Why We Built Automated Sweeps Directly into COS

For many fintechs and platforms, deposit growth creates an unexpected challenge. The traditional FDIC insurance limit of $250,000 per depositor can become a constraint for power users, businesses, creators, sellers, and other customers who maintain higher balances. The solution, historically, has not been simple. Offering expanded coverage often means introducing additional providers, integrations and manual workflows.

That’s why we built Automated Sweeps, a way to offer consumers access to expanded FDIC insurance coverage, directly into Cross River’s proprietary banking core, COS, accessible via API.

Rather than asking partners to stitch together multiple vendors, we embedded deposit sweep capabilities directly into COS. Through a single Cross River integration, partners can offer their customers access to expanded FDIC insurance coverage by automatically distributing deposits across a network of participating banks via IntraFi. Cross River manages the complexity of the sweep process at scale, including deposit placements, money movement, reporting, and customer controls, such as the ability to opt out of specific destination banks.

The result is a better experience for both our partners and their end users.

For end customers, the experience feels native. Funds can be protected at higher coverage levels while remaining within the product they already trust, with transparency into deposit placements and the ability to opt out of the sweep program if they choose. As customer expectations continue to evolve, users increasingly compare financial experiences to the best digital products they use every day. They expect their money to be protected, accessible, and managed seamlessly behind the scenes, without additional steps or complexity. Automated Sweeps helps our partners deliver exactly that experience.

For product and engineering teams, the benefit is straightforward: no separate middleware, no additional bank relationships, and no need to build or maintain sweep infrastructure internally. Partners integrate once and access the capability through the same operating system that powers their broader banking program.

At its core, this is an infrastructure decision

Banking capabilities become more valuable when they are part of the infrastructure, not layered on afterward. By building Automated Sweeps directly into COS, we eliminated a common source of operational complexity and made expanded deposit insurance accessible through the same platform our partners already use.  

That's how we think about product development at Cross River: if a capability is critical to our partners' growth, it should be available through the core infrastructure that powers their business.

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