# Modern Treasury, Trovata, Highnote, Increase, and Column

> A practical map of five easily confused fintech infrastructure companies. Modern Treasury orchestrates and reconciles money movement, Trovata turns bank and ERP data into cash visibility and forecasts, Highnote helps companies issue cards and run embedded-finance programs, Increase exposes banking and payment primitives through APIs, and Column is the regulated bank at the foundation. Their products increasingly overlap, so buyers should begin with the system boundary, regulatory owner, and operating problem rather than a vendor category label.

## Achievements

- Modern Treasury built a unified API and operations layer for payment initiation, ledgering and reconciliation.
- Trovata connects and normalizes bank and ERP data for cash positioning, reporting, forecasting and scenario analysis.
- Highnote combines card issuing with program management, acquiring, credit, money movement and ledger capabilities.
- Increase exposes accounts, ACH, wires, RTP, FedNow, checks and card issuing through developer-focused APIs and bank partnerships.
- Column N.A. operates as an OCC-regulated, nationally chartered bank with its own core and direct payment-network connections.

## Latest updates

- **2026-07** — Modern Treasury announced that GrowIt selected its Payments API for ACH, RTP, FedNow and wire-based real estate investment flows.
- **2026-05** — Highnote announced capabilities for AI-initiated payments with programmable controls through Visa Intelligent Commerce.
- **2026-02** — Modern Treasury introduced an integrated PSP for fiat and stablecoin payments, with compliance, accounts, ledgering and reporting.
- **2025-11** — Trovata announced CORP$, a corporate treasury stablecoin service developed with Paxos.
- **2025-11** — Highnote detailed its unified platform across issuing, acquiring, credit, money movement and ledgering.
- **2025-10** — Column expanded its credit offering with warehouse lines, forward flows and loan-retention products.

## Links

- Website: https://www.moderntreasury.com/

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Profile page: https://yespress.io/fintech-tools-are-not-substitutes
Published by YesPress — https://yespress.io
Last updated: 2026-08-15