Full-Time
Operations Associate
Confirmed live in the last 24 hours
ModernFi
11-50 employees
Advisory services and fund allocation for banks
Junior, Mid
New York, NY, USA
You match the following ModernFi's candidate preferences
Employers are more likely to interview you if you match these preferences:
- 2 years of experience, including investment banking experience (experience at fintech company a plus)
- Strong project management, analytical and collaborative skills
- High level of organization and professionalism and comfort with data-driven practices
- Ability to handle nebulous problems and shifting priorities with flexibility, patience, positivity, and open mindedness
- High EQ, trustworthy, and calm under pressure
- Interest in financial systems, markets, and banking
- Design, implement, and optimize business operations across sales, onboarding, product, marketing, and internal teams.
- Collaborate with leadership to align stakeholders, launch product lines, and execute strategic plans effectively.
- Organize and facilitate core business planning activities, operating cadences, and engagement to achieve organizational goals.
- Prepare Board and investor materials and deliver data-driven presentations to influence strategic decisions.
- Analyze complex problems, identify solutions, and contribute to ModernFi’s operational excellence.
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 generates revenue through consulting and management fees rather than offering bank deposits. The company's goal is to simplify complex financial strategies for its clients, enabling them to navigate the financial markets effectively.
Company Size
11-50
Company Stage
Series A
Total Funding
$26.9M
Headquarters
New York City, New York
Founded
2022
Simplify's Take
What believers are saying
- Integration with Q2's platform enhances ModernFi's digital banking capabilities and client reach.
- Partnerships with credit unions expand ModernFi's market presence and deposit network.
- Recognition as a top fintech innovator boosts ModernFi's credibility and market appeal.
What critics are saying
- Increased competition from fintech companies may erode ModernFi's market share.
- Technical challenges with Q2 integration could affect client satisfaction and adoption.
- Regulatory scrutiny may increase compliance costs and operational challenges for ModernFi.
What makes ModernFi unique
- ModernFi offers a fully integrated, API-driven deposit network for financial institutions.
- The company provides extended deposit insurance through program institutions, enhancing depositor security.
- ModernFi's solutions simplify complex financial instruments for institutional clients, aiding compliance.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Company Equity
Growth & Insights and Company News
6 month growth
↑ 15%1 year growth
↑ 4%2 year growth
↑ 0%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
ModernFi is thrilled to announce our partnership with Tru Treasury to deliver transformative balance sheet management tools for credit unions.
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, 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
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