Modern Treasury

““This has solved a real operational challenge for us. We are now able to send money back in less than two weeks to 95 percent of our investors.””

““From a tech perspective, it simplifies operations a lot that we just need to go into one developer site, regardless of which bank institution we're using for payments.””

““Now, we don't need to think about somebody going into the bank portal and creating all these payments inefficiently—we can do that programmatically.””

““Modern Treasury lets us do all of this in an automated and secure way,””

““Without Modern Treasury, we would not be able to finalize this last step of being able to send money across different entities and across different banks.””

““Modern Treasury simplifies the process so much—every time we need to do a payment order, we just use the same API endpoints rather than having to develop something specific for Goldman Sachs, or another bank.””

“The team at Modern Treasury proved me wrong, and I'm happy that they did.”

“I have only good things to say about Modern Treasury. The API and the documentation are straightforward and easy to understand, and it's also easy to test in the sandbox environment.”

“When we use any third-party vendor, a good experience depends on how collaborative the efforts are. With Modern Treasury, the collaboration went well, especially in terms of listening to us and responding to our concerns,”

“The relationship we've established with the Modern Treasury team has been great from the beginning. There was a lot of collaboration, which was a big part of setting up the integration and learning through the process.”

““We want to reduce payout times to get revenue to our studio and spa partners faster.””

““Ledgers lets us track studio balances reliably and transparently, ensuring that we don’t have to manually verify studio balances before paying them out.””

““Prior to using Modern Treasury, we had to manually track reservations against their prepaid balance in an Excel sheet. Ledgers allowed us to automate this process as well.””

““We were able to quickly build innovative features because we didn’t have a sizable team fully managing some infrastructure with a bank — Modern Treasury is doing that for us,””

““Modern Treasury was a requirement to even launch in the first place,””

““That was an incredibly valuable decision that’s paid off many times over in the history of Check and one of the magic features of the Modern Treasury solution.””

““We could write a code integration once, then flip traffic from one bank to another in the future with very limited developer work,””

““It was clear Modern Treasury had a great approach to the space — that they were technologists who had a strong grounding in our banking system.””

““The scalability and flexibility Modern Treasury affords us is incredible,” says Ghadimi.”

““Our ability to provide required information completely off the shelf during last year’s full financial audit was invaluable. That the auditor could track every single transaction associated with every single loan in our system, and then associate it to every single pay out in our bank, was incredibly powerful. It’s amazing to see the stack work in a way that is so thorough and comprehensive,” Ghadimi says.”

““We've never had any kind of delays or downtime as a result of Modern Treasury. And we’ve never thought about cash drag as it relates to the platform—essentially, there is none. This is not always true in certain geographies and obviously, avoiding delays matters a lot to our business,” says Ghadimi.”

““The developer experience using Modern Treasury is extremely straightforward and the documentation is really useful,” says Tech Lead Taras Yarema. “Plus, having a sandbox environment is important because, in payments, you need to be exact and correct to the penny.””

““Right away we had more visibility. There was a level of transparency around our payment success rate we didn't have prior to Modern Treasury. Then, the integration was where we kicked into high gear and were able to grow our volume with minimal additional overhead,” Ghadimi says.”

““It's a seamless and predictable payments experience,” says Salima Ghadimi, Manager of Platform Operations. “Payment concerns are pretty much eliminated because all of this is automated through payments processing partners, including Modern Treasury. It's a low impact experience from the customer's perspective, and they get the visibility they need.””

““The fact that tomorrow we can decide to add to or change our bank or treasury infrastructure—without much disruption from the processing side or needing to evaluate additional layers in the stack—is really valuable.””