Guides

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Guides
How to Build a Digital Wallet Product

Digital wallets are some of the most widely-used financial products today. This guide describes the bank and payments infrastructure underlying digital wallets and how you could build one using Modern Treasury.

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How to Build an Escrow Product

Escrow is a payment setup where the payer sends funds to a third party rather than directly to the payee. If certain conditions are met, the third party routes the funds to the recipient; if not, the funds get returned to the sender. Escrow is particularly useful for high value payments because the payer can rely on the escrow provider as a responsible intermediary of the funds.

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Which Bank Partner is Best for You?

Last week, we announced support for self-serve sign up. When signing up, customers can now pick between three options for bank connection: Instant Bank Partners, Supported Bank Partners and Custom Bank Partners. 

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What is Automatic Reconciliation?

The process of tying a payment to a transaction is called reconciliation and it is essential for a business to understand how completed and in-progress transactions add up to the cash balance in its bank account. 

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How Customer Support Teams Use Modern Treasury

This is where two goals can sometimes come in conflict: responding to customer requests as fast as possible, and managing the financial controls around payments. So we’ve built tools for a customer support team to get access to the information they need while creating flexible controls to ensure a business is safe and protected.

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How to Build a Fund Custodian

This post is a guide to the operational, money movement aspects of private investing. While the specifics of the investments and the horizon for repayment might vary widely, we hope that this guide is useful in simplifying and demystifying how a fund might automate some of its internal operations. 

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How to Manage Paper Checks Remotely

Many more of us are working from home right now, which means in-person processes are being taken online. For finance and accounting teams, one common in-person workflow is managing paper checks. There are two sides to check transactions: sending and receiving. Both can be automated. Let’s take them one by one.

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How to Build an Invoice Factoring Company

Invoice factoring advances cash against invoices a company has issued, effectively prepaying the funds that a company’s customers have promised to pay in 30, 60, or 90 days.

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How to Get a SOC 2

When we set out to build Modern Treasury, we knew that as a company that deals with financial data and stores data in the cloud, our customers will expect us to prove our commitment to security. This proof typically takes the form of a SOC 2 report. 

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How to Choose a Bank

Choosing a bank is more than just a financial decision. At Modern Treasury, we work with many companies building out products that require banking support. This guide will help you ask the right questions from the outset, because running a company comes with enough curveballs, and your banking relationship should not be one of them.

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