Deutsche WertpapierService Bank AG products, services and reviews

About Deutsche WertpapierService Bank AG

Deutsche WertpapierService Bank AG (dwpbank) is a German transaction bank that specializes in securities processing for financial institutions rather than serving retail customers directly. The bank operates as a business-to-business outsourcer, providing custody account administration, order routing and market connectivity, settlement and clearing interfaces, corporate actions processing, income processing, withholding tax and tax reporting under German rules, and regulatory reporting for transaction and transparency requirements (e.g., MiFIR/MiFID II; other regimes where applicable). Its platform is designed to standardize and centralize back-office workflows for client institutions, including savings banks, cooperative banks, private banks, and online brokers, with connections to domestic and international market infrastructures such as trading venues and central securities depositories. dwpbank is a licensed credit institution under the German Banking Act and is supervised by BaFin and the Deutsche Bundesbank. The company is based in Germany, with Frankfurt am Main as a key location and additional operations sites in the country. It offers white-label brokerage and custody solutions and supports API-based integration to client front ends. In 2023 it introduced “wpNex,” a service enabling participating banks to offer selected crypto assets, implemented with external trading and custody partners. Revenue is predominantly fee-based, tied to volumes and service scope agreed with clients; end-customer pricing remains with the client banks. Core risk factors include operational and cybersecurity risk, dependence on third-party market infrastructures and IT vendors, regulatory change, and volume sensitivity to capital market activity.