Case Study: Masterworks achieves faster, fully reconciled wire payments with Modern Treasury

Masterworks speeds wire payouts 80% with Modern Treasury

Masterworks, a platform for fractional art investing, faced challenges with its payment operations, particularly in reconciling incoming wires and speeding up investor payouts. This created administrative burdens and risk for the company. To solve this, Masterworks implemented the Payments and reconciliation products from Modern Treasury.

By using Modern Treasury's API, Masterworks automated wire payments and achieved 100% reconciliation accuracy for incoming wires. The solution enabled them to move $116M per month programmatically, resulting in 80% faster investor payouts and streamlining over 2,000 payment approvals monthly. Modern Treasury provided the infrastructure that was essential for the company's scale and efficiency.

Masterworks