Provides blockchain-based compliance solutions for financial institutions, enabling secure data management, auditability, and real-time sharing through tokenization and decentralized infrastructure. Streamlines processes like KYC, KYB, and virtual register management, ensuring data accuracy, regulatory compliance, and protection against cyber threats.
Funding
$5.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face challenges in managing compliance processes, including onboarding, KYC/KYB, and data sharing, often relying on inefficient and insecure methods. This can lead to increased operational costs, regulatory compliance issues, and vulnerability to cyber threats.
Solution
Wecan provides blockchain-based compliance solutions that enable financial institutions to securely manage, audit, and share data in real-time through tokenization and decentralized infrastructure. The platform streamlines processes such as KYC (Know Your Customer), KYB (Know Your Business), and virtual register management, ensuring data accuracy and regulatory compliance. Wecan's solutions enhance data security by leveraging blockchain technology, offering a secure and efficient way to manage sensitive information and mitigate the risk of data breaches. The platform facilitates secure data exchange between external asset managers and custodian banks, ensuring confidentiality and preventing unauthorized access.
Target Audience
Wecan's primary customers include financial institutions, wealth management firms, banks, financial intermediaries, and external asset managers seeking to streamline compliance processes, enhance data security, and improve operational efficiency.
Features
- Blockchain-based data tokenization for auditability and secure sharing
- Wecan Comply platform for managing regulatory data and connecting financial institutions
- Wecan Connect for secure and efficient communication with partners and customers
- Wecan Chain for bringing auditability to any application
- Customizable data collection portals for KYC/KYB processes
- Integration with existing IT solutions, including core banking systems, PMS, and CRM
- Secure data vault for storing and transferring data with advanced cryptography
- WECAN Token to anchor transactions on Wecan Chain and record hashes linked to data transmitted by Wecan Comply