A fully integrated deposit network to improve your margins
Attract large-value depositors with a modern digital experience and access to extended insurance*, source funding on demand, and sweep excess liquidity to enhance balance sheet health and net interest margin
Grow deposits and customer relationships
Attract new customers with seamless access to extended deposit insurance*, a powerful non-rate value proposition
Retain key accounts and minimize runoff
Provide additional insurance* to strengthen relationships, trust, and security with your largest clients
Manage your deposit base and balance sheet
Source overnight and term funding on demand and sweep excess liquidity to strategically manage your balance sheet
Power stronger deposit growth with a modern digital experience
ModernFi integrates directly into your existing digital banking platform to provide a frictionless experience for your customers. ModernFi’s APIs and software for end-to-end program management remove operational burden for your team.
A deposit command center for your team
Sweep, reciprocate, and receive deposits on demand. Through ModernFi’s APIs and software, your team can easily manage your balance sheet, deposit programs, and accounts.
Manage your program through a powerful online admin portal
View and manage depositors, banks in network, and allocations
Set and monitor deposits retained on-balance sheet and deposits swept off-balance sheet
Track rates, transactions, activity, and reporting
A frictionless digital experience for your customers
Grow and retain large-value customers with seamless access to extended insurance*. ModernFi integrates directly into your existing digital banking platform so your customers can easily open, view, and manage their accounts.
Depositors can open accounts through your existing digital banking platform
Depositors can execute contracts directly on mobile or online
Depositors see their full balances and allocations within your digital banking application
Depositors can withdraw, deposit, and transfer funds on mobile or online
Services
Provide extended insurance to depositors through program institutions, receive deposits on demand, and sweep excess funds to grow and optimize your deposit base.
Reciprocate deposits to grow and retain funding
Reciprocate (exchange) deposits with other institutions to attract and retain large-value clients by providing extended insurance through program institutions
Receive deposits on demand for liquidity
Source stable, cost-effective deposits on demand to shore up liquidity and power asset origination. ModernFi supports both overnight and term funding
Sweep excess deposits to improve health
Sweep undeployed deposits to other institutions to potentially earn fee income, improve performance metrics, and manage balance sheet health
Compliance
Built on a foundation of compliance, regulatory respect, and disciplined operations
Regulatory Adherence
ModernFi maintains compliance with interagency guidance on risk management for third-party relationships
Operational Resilience
ModernFi has partnered with a systemically important financial institution as its qualified custodian to hold and transfer deposits
Information Security
ModernFi is SOC 2 certified, which ensures the firm meets strict standards for data protection, infosec, and identity / access management
Truth in Numbers
42% of all banks rely on sweep and reciprocal deposits for growth and retention.
Source: FFIEC Call Reports
