Modulr Partnered With Cogent Bank for U.S. Expansion
The collaboration aims to streamline payments automation by integrating banking infrastructure with FIS technology.
Updated on Sept. 24, 2026 in Financial Services
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Modulr has partnered with Cogent Bank to launch payments services across the United States. The initiative integrates Cogent Bank's infrastructure with the FIS Money Movement Hub to provide streamlined access to real-time payment networks.
Why it matters
The partnership seeks to simplify the fragmented U.S. payments ecosystem by reducing complex integration hurdles. It specifically addresses growing demand from customers for robust U.S. service capabilities in sectors like payroll and lending.
In 2025, the U.S. B2B payments market reached $460 billion, while real-time networks processed significant volume including $853 billion via FedNow and $1.3 trillion through The Clearing House RTP.
The players
Modulr
Modulr is a payments technology provider previously selected by FIS to support U.S. financial institutions.
Cogent Bank
Cogent Bank is a state-chartered, full-service community bank that has grown its assets significantly since 2018.
FIS
FIS is a financial services technology company that operates the Money Movement Hub.
The details
The platform provides a single interface for ACH, RTP, and FedNow networks to help businesses navigate complex payment workflows. Modulr will leverage this infrastructure to pilot specialized services for earned wage access, lending, and merchant processing.
Timeline
Cogent Bank was founded in 2018.
The U.S. B2B payments market reached $460 billion in 2025.
Modulr announced its partnership with Cogent Bank on September 24, 2026.
Market Landscape
The partnership marks a strategic effort to overcome the fragmentation of the U.S. B2B payments ecosystem, which currently faces complex integration hurdles. By unifying access to multiple networks, the collaboration positions both companies to capture share in a market forecast to double in size over the next decade.
Businesses in sectors like payroll and lending may soon gain access to more efficient payment processing through integrated platforms. These improvements aim to reduce the time and technical complexity currently required to manage enterprise financial transactions.
The takeaway
The evolution of the B2B payments space suggests that unified integration is becoming a prerequisite for financial service providers. Companies that consolidate disparate networks into a single interface will likely gain a significant competitive advantage as the market continues to grow.
Further reading
Learn more about the latest innovations in Financial Services.
Source note: This article includes information reported by Financial IT.
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