IntraFi is a financial technology company founded in 2003 that operates a network connecting thousands of financial institutions across the United States. The firm's core technology enables banks to manage large deposits through reciprocal deposit services, allowing them to provide customers with access to extended FDIC insurance coverage and improved liquidity. Its network has grown from serving an initial 50 banks to encompass over 3,000 financial institutions.
The company's primary products include CDARS, which facilitates reciprocal deposits to provide customers with multi-million-dollar FDIC insurance through a single banking relationship, and ICS, a service helping institutions manage liquidity and attract deposits. IntraFi Sweep distributes deposits across institutions to support liquidity management. The company operates in the banking, financial services, and lending sectors, serving businesses, farms, and housing markets.
IntraFi's technical domains span financial technology, deposit management systems, regulatory compliance, and liquidity management. The company emphasizes deep regulatory expertise and maintains a team that combines banking knowledge with technical skills. According to the company, no depositor has lost funds placed through its services during bank failures.
