SHERIDAN, WYOMING – Mar. 6, 2025 – Depowise is expanding into Germany, introducing its next-generation AI-powered asset servicing solution to one of Europe’s most complex financial markets, valued at over €4 trillion.
"Germany hosts one of the largest and most sophisticated asset servicing markets in Europe. Institutions here require cutting-edge technology to meet regulatory demands, address operational challenges, and scale efficiently," says Artur Reiter, Co-Founder & Co-CEO of Depowise. "Depowise delivers precisely that – an AI-driven solution that propels the industry into the future."
Frank Becker Leads Depowise Expansion in Germany
To spearhead its mission, Depowise has appointed Frank Becker as Head of Solution Engineering. Previously serving as Vice President at BlackRock for the eFront Private Markets Solution Suite, Becker will lead technical solution development and serve as the primary contact for German financial institutions, solidifying Depowise’s presence in the German-speaking market.
"We are thrilled to welcome Frank Becker to our team," says Sven Peekmann, Co-Founder & Co-CEO of Depowise. "With him leading our expansion in Germany, we are confident Depowise will become the region’s premier technology for asset servicing automation."
With two decades of expertise in asset servicing, portfolio management, and asset management technology, Becker brings extensive industry knowledge. At BlackRock Solutions, he successfully led high-value enterprise deals, expanding market reach in EMEA, particularly in Scandinavia, the DACH region, and the Middle East. He also played a pivotal role in strategic solution engineering initiatives and internal process optimization. Before BlackRock’s acquisition, Becker, as Managing Consultant at eFront, significantly grew the client base in Germany, more than doubling the number of serviced customers.
"The asset servicing industry is at a turning point, and technology will shape its future," Becker states. "It's like transitioning from a typewriter to a high-performance AI-powered computer – faster, more efficient, and significantly more convenient. With access to state-of-the-art technology, there's no reason not to leverage it."
"Depowise has developed a solution that eliminates longstanding inefficiencies in the industry. Our platform natively incorporates AI to automate unstructured documents, data, and processes," Becker adds. "I look forward to introducing this technology to the German market. Our solution empowers businesses with data-driven insights and enables new automation routines for processes, controls, and compliance – all in full alignment with regulatory requirements."
Expanding Across Europe
Depowise is already serving clients across nine European markets, including key financial hubs such as Luxembourg, the United Kingdom, Switzerland, the Netherlands, and Sweden. Its solution is trusted by major banks and financial institutions, safeguarding over €1.5 trillion in managed assets worldwide.
Since its founding three years ago, Depowise has experienced rapid growth, entering new markets and expanding its service offerings. In 2024, the company reported a 200% year-over-year revenue increase and doubled its workforce to meet rising demand. Clients not only appreciate the intelligent platform but also value the team’s deep industry expertise and superior user experience.
Germany marks the next major milestone in Depowise’s European expansion. Under Frank Becker’s leadership, the company is committed to helping German financial institutions automate, scale, and future-proof their processes.
About Depowise
Depowise is an AI-powered asset servicing solution that automates, optimizes, and scales financial processes. By eliminating inefficiencies in control, compliance, custody, reporting, and documentation, Depowise reduces manual efforts and enhances profitability. Leading financial institutions across Europe rely on Depowise to set new standards in modern asset servicing.
For more information, visit.