Independent Community Bankers of America
Promontory Interfinancial Network has formed a cooperative alliance with the Independent Community Bankers of America (ICBA) to help community banks better serve their most valued customers through the company's services: ICS®, the Insured Cash Sweep® service; CDARS®, the Certificate of Deposit Account Registry Service®; and Bank Assetpoint®. ICBA aggregates the power of its members to provide a voice for community-banking interests in Washington and resources to enhance community bank education, marketability, and profitability options that help them compete in an ever-changing marketplace.
The Bank of New York Mellon
BNY Mellon provides issuance, custody, settlement, and recordkeeping services for the Promontory Network.
BNY Mellon, a global financial services company focused on helping clients manage and service their financial assets, operates in 40 countries and serves more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations, and high-net-worth individuals, offering superior investment management and investment services through a worldwide, client-focused team. As of September 2016, it had $30.5 trillion in assets under custody and administration and $1.7 trillion in assets under management. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow BNY Mellon on Twitter @BNYMellon.
Community Development Bankers Association
Promontory Interfinancial Network formed an alliance with the Community Development Bankers Association (CDBA) to enable socially motivated investors and banks seeking community reinvestment credit to invest safely in America's underserved and most impoverished communities simply by making deposits through Community Development Banks. CDBA is the national membership trade association of the community development banking industry and all members are certified by the US Department of Treasury as Community Development Financial Institutions.
Farin & Associates
Promontory Interfinancial Network teamed with Farin & Associates to form a strategic education alliance to demonstrate how financial institutions can better manage their cost of funds by using ICS, the Insured Cash Sweep service, and CDARS, the Certificate of Deposit Account Registry Service. Farin & Associates specializes in developing retail strategies to improve the profitability of financial institutions and is nationally recognized as a provider of asset/liability management software.
"To price efficiently and profitably, a banker must compare risk- and cost-adjusted retail products to wholesale alternatives, measure the rate sensitivity of market segments, and choose funding alternatives with lowest marginal cost. ICS and CDARS are valuable tools that bankers can use to help meet their needs."
Thomas A. Farin
President and Chief Executive Officer
Farin & Associates
FIS is the world’s largest global provider of banking and payments technology. ICS, Promontory’s Insured Cash Sweep service, is integrated with a number of the FIS deposit platforms through the FIS Cash Manager module.
"Integrating the ICS service with the FIS Cash Manager system automates many of the features and functionalities banks look for in a core-processing solution."
Vice President for Business Development, Trust and Wealth Management Solutions
Fiserv is a leading global provider of financial services technology solutions. Promontory Network's ICS service is integrated with the Signature®, Premier®, Precision®, Cleartouch®, and DNA® bank platforms from Fiserv, Inc. For banks that employ one of these platforms and ICS, this integration saves time, simplifies the data and order entry processes, reduces the likelihood of data entry error, and enhances reporting capabilities.