Search company, investor...
Deposit Solutions company logo

Deposit Solutions

Founded Year



Merger | Merged

Total Raised


About Deposit Solutions

Deposit Solutions provides an open banking platform for deposits connecting banks and depositors. The platform allows banks to offer attractive third-party deposit products to their own customers through their existing accounts. As a result, banks looking for funding can gather deposits from new markets and client groups without having to set up and operate their own retail infrastructure, and depositors can access best-in-class deposit offers without having to open a new account at another bank. On June 24th, 2021, Deposit Solutions merged with Raisin GmbH. The terms of the transaction were not disclosed.

Headquarters Location

Drehbahn 7-11

Hamburg, 20354,


+49 40 228 665-00

Missing: Deposit Solutions's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Deposit Solutions's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Expert Collections containing Deposit Solutions

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Deposit Solutions is included in 4 Expert Collections, including Banking.



976 items



1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.


Fintech 250

498 items



5,152 items

Latest Deposit Solutions News

R&T Deposit Solutions Appoints Tom Ormseth as Executive Vice President, Head of Banking

Apr 10, 2023

News provided by Share this article Share this article NEW YORK, April 10, 2023 /PRNewswire/ -- Reich & Tang Deposit Networks, LLC (d/b/a R&T® Deposit Solutions) (R&T), a leading deposit, liquidity and cash management solutions firm, announced today that Tom Ormseth has joined the firm as EVP, Head of Banking. "We are thrilled to welcome Tom to our executive leadership team. With over 29 years in the banking industry, he is a tremendous asset to R&T," expressed Joe Jerkovich, CEO of R&T. "Tom's deep knowledge of our products and his extensive experience in the banking industry, including treasury management and digital banking, will be a huge benefit for our clients and the firm." "Tom's deep understanding of emerging digital banking technologies will help drive growth" - Steve Genereau, EVP Prior to joining R&T, Mr. Ormseth held management roles at Wintrust Bank for 17 years. In his most recent role of EVP, Digital Channels and Transaction Banking, Tom managed all digital channels for both retail and commercial banking, product management, Treasury Management, International Banking and payment capabilities. He was also a member of the Asset/Liability Committee and instrumental in the funding of the bank during a major growth period. His background includes roles in asset liability management modeling and managing Information Technology groups. Prior to joining Wintrust Financial, Tom led Digital Commercial Product Management for ABN Amro North America. Tom was recognized for his contributions to the industry in 2015, being named Digital Banker of the year by the American Banker. "We look forward to the valuable insights and guidance Tom will provide to our banking team as we continue to strengthen our position in the industry," said Steve Genereau, R&T's EVP and Chief Deposit Officer. "His appointment reflects our commitment to delivering exceptional value to our clients, and we are confident that his deep understanding of emerging digital banking technologies will help drive growth and take our organization to the next level." About R&T Founded in 1974, Reich & Tang Deposit Networks, LLC (d/b/a R&T Deposit Solutions) provides deposit and liquidity solutions to financial intermediaries around the country. With over $200 billion in assets under administration, R&T offers a wide range of innovative tech-enabled services to help banks, credit unions, trust companies and wealth managers meet their unique cash sweep, deposit funding and securities-based lending needs. Through its Demand Deposit Marketplace® (DDM®) Program, R&T provides banks and other depository institutions with access to millions in reciprocal deposits, and underlying customers with access to expanded levels of FDIC insurance on their deposits through participating banks. R&T also is the trusted vendor of large broker dealers and other financial institutions that administer their insured cash sweep programs. Media Contact: Copyright © 2023. All rights reserved. Reich & Tang Deposit Networks, LLC, Reich & Tang Deposit Solutions, LLC, Stable Custody Group II LLC,  Total Deposit Solutions, LLC (each, d/b/a R&T Deposit Solutions) and/or any of their affiliates (together, "us", "we") provide administrative and/or recordkeeping services to participating financial institutions with respect to sweep and other programs we administer, including Demand Deposit Marketplace (DDM®), Reich & Tang Insured Deposits (RTID®) and Insured Deposit Program (IDP), as well as other services. We are not a depository, bank or credit union and the sweep and other programs we administer are NOT, themselves, FDIC-insured or NCUSIF-insured products. Rather, under the programs, funds are swept or placed into accounts at receiving institutions that are FDIC and/or NCUSIF insured, subject to program limits. Go to for a list of the banks and savings associations with which we have a business relationship for the placement of deposits under the programs we administer, and into which a participating institution may place deposits (subject to the limits and terms of those programs and any opt-outs by the participating institution and/or their customers). FDIC and NCUSIF insurance coverage is only available to protect a depositor against the failure of a participating FDIC or NCUSIF insured institution that holds the depositor's funds (and not to protect against the failure of any other party, including us). The services we provide with respect to the programs administered by us are primarily designed to provide administrative convenience for our financial institution clients to offer expanded FDIC or NCUSIF insurance on customer funds, and are not designed to provide customers with investment enhancements, or higher rates of returns or profits on their funds. All of our services are provided subject to the terms and conditions of the written agreements entered into between us and the participating institution, and we provide no representations or warranties, express or implied, except as expressly set forth in those agreements. SOURCE R&T Deposit Solutions ×

Deposit Solutions Frequently Asked Questions (FAQ)

  • When was Deposit Solutions founded?

    Deposit Solutions was founded in 2011.

  • Where is Deposit Solutions's headquarters?

    Deposit Solutions's headquarters is located at Drehbahn 7-11, Hamburg.

  • What is Deposit Solutions's latest funding round?

    Deposit Solutions's latest funding round is Merger.

  • How much did Deposit Solutions raise?

    Deposit Solutions raised a total of $198.9M.

  • Who are the investors of Deposit Solutions?

    Investors of Deposit Solutions include Raisin DS, Deutsche Bank, Headline, Kinnevik, Vitruvian Partners and 9 more.

  • Who are Deposit Solutions's competitors?

    Competitors of Deposit Solutions include OpenFin, Cashbee, Cross River Bank, TrueLayer, Tink and 11 more.

Compare Deposit Solutions to Competitors

OpenFin Logo

OpenFin provides financial services. It offers a desktop operating layer that enables banks and trading platforms to deploy desktop applications both in-house and to the buy-side and sell-side customers. The company was founded in 2010 and is based in New York, New York.

Meniga Logo

Meniga builds white-label personal finance management (PFM) and online banking solutions for retail banks. Meniga's digital banking platform helps banks use personal finance data to enrich their online and mobile customer experiences. Meniga has expanded its product offering to include data-driven card-linked offers, personalization, and other user-centric services designed to make online and mobile banking more engaging and useful. Banks can also use Meniga's technology to quickly introduce new services into their digital offerings.

TrueLayer Logo

TrueLayer offers an open banking payments network. It helps startups and banks to drive products in financial services and supports account verification, know-your-customer (KYC) processes, and transactional data for account aggregation, credit scoring, and risk assessment. It was founded in 2016 and is based in London, United Kingdom.

Cobase Logo

Cobase offers a solution to companies that hold accounts with different banks by developing a multi-bank platform. The solution arranges direct connections with banks, open banking APIs or uses existing networks like SWIFT. In addition to worldwide bank connectivity, the platform's key features include a central payment hub and various cash management and treasury management modules.

Leveris Logo

Leveris has developed an end-to-end platform to allow financial institutions and fintech startups such as digital-only banks or challenger banks to run their services.


Synapse develops a platform helping banks and developers work together. The technology involves developer-facing application programming interfaces (APIs) that allow companies to connect with banks to offer services, and also bank-facing APIs that allow banks to automate and extend back-end operations. It was formerly known as Synapse Payments. It was founded in 2014 and is based in San Francisco, California.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.