Wecan Group receives majority investor and 5 million Swiss francs for AI-supported compliance platform

The Swiss Wecan Group has taken a strategically important step in its further expansion. The company, which specializes in compliance solutions for banks and financial institutions, has announced that the listed company SEALSQ has increased its stake from 28 percent to a majority position.

In addition, SEALSQ is investing a further 5 million Swiss francs in the development of new compliance and security solutions for the global financial sector.

AI and post-quantum security for banks

The collaboration focuses on the development of an AI-based compliance co-pilot to support financial institutions with regulatory processes.

The platform will be based on an infrastructure that is already protected against future threats from quantum computers. To this end, technologies such as post-quantum cryptography, secure digital identities, hardware security modules (HSMs) and blockchain-based trust mechanisms will be integrated.

KYC, AML and digital assets

The planned Compliance Co-Pilot is intended to automate and optimize numerous tasks, including

• Know-Your-Customer (KYC) processes
• Money laundering prevention (AML)
• Customer onboarding
• Transaction monitoring
• Regular compliance checks
• Management of digital assets

The use of AI is intended to reduce processing times and implement regulatory requirements more efficiently.

Trust platform for the financial industry

Another focus is on trustworthy AI and traceable decision-making processes. Topics such as AI governance, auditability and data sovereignty are becoming increasingly important, especially in the heavily regulated financial sector.

Wecan is also working on technologies for confidential data processing, including homomorphic encryption and encrypted AI processes that keep sensitive data protected during analysis.

Already an established partner of leading private banks

The Wecan Group was founded in 2015 and has established itself as a provider of digital compliance infrastructures in the private banking segment.

Its clients include renowned financial institutions such as Pictet, Lombard Odier, Edmond de Rothschild, Syz and Barclays. According to the company, more than 100 financial institutions in several countries are already using the platform for digital customer onboarding, KYC analyses, contract management and regulatory review processes.

Growth at the intersection of AI and cybersecurity

For Wecan founder and CEO Vincent Pignon, SEALSQ's investment marks the start of a new growth phase.

SEALSQ also sees the investment as a strategic step towards establishing post-quantum security in highly regulated industries. In addition to traditional financial institutions, digital assets and tokenized financial markets will also benefit from the joint solutions in the future. With the combination of compliance automation, AI and quantum-secure infrastructure, Wecan is positioning itself in one of the fastest growing segments of financial technology.