Proximus NXT, a key player in digital solutions and transformation in Luxembourg, announces a partnership with Wecan Group for the deployment of Wecan Comply, an innovative solution for the secure exchange of compliance data and documents (KYC/KYB).
This exclusive partnership will enable Proximus NXT to host and deploy the Wecan Comply platform on servers located in Luxembourg, ensuring local financial institutions optimal compliance with regulations and efficient management of their compliance data.
A Proven Solution for Regulatory Compliance
Developed by Wecan Group, Wecan Comply is a leading solution in the Swiss market, already adopted by more than 10 major private banks, including Lombard Odier, Edmond de Rothschild, and Pictet. This platform allows financial institutions to streamline their KYC/KYB data exchanges with their counterparties using a secure and decentralized infrastructure.
With Wecan Comply, financial institutions benefit from optimized compliance processes:
- Reduction of errors and non-compliance risks through the automation of KYC/KYB data and document exchanges.
- Optimization of operational workflows by eliminating repetitive administrative tasks.
- Enhanced transparency and security via a blockchain infrastructure ensuring the authenticity and audit trail of exchanges.
An Exclusive Partnership to Meet the Needs of the Luxembourg Market
By partnering with Wecan Group, Proximus NXT becomes the exclusive partner for hosting and providing Wecan Comply in Luxembourg. This collaboration aims to support Wecan Group’s existing clients looking to expand their platform usage in Luxembourg while meeting local regulatory requirements.
Wecan Group also aims to broaden its footprint in the wealth management ecosystem by integrating players such as insurers, asset managers, and fund administrators.
According to Gérard Hoffmann, CEO of Proximus Luxembourg: “This partnership with Wecan Group complements our range of solutions for the financial sector in Luxembourg. By integrating Wecan Comply into our offering, we provide an additional response to the needs of banks and financial players in terms of compliance, particularly for optimizing KYC/KYB”
processes.”
Vincent Pignon, Founder and Chairman of the Board of Wecan Group, adds: “This partnership represents a key first step in our establishment in Luxembourg and will allow us to serve our first clients within a few months. We have been considering this expansion for several years and are now ready to move forward. We are delighted with this collaboration with Proximus and its teams, whose values align with ours. We have great ambitions for this partnership, with a strong local commitment to supporting our Swiss clients looking to benefit from our solution in Luxembourg while developing our customer base in this uniquely positioned market. “
About Wecan Group
Founded in 2015 in Switzerland, WeCan Group is a technology company dedicated to enabling financial and non-financial institutions to optimize their data and document management processes securely. Its flagship product, Wecan Comply, is a leading platform for orchestrating KYC & KYB compliance data. From onboarding to periodic reviews and audits, the platform seamlessly connects financial institutions through a secure and standardized data exchange protocol.
Wecan Group has established itself as a market leader in Switzerland, recognized and adopted by major wealth management firms, banks, financial intermediaries, and large global enterprises. The platform enables the storage, request, sharing, and management of various types of data, such as KYB and KYC, leveraging the most advanced data exchange and storage infrastructure on the market.
About Proximus NXT
Proximus NXT Luxembourg supports all organizations in their digital transformation, by
providing holistic ICT & Telecommunication solutions, as well as tailored managed services. With our partners and customers, we co-create opportunities and enable growth in a secure and sustainable manner. As a result of our unique expertise in next-gen IT services, mobile and advanced connectivity, we help our customers achieve their ambitions and realize their vision. Together with them and our partners we implement sovereign and trusted solutions that make people work smarter. www.proximusnxt.lu
