NS Partners joins the Wecan Comply compliance platform
NS Partners joins the Wecan Comply compliance platform
NS Partners joins the Swiss banking compliance platform, Wecan Comply. The solution developed by Swiss fintech Wecan Group uses blockchain technology to facilitate administrative integration with custodian banks.
Ultra-secure thanks to its blockchain-based technology, the platform simplifies data access for custodian banks to access data, thereby accelerating various bank transactions subject to control. Built to work like a smart data vault, the Wecan Comply system enables NS Partners to store required information and legal documents, which custodian banks can access at any time when conducting compliance checks.
Regulatory requirements are continually increasing in our industry, and the ability to meet them efficiently has become a critical factor for success. Based in Switzerland, this solution offers two major advantages: not only does it considerably reduce our administrative burden, but more importantly, it guarantees data integrity and security. But the technology is not the end purpose. It is merely a tool we can use to better serve our clients, said Maya Page-Feuz, who heads the group’s Legal & Compliance department.
Joining the Wecan Comply platform is a key step in our digital transformation process, which we initiated several years ago. Whether it’s in the area of data architecture, information security, business process automation, decision support, risk management or client interface, technological innovation is now critical to ensuring the future growth of an asset management company like ours, added Christophe Verbaere, Group Chief Operating Officer.
Wecan Comply brings banks and independent asset managers new opportunities and is rapidly emerging as a standard in Switzerland, said Vincent Pignon, founder and CEO of Wecan Group. Blockchain technology has the potential to transform the way compliance is managed, with simpler procedures, higher security and real-time auditability.