External Residential Mortgage Loan Originator

Modulr accelerates US expansion with Cogent Bank partnership. LONDON, UK and ORLANDO, Fla. (September 23, 2026) - Modulr, the payments automation platform built to scale, today announced further expansion in the United States through a strategic partnership with Cogent Bank. The partnership combines Modulr's payments automation platform with Cogent Bank's deep experience as a U.S. state-chartered, full-service community bank, giving businesses moving money in the U.S. access to multiple payment rails through a single streamlined platform tailored to their payments needs. It builds on Modulr's initial launch into the U.S. earlier this year, after it was selected by global financial technology leader FIS to provide next-generation payments technology to U.S. financial institutions. New market, same strong expertise The U.S. is one of the world's largest payments landscapes, with its B2B payments market alone valued at more than $460bn in 2025 and forecast to roughly double over the coming decade. Real-time payments are also reshaping how U.S. businesses move money according to latest data from U.S. payments networks: FedNow processed $853bn in 2025, a near-24x increase from 2024, while The Clearing House's real time payments (RTP) processed over $1.3 trillion in the same year. However, businesses in the U.S. today face the same challenges that Modulr set out to solve in the UK and Europe when it launched a decade ago, including a slow and fragmented payments ecosystem, operationally complex integrations, and a high-friction onboarding process. Modulr has deep experience building real-time payments infrastructure, supported by strong compliance and operational foundations, focused on removing this complexity - and can now roll this out in partnership with Cogent Bank. A bank built to scale with Modulr Modulr selected Cogent Bank as its U.S. partner based on its high growth as well as its investment in modern banking infrastructure. Since its founding in 2018, Cogent has grown from $85 million to more than $2.5 billion in assets, a 30x increase. Cogent's core infrastructure integrates directly with FIS's Money Movement Hub, giving Modulr customers access to a broad range of expanding payment features, such as the Automated Clearing House (ACH), RTP, and FedNow networks through a single, streamlined platform. Existing and new Modulr customers can open U.S. accounts and make same-day and standard pay-outs through an integrated platform, with routing automatically optimized for cost and speed. It is built for current Modulr customers scaling into the U.S., giving them one platform on both sides of the Atlantic, as well as U.S.-native platforms processing high volumes of payments in verticals like lending, earned wage access and payroll. "There has been a growing appetite from existing and prospect customers for us to provide our payments automation services in the U.S.," commented Myles Stephenson, Founder & CEO, Modulr, "and this, alongside the large gap in the U.S. market for automated, simplified payments, means we are well positioned for this next stage of growth through our partnership with Cogent Bank. Working with Cogent gives us nationwide reach from day one, with infrastructure built by our payments experts and supported in the U.S. through our strategic partnership with FIS." "We will begin piloting our U.S. platform with several key customers in earned wage access, lending and merchant services and will shortly expand into earned wage access and payroll, giving businesses the confidence, coverage and tools they need to scale across the U.S." "Our partnership with Modulr reflects our commitment to delivering innovative payment solutions that help businesses scale with confidence," said Barbara Negron, SVP, Managing Director, Embedded Finance & Partnerships at Cogent Bank. "By combining our modern banking infrastructure with Modulr's payments automation platform, we're making it easier for businesses to move money quickly, securely and efficiently." About Modulr Modulr is the payments automation platform built to scale, driving the future of finance operations by streamlining money movement with accuracy, control, and reliability. Through a single platform, Modulr automates how money moves into and out of a business - including payroll, supplier payments, spend management, and payment collection - which in turn removes manual work, lowers operational costs, and reduces errors. Backed by deep industry expertise, Modulr brings over a decade of experience as a regulated payments provider, delivering the reliability required to run mission-critical finance operations at scale. Processing more than 200m transactions and over £180bn in payment value on an annualised basis, Modulr is trusted by over 6,000 businesses, from fast-growing SMEs to global enterprises, including through a partnership with global financial technology leader FIS. About Cogent Bank Cogent Bank is a state-chartered bank that has operated as a full-service business and personal bank since it was founded in 2018. With over $1 billion in total assets Cogent offers multiple banking centers in North, Central and Southwest Florida. Cogent offers a broad range of lending, depository, treasury management and mobile banking services designed to meet the complex and diverse needs of its clients while staying focused on the local communities it serves. Cogent believes banking is personal and requires high-touch, innovative services designed to make managing financial transactions easier. Cogent pairs its financial expertise with a passion for learning more about its clients' goals and objectives. To learn more, visit www.cogentbank.net.

Modulr accelerates US expansion with Cogent Bank partnership. London, UK and Orlando, Fla.| 23 September 2026: Modulr, the payments automation platform built to scale, today announced further expansion in the United States through a strategic partnership with Cogent Bank. The partnership combines Modulr's payments automation platform with Cogent Bank's deep experience as a U.S. state-chartered, full-service community bank, giving businesses moving money in the U.S. access to multiple payment rails through a single streamlined platform tailored to their payments needs. It builds on Modulr's initial launch into the U.S. earlier this year, after it was selected by global financial technology leader FIS to provide next-generation payments technology to U.S. financial institutions. New market, same strong expertise The U.S. is one of the world's largest payments landscapes, with its B2B payments market alone valued at more than $460bn in 2025 and forecast to roughly double over the coming decade. Real-time payments are also reshaping how U.S. businesses move money according to latest data from U.S. payments networks: FedNow processed $853bn in 2025, a near-24x increase from 2024, while The Clearing House's real time payments (RTP) processed over $1.3 trillion in the same year. However, businesses in the U.S. today face the same challenges that Modulr set out to solve in the UK and Europe when it launched a decade ago, including a slow and fragmented payments ecosystem, operationally complex integrations, and a high-friction onboarding process. Modulr has deep experience building real-time payments infrastructure, supported by strong compliance and operational foundations, focused on removing this complexity - and can now roll this out in partnership with Cogent Bank. A bank built to scale with Modulr Modulr selected Cogent Bank as its U.S. partner based on its high growth as well as its investment in modern banking infrastructure. Since its founding in 2018, Cogent has grown from $85 million to more than $2.5 billion in assets, a 30x increase. Cogent's core infrastructure integrates directly with FIS's Money Movement Hub, giving Modulr customers access to a broad range of expanding payment features, such as the Automated Clearing House (ACH), RTP, and FedNow networks through a single, streamlined platform. Existing and new Modulr customers can open U.S. accounts and make same-day and standard pay-outs through an integrated platform, with routing automatically optimized for cost and speed. It is built for current Modulr customers scaling into the U.S., giving them one platform on both sides of the Atlantic, as well as U.S.-native platforms processing high volumes of payments in verticals like lending, earned wage access and payroll. "There has been a growing appetite from existing and prospect customers for us to provide our payments automation services in the U.S.," commented Myles Stephenson, Founder & CEO, Modulr, "and this, alongside the large gap in the U.S. market for automated, simplified payments, means we are well positioned for this next stage of growth through our partnership with Cogent Bank. Working with Cogent gives us nationwide reach from day one, with infrastructure built by our payments experts and supported in the U.S. through our strategic partnership with FIS." "We will begin piloting our U.S. platform with several key customers in earned wage access, lending and merchant services and will shortly expand into payroll, giving businesses the confidence, coverage and tools they need to scale across the U.S." "Our partnership with Modulr reflects our commitment to delivering innovative payment solutions that help businesses scale with confidence," said Barbara Negron, SVP, Managing Director, Embedded Finance & Partnerships at Cogent Bank. "By combining our modern banking infrastructure with Modulr's payments automation platform, we're making it easier for businesses to move money quickly, securely and efficiently." About Modulr. Modulr is the payments automation platform built to scale, driving the future of finance operations by streamlining money movement with accuracy, control, and reliability. Through a single platform, Modulr automates how money moves into and out of a business - including payroll, supplier payments, spend management, and payment collection - which in turn removes manual work, lowers operational costs, and reduces errors. Backed by deep industry expertise, Modulr brings over a decade of experience as a regulated payments provider, delivering the reliability required to run mission-critical finance operations at scale. Processing more than 200m transactions and over £180bn in payment value on an annualised basis, Modulr is trusted by over 6,000 businesses - from fast-growing SMEs to global enterprises - including through a partnership with global financial technology leader FIS. Modulr is authorised and regulated as an electronic money institution (EMI) in the UK by the Financial Conduct Authority (FCA) and in Europe by De Nederlandsche Bank (DNB). About Cogent Bank. Cogent Bank is a state-chartered bank that has operated as a full-service business and personal bank since it was founded in 2018. With over $1 billion in total assets Cogent offers multiple banking centers in North, Central and Southwest Florida. Cogent offers a broad range of lending, depository, treasury management and mobile banking services designed to meet the complex and diverse needs of its clients while staying focused on the local communities it serves. Cogent believes banking is personal and requires high-touch, innovative services designed to make managing financial transactions easier. Cogent pairs its financial expertise with a passion for learning more about its clients' goals and objectives. To learn more, visit www.cogentbank.net.