Promontory Interfinancial Network, LLC, a trusted provider of FDIC-insured deposit services, celebrates its ranking as first among 20 companies named as "Best Fintechs to Work For," the first-ever best places contest of Fintech companies published by American Banker.

The American Banker ranking, released this month, cited Promontory Interfinancial Network's commitment to internal transparency and employee retention as key reasons the company placed first in the review. It was the third such honor the company has received in the last five months. Last October, both the Washington Post and the Washington Business Journal named Promontory Interfinancial Network among the Best Places to Work in the greater Washington, DC area.

"We're pleased to receive this new honor from American Banker, especially as it recognizes those qualities we've worked so hard for so long to achieve – developing trust among our employees, placing great importance on open and honest communications, and encouraging feedback at every opportunity," said Mark Jacobsen, CEO and President of Promontory Interfinancial Network. "We're determined to show every day how much we value our people, people who dedicate themselves to providing our customers with highest quality service and who make us great business partners."

The American Banker ranking evaluated Fintechs with a two-part survey process. The first part of the process, worth approximately 25 percent of the total assessment, evaluated each nominated company's workplace policies, practices, philosophy, systems, and demographics. The second part, worth approximately 75 percent, consisted of an employee survey to measure the employee experience. Best Companies Group managed the overall registration and survey process, analyzed the data, and determined the final ranking.

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About Promontory Interfinancial Network, LLC

Promontory Interfinancial Network was founded by leading figures in the banking industry—Eugene Ludwig, Alan Blinder, Mark Jacobsen, and Alfred Moses—to provide financial institutions with profit-enhancing solutions. The founders envisioned harnessing technology to build the largest bank network of its kind, composed of thousands of financial institutions, whose "synthetic size" would help each member institution to compete more efficiently.