Barclays Private Bank Switzerland partners with Wecan to facilitate Onboarding and Review for External Asset Managers

Wecan Group is pleased to announce that Barclays Private Bank Switzerland has partnered with Wecan, the leading digital compliance platform, to strengthen its regulatory framework and enhance its services for External Asset Managers (EAMs).

Through this partnership, Barclays Private Bank Switzerland will initially deploy Wecan’s solution for its EAM ecosystem, enabling a fully digital, secure and standardised onboarding and KYC process between external asset managers and the bank.

Wecan provides a comprehensive, end-to-end compliance solution covering the entire value chain — from full digital onboarding to identity verification, sanctions, adverse media and PEP screening, as well as ongoing risk assessments. Combined with a blockchain-based audit trail, the platform enables perpetual KYC, ensuring compliance data remains continuously up to date, traceable and audit-ready throughout the client lifecycle.

By leveraging Wecan, Barclays Private Bank Switzerland is able to securely collect, manage and exchange sensitive compliance data in a decentralised and tamper-proof environment, while automating a large portion of onboarding and review processes. This approach significantly reduces administrative burden, strengthens risk management and improves operational efficiency.

Already used by leading private banks, Wecan is designed to accelerate onboarding timelines, enable faster revenue generation, reduce compliance and operational risks, and automate key compliance workflows, while maintaining the highest regulatory standards.

Wecan is currently used by a fast-growing ecosystem of private banks, EAMs, fintechs and trust companies. By leveraging blockchain technology, the platform ensures maximum data security, immutability and full data ownership, addressing increasing regulatory pressure while supporting scalable growth.

“We are delighted to partner with Barclays Private Bank Switzerland. Starting with External Asset Managers, this collaboration demonstrates how Wecan enables financial institutions to digitalise compliance end to end, support growth, and move towards a truly perpetual KYC model.”

Vincent Pignon, Founder and CEO of Wecan Group

Through this partnership, Barclays Private Bank Switzerland further strengthens its position as a trusted banking partner for External Asset Managers seeking efficient, transparent and technology-enabled compliance processes.

About Barclays Private Bank Switzerland

Barclays is a British universal bank with more than 325 years of history and expertise in banking. Operating in over 40 countries and employing approximately 83,000 people, Barclays moves, lends, invests and protects money for clients worldwide. In Switzerland, Barclays offers tailored private banking and investment solutions to a select international clientele, including External Asset Managers and family offices.

About Wecan Group

Wecan Group is a Swiss regtech company developing secure digital infrastructure for the financial industry. Wecan enables financial institutions and their partners to streamline digital onboarding, implement perpetual KYC, reduce compliance costs and ensure full auditability and data traceability.