Promontory Interfinancial Network LLC said Monday that its Insured Cash Sweep service is now fully integrated with Data Center Inc.'s iCore360 core banking software.

This integration reduces collateralization costs and the likelihood of an error through automation and provides access to multi-million-dollar insurance from the Federal Deposit Insurance Corp., Steve Kinner, Promontory's head of sales, said in a news release.

Promontory, based in Arlington, Va., previously integrated its Insured Cash Sweep with Fiserv Inc.'s Premier bank platform and with many of FIS's deposit platforms. Promontory has more than 3,000 member banks that use the network to purchase wholesale funds, attract new deposits and reduce collateralization costs.