Pictet rolls out Claude Code to 700 staff, cutting a two-week compliance gap analysis to hours
Swiss private bank Pictet, which manages around CHF 800 billion, rolled out Claude Code and Claude Cowork to about 700 people across its technology, product and business teams, training over 500 staff through 25 workshops with partner Artefact, with business data processing kept in the EU and Switzerland behind a purpose-built API gateway. A compliance gap analysis comparing over 50 internal directives against current regulations, originally sized at two weeks for a three-person team, was completed in hours, and product managers now generate working prototypes in two hours instead of two weeks.
Overview
Swiss private bank Pictet, which manages around CHF 800 billion, rolled out Claude Code and Claude Cowork to about 700 people across its technology, product and business teams, training over 500 staff through 25 workshops with partner Artefact, with business data processing kept in the EU and Switzerland behind a purpose-built API gateway. A compliance gap analysis comparing over 50 internal directives against current regulations, originally sized at two weeks for a three-person team, was completed in hours, and product managers now generate working prototypes in two hours instead of two weeks.
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Inspect the highlighted sourceThe challenge
Pictet's earlier internal chat assistant and coding assistants gave engineers only limited lift, and end users could not build anything complex on their own; some back-office work sat out of reach entirely, such as checking internal directives against the latest regulations across jurisdictions, a task the existing tools could not handle.
The solution
Pictet rolled out Claude Code to engineers and Claude Cowork to colleagues outside engineering in a staged rollout by persona and use case, starting with developers where data-residency constraints were loosest, bringing in Anthropic partner Artefact to co-organize a Claude Code hackathon and run 25 hands-on workshops training over 500 people, with business use cases required to run in the EU or Switzerland behind a purpose-built API gateway and no data persisting for model training.
Reported business value
A compliance gap analysis comparing over 50 internal directives against current regulatory standards, originally projected as a two-week undertaking for a dedicated three-person team, was completed in just hours using Claude Code; product managers now generate working prototypes in minutes instead of the one to two weeks a traditional cycle took; an infrastructure team built a centralized alerting system in hours rather than weeks.
Sources
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Other financial services entries in the register.
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