Economic Outlook July 2017

The Federal Open Market Committee delivered about what was expected at its July 25-26 meeting. No interest rate hike, of course. And greater specificity about when it will start to let its huge balance sheet shrink by attrition.... Read more...


Bank Executive Business Outlook Survey

Bank Executive Business Outlook Survey, 2017, Q1

As a fintech firm, Promontory Interfinancial Network prides itself on providing innovative, technology-driven solutions for the banking sector. Therefore, it is not surprising that I am particularly interested in the section of this quarter’s report on the Bank Executive Business Outlook Survey that focuses on Artificial Intelligence (AI) and what it means for the banking industry. Read more...


The World is Changing

The World Is Changing: Are You Asking The Right Questions?

Over the next year, some significant changes are expected for the financial sector. Many are predicting one more rate increase before the end of 2017 and more in the years following should the economy stay on its current track.  Read more...


Banking on Technology

As a fintech firm, we are always interested in what technologies banks are investing in. Recently, we surveyed financial institutions about where they allocate budgetary resources for technology.  Read more...


The Regulatory Prognosis

Going into this week’s meeting of the Federal Open Market Committee, virtually everyone who pays attention to the Fed expected another 25 basis point interest rate hike—which they got. Most Fed watchers also expected... Read more...


Bank Executive Business Outlook SurveyBank Executive Business Outlook Survey, 2016, Q4

If there is one word that would sum up the findings from this edition of the Bank Executive Business Outlook Survey it would be “divergence.” On the one hand, the transition to a new presidential administration and its potential impact on banking regulation and tax policy, alongside rising interest rates, are driving bankers to predict that 2017 is likely to be a very good year for banking. Read more...


Rule Changes Create New Value Opportunity for Banks

Now that the Security and Exchange Commission’s (SEC) new rules on money market funds (MMFs) have been in effect for approximately six months, institutional money managers are looking at how to adjust their investment strategies. Many investors are looking for the exits, at least from prime funds. For most of these money managers, safety is the key. Read more...


2017 Funding and Deposits Report2017 Funding and Deposits Report

The marketplace for deposits remained relatively stable throughout 2016. The small increase in the federal funds rate at the end of 2015 did raise the cost of funding, but, overall, funding costs stayed at historically low rates and most banks—money center institutions, large regional banks, and community banks—remained fairly flush with deposits. Read more...


Bank Executive Business Outlook Survey

Bank Executive Business Outlook Survey, 2016, Q3

For those betting that the direction of the economy and the banking sector would become clearer this fall, you may need to pull out your wallets and pay up. After rising for two consecutive quarters, the Banker Confidence IndexSM (Index) dropped in the third quarter by 2 points over the 2nd quarter to 50.1—indicating that the banking sector is still cautious about its prospects over the next year. Read more...


Big Banks Are Taking A Bigger Bite Out Of The Deposit Market

Big banks are gaining a bigger and bigger piece of the deposit market, and as American Banker recently noted, this is "no one time blip." Read more...


Innovative Thinking to Solve Both Long-Standing Business Problems and Short-Term Needs of Community Banks

When Eugene Ludwig, the former head of the Office of Comptroller of the Currency (OCC), and Mark Jacobsen, former Chief of Staff of the Federal Deposit Insurance Corporation (FDIC) and the OCC, first discussed founding Promontory Interfinancial Network, the conversation began with Ludwig’s simple yet powerful question: “What can we do to help community banks be more competitive?” Read more...


"The Power of Many” Helps Main Street Banks Offer Services Too Costly to Offer on Their Own

Promontory Interfinancial Network was founded on a novel concept in 2002: to help community banks to create “synthetic size” to compete better against much bigger rivals. Read more...


WBJ Best Places to Work AltPromontory Interfinancial Network Named Best Places to Work

Promontory Interfinancial Network, LLC (“Promontory”), a trusted fintech provider chosen by more than 3,000 financial institutions nationwide, announced that the Washington Business Journal had added the company to its list of the 2016 Best Places to Work in the Greater Washington, DC area. Read more...


See Public Fund ICS and CDARS Deposits by State: Infographic

Across the United States, local and state governmental entities use Promontory Interfinancial Network’s reciprocal deposit services to access multi-million-dollar FDIC insurance through a single banking relationship.  In this way, they are able to safeguard taxpayer money, keep funds local, and eliminate the burden of ongoing collateral tracking. Read more...


Banking CIO Magaine Header

Banking CIO Outlook — Top 10 Treasury Management
Solution Providers 2016

Promontory Interfinancial Network makes it to Banking CIO Outlook’s Top 10 Treasury Management Solution Providers list for its expertise offering unique services that brings thousands of banks and other institutions together in a way that helps each to benefit from "the power of many". Read more...