Case Study: DriveWealth streamlines high-volume payment reconciliation with Modern Treasury

DriveWealth routes 95% of partner payments through Modern Treasury

DriveWealth, a global B2B financial technology platform, faced challenges with high-volume payment inefficiencies, specifically in managing suspense accounts and reconciliation. To address this, they partnered with Modern Treasury to implement its Payments and Reconciliation products to automate their ACH and wire payment operations.

By implementing Modern Treasury's solution, DriveWealth automated its withdrawals, deposits, and reconciliation processes at scale. This allowed them to expand partnerships worldwide and manage tens of thousands of transactions daily. The measurable impact was significant, with Modern Treasury now processing 95% of DriveWealth's partner payments, decreasing operational risk and providing seamless reconciliation.

DriveWealth