Arab Bank Switzerland incorporates blockchain compliance platform

Arab Bank Switzerland has onboarded blockchain compliance platform, Wecan Comply. The collaboration with Wecan aims to enhance Arab Bank’s digital asset offering.

The group will use Wecan’s software to secure the storage, collection and sharing of compliance data for independent asset managers who are clients of Arab Bank Switzerland during onboarding, monitoring and annual reviews.

Wecan’s digital solution will also allow the bank to more efficiently onboard crypto-native counterparts and financial intermediaries that contribute to Wecan.