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Understanding Ginmon
Which custodian bank does Ginmon use?
Which custodian bank does Ginmon use?

Bank, partner bank, custodian bank, DAB

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Depending on the product, Ginmon uses Upvest (Trend Investments) or DAB Bank (for all other products) as the custodian bank.

In 2016, DAB Bank AG and Consorsbank became part of the major French bank BNP Paribas.

In the course of this, the previous business of DAB Bank was split up in that previous private customers are now managed by Consorsbank. In contrast, previous business customers - this concerns Ginmon customers - will continue to be managed by DAB Bank.

Upvest is a fintech startup that enables Ginmon to provide their customers with seamless, reliable and secure access to investment opportunities. To achieve this, they have developed an investment API that can be scaled flexibly and modularly. Upvest is now one of the few providers in Europe with licenses in financial commission business, proprietary trading and custody business in the traditional securities sector.

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