ModernFi

ModernFi is a fintech company that offers a deposit management platform designed for financial institutions, including banks and credit unions. The company focuses on enhancing balance sheet management through technology-driven solutions, helping institutions grow, retain, and manage deposits effectively. ModernFi operates reciprocal deposit networks, such as the National Bank InterDeposit Company (NBID) for banks and a CUSO network for credit unions, providing access to FDIC insurance across network institutions. The company's core offerings include a deposit network that attracts large-value depositors, term funding software for sourcing stable funding, and seamless software integrations that streamline balance sheet management. ModernFi also publishes "ModernFi Insights," a biweekly publication that provides valuable information on banking and funding markets. With a network of over 350 institutions across all 50 US states, ModernFi is recognized for its commitment to customer success and trusted partnerships within the financial sector.