ModernFi Reaches 1,000 Financial Institutions Milestone

• •ModernFi now supports over 1,000 financial institutions across the U.S.
• •The total amount in reciprocal deposits has reached nearly $500 billion.
• •ModernFi's technology enhances deposit management and aligns with institutional needs.

ModernFi, a technology platform for deposit management, announced on September 29, 2026, that it has surpassed 1,000 financial institutions in its deposit networks, now covering about 20% of U.S. banks. This growth is attributed to a dynamic rate environment and recent banking stresses that have increased the focus on prudent deposit management. The total amount in reciprocal deposits has reached nearly $500 billion, bolstered by recent legislation. ModernFi aims to empower its partner institutions to enhance their services and community support. CEO Paolo Bertolotti emphasized the importance of community and regional institutions in the U.S. economy. The company has ensured that its deposit networks align with the institutions it serves, providing oversight and fair pricing. The milestone reflects the growing importance of deposit networks in the banking sector.