years with Promontory Financial Group, advising bank clients from community to money center banks, nonbank lenders, fintech companies, and financial services organizations. Gale's extensive experience in bank supervision includes 24 years with the Federal Deposit Insurance Corporation (FDIC) where she was a Deputy Regional Director in Risk Management Supervision. In this capacity, she oversaw risk management for several southeastern states and gained recognition for her expertise in supervisory and compliance matters. "I am thrilled to join the ModernFi team at this critical time as the company scales its deposit network services with hundreds of financial institutions," said Mrs. Simons-Poole. "I look forward to further strengthening ModernFi's regulatory relationships and risk programs and building on the company's mission to help financial institutions compete, grow, and thrive in an ever evolving regulatory landscape." Mrs. Simons-Poole joins a team deeply focused on delivering the highest standards of compliance, governance, and safety. She will work closely with current ModernFi board advisors and former regulators, Rodney Hood, former Acting Comptroller of the Currency and former NCUA Chairman, and Gene Ludwig, 27th Comptroller of the Currency, to further deepen ModernFi's compliance and regulatory framework. Through her time working with banks at the FDIC and Promontory, she has gained unique insight into the challenges financial institutions face of managing business risk and evolving technology solutions. "Gale's deep regulatory and industry experience will be invaluable as ModernFi's growth continues to accelerate," said Paolo Bertolotti, Cofounder and CEO of ModernFi. "She brings extensive knowledge of portfolio management, regulatory supervision, and enterprise risk management. We are beyond excited to welcome Gale to the team and for her to continue our focus on advancing our compliance and regulatory affairs within the financial services ecosystem." During her time with the FDIC, she completed Harvard's John F Kennedy School of Government Federal Executive Leadership Program and the FDIC's Women's Executive Leadership Program. Gale holds an MBA from Louisiana Tech University and a bachelor's degree from Black Hills State University. About ModernFi ModernFi empowers financial institutions of all sizes to better serve their communities. Through ModernFi, banks and credit unions can grow, retain, and manage their deposit base by sourcing deposits, sweeping funds, and providing additional security to depositors. Backed by Canapi, Andreessen Horowitz, ICE, and leading banks and credit unions, the firm provides financial institutions with market-leading deposit management built on a modern tech stack and a foundation of compliance. Learn more at modernfi.com. Media ModernFi [email protected]