DAB BNP Paribas

What DAB BNP Paribas does

DAB BNP Paribas is a licensed German custodian bank (depotführende Bank) and specialized securities settlement platform serving independent asset managers (Finanzportfolioverwalter), fund distributors, investment advisors, institutional clients, and fintechs. The business was founded in 1994 as one of Germany's first discount brokers, listed publicly in 1999, and was acquired by BNP Paribas in 2014; following a 2015 squeeze-out and a 2015/2016 merger into BNP Paribas S.A., it now operates as a registered brand under BNP Paribas S.A. Niederlassung Deutschland within the BNP Paribas Personal Investors Germany business line alongside Consorsbank and BNP Paribas Wealth Management Private Banking.

The core platform is the B3 WebClient, a browser-based portfolio management and trading interface, supported by a suite of API/integration protocols (RESI with Swagger documentation, XKO, XML/XSD) that enable digital account opening, automated order routing, digital signatures, and video identification. Additional modules include PAM portfolio reporting, DAB SecurePlus QR-TAN authentication, a trading desk, eBox document management, ETF savings plans (~330 execution-fee-free plans via partnerships with Amundi, Fidelity International, and BNP Paribas Asset Management), ELTIFs, and EUREX/US derivatives. The platform provides access to over 42,000 investment funds from more than 350 investment companies and serves more than 1,300 financial intermediaries, holding approximately €45 billion in customer assets under custody across 140,000+ end-customer depots.

DAB operates a pure B2B / B2B2C model and monetizes through transaction fees, account and depot (custody) fees, and margins on OTC trading. Its go-to-market combines direct enterprise sales to independent wealth managers with self-serve digital onboarding via b2b.dab-bank.de and white-label / API-based infrastructure for fintechs. The company is headquartered in Munich with additional offices in Nuremberg and Frankfurt, and is supervised by BaFin, the ECB, ACPR, AMF, and Banque de France. No standalone revenue is disclosed; financials roll up into BNP Paribas Group.

Name

DAB BNP Paribas

Legal name

BNP Paribas S.A. Niederlassung Deutschland

Website

https://b2b.dab-bank.de

Company type

Private

Founded year

1994

Operating status

Operating

Short description

DAB BNP Paribas is a German licensed custodian bank and securities settlement platform serving independent asset managers, fund distributors, investment advisors, institutional clients, and fintechs, operating within BNP Paribas Personal Investors Germany.

Ownership category

akta.pro rank

Product category

Securities Custody and Settlement Banking

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Finance and Insurance (52)

SIC

Finance Services (6199)

akta.pro primary industry

A2A Reconciliation, Reporting & Treasury Ops (FSAMAFAJ)

akta.pro secondary industry

Treasury, Cash Management & Liquidity (SME) (FSAGAJAG)

Keywords

• Securities custody banking
• Fund distribution platform
• Wealth management infrastructure
• B2B custodian services
• Independent asset manager banking

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Transaction Fees: Fees charged per trade or securities transaction executed through the platform
2. Account and Depot Fees: Custody and account maintenance fees charged to financial intermediaries and their end customers
3. Margin on Financial Products: Revenue generated from spreads and margins on OTC trading and financial products

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

DAB BNP Paribas operates as a B2B custodian bank and specialized securities settlement platform for independent asset managers, fund distributors, investment advisors, institutional clients, and fintechs in Germany. The company provides custody and settlement infrastructure (depotführende Bank) with access to over 42,000 investment funds from 350+ investment companies, ETF savings plans, OTC trading access, digital account opening, electronic signatures, and white-label banking-as-a-service capabilities via API interfaces (RESI, XKO, XML/XSD) and the B3 WebClient portfolio management platform.

Product overview

DAB BNP Paribas operates as a custodian bank and specialized securities settlement platform for independent asset managers, fund distributors, investment advisors, and institutional clients, forming part of BNP Paribas Personal Investors Germany along with Consorsbank and BNP Paribas Wealth Management Private Banking. The core platform (B3 WebClient) provides browser-based portfolio management and trading, supported by multiple interface protocols (RESI with Swagger documentation, XKO, XML/XSD via API) that enable digital account opening, automated trading operations, and digital signature capabilities for financial intermediaries. Additional modules include ETF savings plans with partners Amundi, Fidelity International, and BNP Paribas Asset Management (approximately 330 transaction-fee-free ETFs), DAB SecurePlus QR-TAN authentication, PAM reporting, trading desk services, and white-label solutions. The platform provides access to over 42,000 funds from more than 350 investment companies and serves more than 1,300 financial intermediaries.

Differentiator

Problem solved

Functional benefit

Brands

• Consorsbank: Digital bank brand for retail customers offering free current accounts, securities trading, fund savings plans, and mortgage financing. Part of BNP Paribas Personal Investors Germany. Approximately 2 million customers in Germany.
• BNP Paribas Wealth Management – Private Banking
• DAB SecurePlus
• Smartbroker

Quantifiable outcome

• Germany's #1 depot bank for independent wealth managers with >60% market penetration among licensed financial portfolio managers
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• SmartbrokercoreChannel Partner/ Reseller/ Distributor · 1 January 2019Smartbroker appointed DAB BNP Paribas as their depot bank (custodian) since 2019, providing custody and settlement services for the digital brokerage platform.
• WorldSparencoreChannel Partner/ Reseller/ Distributor · 1 January 2018WorldSparen transitioned DAB BNP Paribas as the custodian bank for their customers starting in 2018, providing securities custody and settlement infrastructure for the savings platform.
• AmundiflagshipStrategic or Co-development PartnerETF partnership offering approximately 330 ETF savings plans (Sparpläne) without execution costs, providing significant cost advantages for end investors using the DAB platform.
• Fidelity InternationalcoreStrategic or Co-development PartnerETF partnership providing access to Fidelity International's ETF products through DAB BNP Paribas's platform for financial intermediaries.
• BNP Paribas Asset ManagementcoreStrategic or Co-development PartnerExisting ETF partnership with the asset management arm of the parent company, offering approximately 40 ETFs through the DAB platform.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Others

• Smartbroker: Smartbroker (Wallstreet Online AG) is a German neobroker that uses DAB BNP Paribas as its custodian bank (since 2019). It is a direct channel partner today but could evolve into a competitor if it brings custody infrastructure in-house or switches to an alternative custodian.

Direct peers

• Baader Bank: Baader Bank is one of Germany's leading custodian and trading partners for independent asset managers and financial intermediaries. It offers a comparable B2B platform covering securities custody, fund distribution, and OTC trading — directly competing with DAB for the same Finanzportfolioverwalter and institutional intermediary segment.
• ebase (European Bank for Financial Services): ebase, part of the European Bank for Financial Services group, provides B2B custody, depot, and fund platform services to financial intermediaries, wealth managers, and fintechs in Germany. It is a direct competitor in the digital custody/platform space serving independent asset managers.
• Hauck & Aufhäuser: Hauck & Aufhäuser is a German private bank offering securities custody, fund services, and asset management to independent wealth managers, family offices, and institutional clients. Its B2B custody and fund platform offering directly overlaps with DAB's intermediary-focused proposition.

Broad incumbents

• DZ Bank: DZ Bank is the central institution of the German cooperative banking sector and offers custody and securities services through affiliated institutions including Union Investment. It competes with DAB for institutional and intermediary custody mandates, particularly through cooperative bank channels.
• flatexDEGIRO: flatexDEGIRO is Germany's largest online broker and one of Europe's leading retail brokerage platforms. While primarily retail-focused, it competes for OTC execution and end-customer depot activity, and its scale creates pressure on transaction-based pricing across the German securities services ecosystem.
• DEKA Bank: DEKA Bank is the central securities services provider for the German savings banks (Sparkassen) and a major German fund platform. It serves institutional and intermediary clients with custody, fund distribution, and asset servicing — competing for the same Sparkassen-affiliated intermediary base that is adjacent to DAB's wealth manager segment.
• Consorsbank: Consorsbank is the sister retail brokerage brand of DAB BNP Paribas under BNP Paribas Personal Investors Germany. Although retail-focused, its securities trading and ETF savings plan offerings compete in the broader German securities platform market and were merged into a single business line with DAB in 2016.
• HSBC Trinkaus: HSBC Trinkaus (formerly Trinkaus & Burkhardt) is a large German custodian and securities services bank within HSBC Group. It serves institutional and intermediary clients with custody, trading, and asset servicing capabilities, overlapping with DAB's B2B custody proposition at a larger international scale.

Emerging players

• Scalable Capital: Scalable Capital is a fast-growing German digital wealth management and brokerage platform. As an emerging B2C and B2B player with strong digital onboarding, it represents the type of digital-first competitor that could challenge DAB's intermediary-led model over time.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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 DAB BNP Paribas