Symphony, a fintech company focused on building a savings platform, has selected Modern Treasury to power the money movement infrastructure behind its rewards savings experience, integrating both traditional banking and stablecoin rails.
Symphony’s platform aims to introduce a new category of savings by combining a fixed 5% APY with rewards points on every dollar saved. These points can be redeemed for travel and exclusive experiences through partnerships with more than 15 leading global airlines and hotel groups. The company leverages Modern Treasury’s infrastructure to orchestrate money movement across traditional banking and stablecoin rails.
Vik Chawla, Founder and CEO of Symphony, stated, “For decades, financial products have rewarded consumers for spending more. As we build the future of savings, we wanted infrastructure that could support both traditional financial products and emerging digital asset experiences. Modern Treasury gives us a flexible foundation to move money across both worlds.”
Through Modern Treasury, Symphony will manage customer funding flows, automate movement between accounts, and build experiences that connect fiat balances with stablecoin-based capabilities. Modern Treasury’s platform offers a single system for initiating, tracking, and reconciling money movement across banking and blockchain rails.
Matt Marcus, Co-Founder and CEO of Modern Treasury, commented, “Consumers expect financial products that combine the security of traditional banking with the speed and programmability of modern payment networks. We’re excited to support Symphony as they build a new category of savings product that bridges fiat and digital assets through a unified money movement platform.”
Modern Treasury provides infrastructure for global money movement, offering developer tools and a single API for both fiat and stablecoin transactions. The platform includes built-in compliance, ledgering, and reporting. It has processed over $400 billion in payments for hundreds of organizations.
In addition to the fixed 5% APY, Symphony’s platform offers automated recurring deposits, real-time savings and rewards tracking, travel and lifestyle redemptions, and AI-powered customer support. Symphony’s services are supported by regulated banking and financial services providers. Symphony’s infrastructure, built over three years, has processed over $500 million in volume, powering various fintechs and AI startups before its current mass-market savings product.
