Reich & Tang Deposit Solutions

What Reich & Tang Deposit Solutions does

Reich & Tang Deposit Solutions (R&T) is a privately held, PE-backed financial services platform that provides cash management and expanded deposit insurance solutions to U.S. financial institutions and FinTechs. Founded in 1974 and headquartered in New York, R&T operates three core programs — DDM (Demand Deposit Marketplace), CDMX (Certificate of Deposit Marketplace Exchange), and RTID (R&T Insured Deposits) — that allocate customer funds across a network of 350+ FDIC/NCUA-insured receiving institutions to provide access to up to $60M in expanded deposit insurance coverage. The company manages $178B+ in Assets Under Administration and serves 11M+ customer accounts as of Q1 2026, with named clientele spanning community banks, regional banks, BaaS sponsor banks, FinTechs, trust companies, and broker-dealers. Strategic investors include GTCR (50% stake acquired September 2023) alongside Estancia Capital Partners.

R&T's technology stack is built on a cloud-first, multi-region AWS architecture supporting high availability and scalable deposit network operations. The platform features a proprietary allocation engine, client and customer web portals (CAP, DMS, DepositView), and pre-built integrations with 50+ core banking processors (DCI, Jack Henry, Nymbus, Smiley, ASI, COCC) and trust accounting platforms (Cheetah, Fitek, HWA, Infovisa, SS&C). The company holds SOC 2 Type I and II certifications and operates as a Premier Partner Member of the American Bankers Association. R&T is structured under four Delaware LLCs (R&T Deposit Networks, R&T Deposit Marketplace, R&T Deposit Solutions, R&T Deposit Programs), with a wholly owned subsidiary Stable Custody Group II LLC acting as agent for sending institutions.

R&T generates revenue through administrative and recordkeeping service fees charged to institutional clients under written service agreements, with the platform primarily used by depository institutions, BaaS banks, FinTechs, trust companies, and broker-dealers. The company employs 51-100 people and uses a sales-led go-to-market targeting financial institution decision-makers through direct outreach, industry events, content marketing, and association partnerships. Pricing is not publicly disclosed and is set under bilateral service agreements. The 2022 business combination with Total Financial Solutions expanded the product suite, and the GTCR investment in 2023 is intended to fund continued product development and technology infrastructure.

Name

Reich & Tang Deposit Solutions

Legal name

R&T Deposit Networks, LLC, R&T Deposit Marketplace, LLC, R&T Deposit Solutions, LLC and R&T Deposit Programs, LLC (each d/b/a R&T Deposit Solutions)

Website

https://rnt.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

51–100 employees

Short description

Reich & Tang Deposit Solutions provides cash management and expanded FDIC/NCUA deposit insurance programs (DDM, CDMX, RTID) to banks, credit unions, BaaS banks, FinTechs, trust companies, and broker-dealers through a network of 350+ insured institutions managing $178B+ in assets.

Ownership category

akta.pro rank

Product category

Deposit Network & Cash Management Services

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Functions Related To Depository Banking, Nec (6099), Finance Services (6199)

akta.pro primary industry

Fund Custody & Depositary Services (UCITS/AIFMD & Mutual Funds) (FSAFAHAD)

akta.pro secondary industry

A2A Collections & Direct Account Funding (FSAMAFAH)

Keywords

• Deposit network services
• Cash sweep programs
• FDIC insurance coverage
• Balance sheet management
• BaaS deposit infrastructure

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Administrative & Recordkeeping Services for Financial Institutions: R&T provides administrative, recordkeeping, and other services to banks, credit unions, trust companies, wealth management firms, and broker-dealers under written service agreements. Revenue is derived from fees charged to institutional clients for program administration, technology access, and related services. Stable Custody Group II LLC acts as agent for sending institutions under DDM and CDMX programs.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Reich & Tang Deposit Solutions operates a network-based deposit and funding platform connecting 350+ participating FDIC/NCUA-insured institutions, providing expanded deposit insurance coverage of up to $60M and diversified wholesale funding to banks, credit unions, trust companies, broker-dealers, BaaS sponsor banks, and FinTechs. The company administers three core programs (DDM, CDMX, RTID) plus dedicated funding solutions, leveraging proprietary technology, 50+ core-processor integrations, and 11M+ end-customer accounts representing $178B+ in Assets Under Administration.

Product overview

R&T Deposit Solutions operates as a platform provider offering three interconnected deposit management programs: DDM® (Demand Deposit Marketplace®) for configurable cash sweep with send/receive/reciprocal options, CDMX℠ (Certificate of Deposit Marketplace Exchange℠) for fixed-rate CD solutions with flexible maturities, and RTID® (R&T Insured Deposits®) for send-only cash sweep programs. These programs are supported by funding solutions for depository institutions and leverage a network of 350+ participating banks and financial institutions. The platform provides access to expanded FDIC deposit insurance coverage up to $60M, with $178B+ in Assets Under Administration and 11M+ customer accounts as of Q1 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• DDM (Demand Deposit Marketplace) Program Configurable cash management solution providing access to expanded FDIC deposit insurance coverage with send, receive, and reciprocal options. Allocates customer funds across a network of FDIC-insured receiving institutions in increments of up to $250K per customer identifier per institution.
• CDMX (Certificate of Deposit Marketplace Exchange) Program Certificate of Deposit solution offering fixed rates and flexible maturity options with access to expanded deposit insurance coverage through a network of participating receiving institutions, allowing institutions to provide customers with FDIC-insured CDs while maintaining a single relationship.
• RTID (R&T Insured Deposits) Program Configurable, send-only cash sweep program providing access to expanded FDIC deposit insurance coverage through a network of participating receive-only banks. Designed for broker-dealers, independent trust companies, and other institutions to help customers preserve principal and access daily liquidity.
• Funding Solutions for Depository Institutions Wholesale funding solutions providing depository institutions with immediate, flexible, and collateral-free access to liquidity through R&T's DDM and RTID programs, offering competitive floating rates, same-day funding, and diversified deposit sources.

Quantifiable outcome

• 96% of BaaS executives have already adopted a deposit insurance platform (R&T 2026 BaaS/FinTech Survey, 200 respondents)
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability2 records

Feature6 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• American Bankers Association (ABA)flagshipGTM or Marketing PartnerR&T is an ABA Premier Partner Member, participating in the American Bankers Association's partner network that provides credibility and access to the broader community banking ecosystem.
• Bankers Helping BankerscoreGTM or Marketing PartnerR&T is a Bankers Helping Bankers Premier Member, a peer network organization supporting community banks and their technology and service partners.
• AWS (Amazon Web Services)coreTechnology or IntegrationR&T has adopted a cloud-first strategy with AWS to support its continued growth. Leadership has participated in fireside chats with AWS discussing cloud modernization, AI-driven deposit innovation, and scalability. AWS partnership enables R&T's cloud-first architecture operating across multiple regions.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• IntraFi Network: IntraFi (formerly Promontory Interfinancial Network) operates CDARS and ICS deposit networks that provide expanded FDIC insurance coverage across thousands of banks — the closest direct competitor to R&T's DDM, CDMX, and RTID programs in the deposit sweep space.
• StoneCastle: StoneCastle provides insured cash sweep programs and funding solutions to broker-dealers, RIAs, and trust companies — directly overlapping with R&T's RTID program and trust company segment with similar network-based deposit allocation.
• SBLF / Stable: Stable provides cash management and stablecoin-backed payment infrastructure with insured deposit solutions, overlapping R&T's FinTech and BaaS segments with similar network-driven deposit placement for digital platforms.

Broad incumbents

• BNY Mellon Pershing: Pershing (a BNY Mellon company) offers insured cash sweep products for broker-dealers and RIAs as part of its broader custody and clearing platform — overlapping R&T's RTID use case while serving a much larger client base.
• AssetMark: AssetMark provides wealth management platforms including cash management and insured deposit sweep options for RIAs — comparable to R&T's broker-dealer and trust company solutions within a broader turnkey asset management platform.
• Finastra: Finastra is a large banking technology provider offering core banking, treasury, and deposit infrastructure — adjacent to R&T's core processor integration model and a potential incumbent competitor in bank deposit infrastructure.

Emerging players

• MaxMyInterest: MaxMyInterest is a cash optimization platform that allocates customer deposits across multiple FDIC-insured banks — comparable in concept to R&T's DDM but focused on the high-net-worth and advisory channels rather than institutional/BaaS.
• CAIS: CAIS provides an alternative investment platform with cash management features for RIAs and wealth managers — overlapping with R&T's broker-dealer and trust segments in serving wealth platforms needing insured deposit/cash solutions.
• iCapital: iCapital operates an alternative investment marketplace with integrated cash management for advisors and high-net-worth platforms — a partial overlap with R&T's trust company and broker-dealer cash sweep offerings.
• Wealthfront: Wealthfront offers a high-yield cash account using partner banks for FDIC insurance aggregation — overlapping R&T's expanded insurance mechanism for end customers, though in a direct-to-consumer model rather than institutional.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rnt-deposit-solutions
• Xx.com/reichandtang

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles26 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reich & Tang Deposit Solutions