A fortnightly briefing from Letro for law, finance and fiduciary firms. Every record is dated, sourced and kept.
Security, identity and AI news for law, finance and fiduciary practice.
Practical writing on secure, evidential client communication for regulated firms.
One of the core principles of Web3, transparency, can also be one of its greatest drawbacks. Nobody wants all of their online activity, from financial transactions to personal identity data, to be publicly available for anyone to view. In order for blockchains to scale and become more accessible, privacy has to be a priority.
Independent External Asset Managers (EAMs) in Switzerland face a structural onboarding problem: KYC processes that are formally compliant but operationally expensive, slow, and fragile under audit. This article examines whether that problem truly exists, where the cost and risk accumulate before any AUM is onboarded, and why many EAMs are quietly searching for a more “client-portal-like” onboarding experience, without lowering compliance standards under FinIA
This article evaluates whether Swiss EAMs face a genuine delivery-layer problem and why a private-banking-grade vault model is increasingly the baseline for risk mitigation, not a premium add-on.