Overview
Promontory Interfinancial Network was founded by leading figures
in the banking industry to provide financial institutions with profit-enhancing
solutions.
These Promontory founders –
Eugene Ludwig, Alan Blinder, Mark Jacobsen, and Alfred Moses – envisioned
a network, comprised of thousands of financial institutions, whose
"synthetic size" would help each member institution to compete more efficiently.
Today, the Promontory Network includes more than 3,000 members nationwide.
These members use Promontory's services – CDARS® and
IND® – to purchase wholesale funds,
attract new deposits, strengthen customer relationships, and reduce collateralization costs. In addition to
CDARS and IND, Promontory offers Prepaid Assessment MarketplaceSM – a
FREE service that helps match prospective buyers and sellers of prepaid FDIC assessments (“credits”).
Headquartered in greater Washington, D.C., and with sales offices across
the country, Promontory has a Board and a
management team that include leading banking
experts from the most senior levels of policymaking and practice. Together, they bring a remarkable depth of
experience and marketplace knowledge to Promontory and the solutions it develops for customers.
For more information about Promontory Interfinancial Network,
please contact us at 866-776-6426 (toll-free).