Modulr Partnered With Cogent Bank for U.S. Payments
The collaboration offers businesses access to real-time payment networks through a single integrated interface.
Updated on Sept. 24, 2026 in Financial Services
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Modulr has partnered with state-chartered Cogent Bank to launch a U.S. payments platform that streamlines access to ACH, RTP, and FedNow networks. This integration aims to simplify complex B2B payment ecosystems for providers in lending, payroll, and earned wage access.
Why it matters
The platform seeks to resolve fragmented integration challenges that currently complicate B2B transaction processing for U.S. financial services firms. This initiative taps into a B2B payments market that surpassed $460 billion in 2025 as demand for integrated, high-speed payment infrastructure increases.
Cogent Bank assets grew from $85 million to over $2.5 billion, a 30x increase since 2018, against a broader U.S. B2B payments market valued at more than $460 billion in 2025. In the same period, FedNow processed $853 billion and The Clearing House RTP moved $1.3 trillion in transaction volume.
The players
Modulr
A financial technology firm that builds payment infrastructure platforms for institutional and enterprise clients.
Cogent Bank
A state-chartered, full-service community bank that has scaled from $85 million in assets to over $2.5 billion since 2018.
FIS
A major provider of financial technology solutions that operates the Money Movement Hub for institutional banking.
The details
The platform functions by integrating Cogent Bank infrastructure with FIS's Money Movement Hub, allowing firms to consolidate disparate payment types into one interface. This structure is intended to replace the multi-point integrations typically required to connect to ACH, RTP, and FedNow rails. Modulr will initially deploy the service for customers in lending, merchant services, and earned wage access to mitigate the friction of manual or fragmented payment workflows.
Timeline
Cogent Bank was founded in 2018.
The U.S. B2B payments market reached a valuation of over $460 billion in 2025.
Modulr announced its partnership with Cogent Bank on September 24, 2026.
Market Landscape
The entry follows the rapid adoption of the Federal Reserve's FedNow real-time payment network, which processed $853 billion in 2025. This integration effort mirrors broader industry trends toward consolidating payment rails into single-API environments to reduce operational complexity.
Operators in lending, payroll, and merchant services should monitor whether this platform reduces their manual reconciliation overhead by centralizing multiple payment rails. Evaluate current vendor integration costs against the potential for single-interface settlement provided by this infrastructure.
The takeaway
The move underscores that scale in B2B payments is increasingly found in simplifying integration layers rather than just transaction volume. Operators should audit their current payment stacks to identify where fragmented manual processes for ACH and real-time rails are increasing operational costs.
Further reading
Learn more about the infrastructure shift in Financial Services.
Source note: This article includes information reported by Financial IT.
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