Grow deposits and
depositor relationships
ModernFi helps financial institutions of all sizes provide access to
additional insurance* for depositors, source funding on demand,
manage their balance sheet, and grow revenue
Modern balance sheet management
for banks and credit unions
Leverage ModernFi's integrated suite of deposit products to better serve your
depositors, empower your operating teams, and grow net interest margin.
Deposit Network
Attract large-value depositors
and manage balance sheet size
ModernFi's Deposit Network enables you to provide access to extended deposit insurance to attract and retain large-value depositors, source overnight funding for liquidity, and sweep excess deposits to manage your balance sheet. ModernFi's software and integrations eliminate friction for depositors and operational burden for financial institutions.
Prospect Finder
Identify, contact, and win new large-value accounts
ModernFi’s Prospect Finder data helps you search for and identify new client and member opportunities across businesses, nonprofits, public funds, and large-balance individuals. Filter based on your exact requirements, get detailed contact and opportunity details, reach out to prospects, and win new relationships to grow your stable, low-cost funding.
Term Funding
Source cost-effective term
funding on demand
ModernFi's Term Funding software lets you source stable, efficient
funding to grow and manage your balance sheet. ModernFi provides
unparalleled insights into market pricing for brokered CDs, order fill,
and issued CDs to empower your liquidity and funding teams.
Testimonials from our partners
Everybody's running to find a resource to get some level of NCUA coverage on deposits, so finding ModernFi was literally a gift. We were very fortunate to stumble across [ModernFi] and you've been very helpful for us as we look to extend coverage to our depositors here at Royal.
The industry needs a next-generation solution for reciprocal deposits that is seamlessly integrated into online banking, built both API-first and cloud-native. ModernFi has built exactly that, at the exact right time and place.
Deposit management is a key priority for the banking sector right now. ModernFi's technology to streamline onboarding and operations for depositors and banks provides an innovative additional way for our industry to serve clients.
We've never had a tool or technology like ModernFi within the credit union system before. Deposit insurance is now important. [March 2023] was a wakeup call for folks. I look at deposit insurance like oxygen: you don't really realize it's there until it's gone.
*Insurance provided through program banks and credit unions (subject to certain conditions)
Stronger deposit growth at financial institutions that utilized sweep and reciprocal deposits in 2023 & 2024 compared to those that
did not.
Source: FFIEC Call Reports