Articles from Modern Treasury

Modern Treasury, the most trusted infrastructure for global money movement, today announced the acquisition of Beam, a stablecoin and fiat payment platform for customers like Sling Money. With the addition of Beam’s technology and team, Modern Treasury’s money movement platform now spans both traditional and stablecoin settlement rails.

Modern Treasury, the leading payment operations platform for businesses, today introduced Modern Treasury AI to deliver the first AI Platform purpose-built for the unique demands of enterprise payments. Built on the company’s industry-leading Payment Ops infrastructure, Modern Treasury AI blends a context-aware agent with a powerful, real-time workspace. Together, they set a new standard in how businesses manage payment operations, transitioning from manual, reactive processes to proactive, intelligent workflows.

Modern Treasury, the payment operations platform for the Instant Economy, today announced its partnership with Blankfactor. The U.S.-based IT services consulting firm and subsidiary of Globant specializes in Payments, Banking, and Capital Markets. This partnership builds upon an existing collaboration and will strengthen Modern Treasury's professional services offering, particularly for enterprise customers requiring specialized technical resources.

Modern Treasury, the leading payment operations platform built for the Instant Economy, and Brico, the first automated financial licensing platform, today announced a partnership to accelerate the shift to embedded payments. Together, they have a goal of helping joint customers seamlessly obtain and maintain money transmission licenses connected to payment operations data and infrastructure.

Modern Treasury, the leading payment operations platform built for the Instant Economy, today released survey results showing that the vast majority of companies continue to struggle with payment operations, leading to higher risk and operational cost, wasted employee time, and greater risk of audit errors.

Modern Treasury, the leading payment operations platform built for the Instant Economy, today announced the appointment of Paul Auvil as a new independent board member. Auvil is the former Chief Financial Officer (CFO) of VMware and Proofpoint. His addition to the Modern Treasury board enhances the strength of the CFO perspective, which is increasingly important as enterprises look to modernize their payment operations.

Modern Treasury, the leading payment operations platform built for the Instant Economy, today introduced new features to help businesses adapt to real-time financial operations. As consumer demand for immediate access to goods and services grows, businesses need faster, more efficient systems to track payments and respond to customer needs in real-time.

Modern Treasury, essential infrastructure for the new era of payments, today announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Bank and Wells Fargo.

Modern Treasury, essential infrastructure for the new era of payments, today introduced new innovations to its Reconciliation product and AI tools to help companies automate complex reconciliation challenges. Reconciliation is powered by the RISE engine, Modern Treasury’s proprietary technology that relays, integrates, structures, and enhances financial workflows; these refinements enable companies to reconcile with precision at scale.

Modern Treasury, the operating system for the new era of payments, announced its annual conference, “Transfer 2024: Beyond Payments,” to be held May 15, 2024, in San Francisco and virtually. The conference will bring together leaders and experts from across key economic sectors to discuss the future of money movement for businesses and the challenges and opportunities of modernizing financial infrastructure.

Modern Treasury, the operating system for the new era of payments, today announced the launch of its Professional Services offering to help enterprises scale modern payment infrastructure so they can innovate faster, reduce risk, and unlock new revenue.

Modern Treasury, the operating system for a new era of payments, was named to the 2024 Fintech Innovation 50, an annual list launched by GGV Capital U.S. in partnership with Crunchbase, to recognize the most promising fintech companies in the eyes of startup investors.

Modern Treasury, the operating system for the new era of payments, revealed today, at Money 20/20 in Las Vegas, how its new AI Reconciliation Suggestions tool will enhance reconciliation, increasing the efficiency of its platform and speed of cash reconciliation for customers.

Modern Treasury, the operating system for the new era of payments, announced today that it is joining the U.S. Bank Connected Partnership Network.

Modern Treasury, the operating system for the new era of payments, has joined J.P. Morgan’s Payments Partner Network. This ecosystem of end-to-end payment solutions is designed to meet business needs at any scale.

Modern Treasury, the operating system for the new era of payments, today released survey results from their annual The State of Payment Operations 2023 report showing that legacy payment operations continue to result in high rates of failed payments, slow payments, errors and lost time in finance departments to clean up issues.

Modern Treasury and BMO today announced the launch of a new innovative offering for shared commercial banking clients enabling them to seamlessly manage and track complex, high-volume payment flows. Geared toward businesses operating in the financial services, real estate software, insurance and healthcare industries, the solution combines BMO’s comprehensive suite of banking capabilities with Modern Treasury’s financial operating system for money movement and enables faster, more flexible payments, frictionless automated reconciliation, real-time financial data, pre-built reporting capabilities, and bespoke operational support.

Nacha Smarter Faster Payments 2023 -- Modern Treasury, the operating system for the new era of payments, today announced its expanded Reconciliation Engine, which automates and simplifies end-to-end cash reconciliation for businesses. This enhanced offering drives speed and efficiency, accelerates growth, reduces financial risk, and provides real-time insight into payment flows by enabling businesses to track and confirm their transactions as they happen.

Modern Treasury, the operating system for the new era of payments, and Silicon Valley Bank, today announced the availability of a new global payment solution, which will allow mutual clients to send cross-border payments more efficiently, predictably, and at a lower cost by leveraging local payment rails.

Modern Treasury, the operating system for the new era of payments, was named to the Embedded Fintech 50, a list launched by GGV Capital in partnership with Crunchbase, to recognize the most promising fintech companies in the eyes of startup investors.

Modern Treasury, the operating system for the new era of payments, today announced Craig Nile as Chief Revenue Officer to lead the company's continuing push into enterprises.

Goldman Sachs (NYSE:GS) is recognizing Modern Treasury CEO and Co-Founder Dimitri Dadiomov as one of the most Exceptional Entrepreneurs of 2022 at its two-day Builders and Innovators Summit in Healdsburg, Calif.

Modern Treasury, a software platform that helps companies modernize money movement, released new research today, conducted by the Harris Poll, showing that 88% of financial decision makers feel that their company faces problems with their payment operations given high rates of payment failures, returns or refunds, a low rate of accurate payment reconciliation, and data quality errors.

Modern Treasury, a software platform that helps companies modernize money movement, and Goldman Sachs Transaction Banking (TxB) today announced a partnership to accelerate the shift to embedded payments, helping joint customers seamlessly embed and scale domestic and international payments into their products to drive growth.

Modern Treasury, a software platform that helps companies of all sizes modernize money movement, today announced its Compliance product at the Smarter Faster Payments Conference 2022 hosted by Nacha. This addition to the Modern Treasury payment operations platform helps companies set up compliant payment programs without the heavy lifting typically required.

Modern Treasury, a software platform that helps companies of all sizes move money with confidence, today announced a $50 million second close of its Series C round from SVB Capital and Salesforce Ventures, following the $85 million first close announced in October. Together this amounts to a total of $135 million raised in the round with a valuation of more than $2 billion.

More than four in five companies (84%) face payment operations problems such as slow payments, a high rate of payment failures, returns and refunds and data quality errors, all of which result in wasted time for finance teams, indicate the results of a first-of-its kind survey released today by payment operations software provider, Modern Treasury.

Modern Treasury, a payments operations software provider, and Metropolitan Commercial Bank, (MCB), a leading bank focused on the most entrepreneurial platforms and marketplaces, today announced a new integration for automated payment operations that simplifies the management of the entire cycle of money movement.

Modern Treasury, a payments operations software platform, today announced its Virtual Accounts product to make it easy for companies to quickly and accurately track and reconcile payments at scale.

Modern Treasury, a payments operations software provider, today announced an $85 million Series C funding round led by Altimeter Capital, with participation from existing investors Benchmark and Quiet Capital.

Modern Treasury, a payments operations software provider, today announced that Shruthi Murthy joined the team as head of engineering. The company also announced the opening of a new office in San Francisco.

Modern Treasury, a payments operations software provider, and Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today announced a referral agreement and new integration for automated payment operations to simplify the management of the entire cycle of money movement for fast-growing companies.

Modern Treasury, a leading payment operations software provider, today announced that in March it reconciled more than $1 billion in business-initiated payments for the first time, up from $100 million a month in August 2020.