Banque Heritage joins Wecan Comply’s blockchain based compliance platform and aims to create a digital ecosystem for its EAMs.
Banque Heritage has joined Swiss fintech Wecan Comply’s compliance platform that is predicted to revolutionize the compliance procedures in Swiss banking. The increasing regulatory requirements in the banking environment have left many asset managers facing two problems: compliance demands reaching critical levels while at the same time fighting to improve efficiency when it comes to exchanging client documentation with their custodian banks.
Banque Heritage is helping its External Asset Managers by providing them the platform that serves both sides best. All aspects, from data security to administration and on demand access are improved.
The platform is not only aiming at EAMs and custodian banks, but also trustees and even any entity involved in handling a client’s KYC.
“Through our ambition to provide our partners with added value, we constantly build on solutions and expand services for our business partners. As their custodian bank we are enablers in the ecosystem of Swiss Private Banking, thriving to be the first choice for national and international clients seeking the best service providers.”
says Michael Welti, Head of Private Banking, adding
“This new way of exchanging compliance relevant documentation will definitely become the standard in Switzerland.”
Vincent Pignon, founder and CEO of the Wecan Group summarizes
“Blockchain technology has the potential to transform the way compliance is managed, with simpler procedures, higher security and real-time auditability. We are excited to welcome Banque Heritage as partner on the platform and we are confident their clients and business partners will benefit greatly.”
In July Julius Bär also announced a partnership with Wecan.
Featured image credit: Wecan
