Today Wecan Comply announced that private bank Julius Baer joined its blockchain platform. Switzerland has numerous independent asset managers with assets in custody at private banks. It is the compliance documentation for onboarding asset managers with private custodian banks that is automated by the solution, as well as annual reviews.
The platform enables asset managers to submit the same onboarding documents to multiple custodian banks and the same for changes.
“As a private bank with a strong entrepreneurial spirit, we are committed to empowering the success of our clients and partners through innovative solutions,” said Michel Yigit, Head Intermediaries German-speaking Switzerland, Julius Baer.
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