Promontory Interfinancial Network
Promontory Interfinancial Network

Promontory Interfinancial Network

Promontory Interfinancial Network High Paying Jobs, Compensation Information and Expert Network Connections

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IntraFi Network, LLC, is a privately held firm with a network of financial institutions that has approximately one-third of all U.S. commercial banks and thrifts as members. The company is located in Arlington, Virginia.

IntraFi offers FDIC-insured deposit placement services, including the Certificate of Deposit Account Registry Service, or CDARS; Insured Cash Sweep service, or ICS; and the Insured Network Deposits service, or IND.

The company changed its name to IntraFi Network in 2020.

IntraFi also publishes a quarterly business outlook survey of banks. IntraFi's services help bank depositors to access FDIC insurance above the $250,000 limit through a single bank relationship. As Reuters has noted, IntraFi's services “rose in popularity during the 2008 financial crisis. Money is spread around in chunks across a network of ‘well-capitalized’ banks, with maturities of four weeks to five years.” In some cases, however, the yields are lower than those on CDs and money market accounts.

The company was founded by a number of former federal banking regulators and BNY Mellon provides issuance, custody, settlement, and recordkeeping services for IntraFi. The Cofounder and CEO of the company is Mark Jacobsen, a former chief of staff of the Federal Deposit Insurance Corporation and inventor of 13 patents related to IntraFi's FDIC-insured deposit placement services. Jane Gladstone joined the firm as President in 2020.
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Total value of jobs:
$715,000
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Total Jobs:
5
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Average Pay:
$102,142
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Total Experts:
2
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% Masters:
54%

Top Experts at Promontory Interfinancial Network

Promontory Interfinancial Network Compensation

Software Engineer

$90K

$90K

Average Compensation:$90,000

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