Olivier Maréchal and Vincent Dron (WPYiT): Finding the right expert at the right moment
Olivier Maréchal and Vincent Dron, co-founders of Luxembourg’s WPYiT platform, explain how their business is able to connect independent consultants with financial sector businesses in the grand duchy to meet urgent needs for expertise quickly and efficiently.
©360Crossmedia / CN
What does your business do?
Our Luxembourg-based platform We Put You in Touch – WPYiT – enables independent consultants to be connected directly with financial sector businesses that need their expertise. This digital marketplace simplifies professional relationships by providing an intelligent solution to identify the right expertise quickly according to the requirements of the business at the time. WPYiT is used by banks, asset managers, insurance companies and other financial institutions to provide assistance to their in-house staff, help drive transformational projects or undertake critical operational tasks. It provides consultants with projects suited to their expertise and availability, without cold-calling or time-consuming administrative formalities, enabling them to focus on their core professional capabilities. This revolutionises traditional approaches, with speed, security and transparency at the heart of every relationship, customised and on demand.
“Cost reduction is becoming a key priority.”
What are the most pressing needs today in the financial services industry?
In Luxembourg, financial institutions are juggling a range of urgent strategic priorities, headed by regulatory compliance. EU legislative initiatives such as DORA, AML/KYC directives, the Retail Investment Strategy, the General Data Protection Regulation as well as ESG transparency requirements are of primary importance. Another priority is the digital transformation, encompassing migration to the cloud, adoption of artificial intelligence and strengthening of cyber-security. Modernising legacy information systems has become critical for adherence to regulatory and operational needs. The shift toward sustainable finance is also accelerating as investment strategies and reporting increasingly must comply with ESG standards, requiring new capabilities. As salaries rise, cost reduction is becoming necessary; consolidating institutions’ workforce while ensuring the completion of critical projects is in line with the logic of rationalisation. In addition, new expectations in terms of working flexibility are prompting a rethink of organisational models and anticipation of the skills that will be required in the future.
©360Crossmedia / CN
©360Crossmedia / CN
Olivier Maréchal
Vincent Dron
How is WPYiT facilitating these developments?
In response to these challenges, WPYiT offers a rapid, secure and transparent solution to identify qualified independent experts, avoiding complex and lengthy procurement processes. The platform directly connects companies and consultants through a search engine developed with a taxonomy of capabilities tailored to Luxembourg’s financial ecosystem. In cases where highly specialised expertise is required, WPYiT can also draw on an international network to expand the talent search outside the grand duchy. Signing up is free, with payment to the platform fully contingent on the success of the engagements concluded. A small commission is also payable on the fees paid to contracted consultants. In a fast-changing environment, WPYiT represents a flexible response: targeted access to the right expertise at the moment when it’s needed.