R&T Deposit Solutions

Providing innovative deposit and lending solutions to US Banks and other financial institutions

General Information
Industries
Finance, Financial Services
Funding Stage
Private Equity
Product Stage
-
Business Model
-
Company Overview
Founded
1974
Employees
176
Location
New York, United States
Website
R&T Deposit Solutions - Company Details

Reich & Tang Deposit Solutions (R&T) is a leading provider of innovative deposit and lending solutions to US Banks and other financial institutions. Established in 1974, R&T leverages technology to offer deposit funding, liquidity management, and securities-based lending programs to the financial services industry. Through its tech-enabled services, R&T assists banks, credit unions, broker-dealers, trust companies, and wealth managers in meeting their specific cash sweep, deposit funding, and securities-based lending needs.

The Demand Deposit Marketplace® (DDM®) program administered by R&T is a recognized leader in the administration of deposit networks, providing banks and other depository institutions access to billions of dollars in reciprocal deposits. This allows their underlying customers to benefit from expanded levels of FDIC insurance coverage on their deposits through other participating banks in the program. For a list of banks in the networks administered by R&T, visit https:\/\/rnt.com\/about\/bank-lists\/.

R&T is a portfolio company with the majority interests owned by private equity firms, GTCR and Estancia Capital Partners. The firms have recently collaborated with R&T to expand its market presence and achieve sustained growth. This includes strengthening the leadership team, expanding product offerings, and enhancing the firm’s risk management and technology infrastructure. The most recent investment was a Private Equity Round investment at 07 September 2023, led by GTCR.

R&T with its extensive experience and strategic partnerships is poised for continued success in the Finance and Financial Services industries, impacting the evolution of banking practices in the United States.