Modern Treasury, a Fintech powering payments as well as other services, has announced that it is now supporting Goldman Sachs and HSBC clients.
According to an update posted today, Modern Treasury said:
“We have now added support for HSBC customers in the United Kingdom. We are currently able to support BACS credits and debits, and CHAPS wire payments. As we do with every supported bank, Modern Treasury will also pull previous-day information, so balances and transactions within the dashboard and API are kept up-to-date.”
Regarding Goldman customers, Modern Treasury stated:
“We have now added support for Goldman Sachs customers. We are currently able to support ACH and wire payments, and Virtual Accounts to automate incoming payments attribution. As we do with every supported bank, Modern Treasury will also pull previous-day information, so balances and transactions within the dashboard and API are kept up-to-date.”
Modern Treasury provides services to neobanks and retail investing apps as well as online lending, payables, and accounts receivable. It also works with blockchain firms like BlockFi that requires “an ACH solution that provides real-time payment status updates that could be surfaced in the app. The company reports over $2 billion reconciled each month including fiat to crypto.
Modern Treasury was founded by former Kiavi (LendingHome) execs who were responsible for the payment systems. According to their website, the founders saw an opportunity to bring a “better, scalable solution to the thousands of companies dealing with dated and often under-supported payment operations processes.”
