Promontory Interfinancial Network, LLC provides financial services to banking and thrift industries, and broker-dealers. The company offers Certificate of Deposit Account Registry Service (CDARS), a service that enables financial institutions to provides access to FDIC insurance on certificates of deposit investments of $50 million and above; and Insured Network Deposits Service (IND), an FDIC-insured deposit sweep program that enables brokerage firm managers to optimize profit margins earned on short-term investment accounts and deliver a differentiated investment product with access to FDIC insurance. Promontory Interfinancial Network, LLC was founded in 2002 and is based in Arlington, Virginia.
The Founders of Promontory Interfinancial Network, LLC also founded Promontory Financial Group, LLC (PFG), a leading provider of regulatory consulting to banks, broker-dealers, and other financial services firms. PFG is unique in that its professionals have served as leaders at the highest ranks of federal and state regulatory agencies, Wall Street, and Fortune 100 corporations in the financial services sector. Since its founding in 2001, PFG has worked successfully around the globe to resolve a multitude of problems faced by its clients in crisis management, risk management, compliance, regulatory relations, M&A activities, cost-saving/review enhancement programs, strategic planning and due diligence.
Promontory Financial Group is a subsidiary firm of Promontory Group, LLC. Other subsidiaries include Promontory Asset Finance Company, LLC, and Promontory Compliance Solutions, LLC