Award-Winning Proprietary Engine that Delivers Instant Compliance Results Globally Secure continuous regulatory compliance wherever you are
Client Categorisation / Suitability & Appropriateness / Cross Border / Third Country / KYC & AML Clearances
Instant Client Onboarding
Muinmos’ proprietary Regulatory Onboarding Engine uses algorithmic rule-based Artificial Intelligence, Machine Learning and Neural Nets, and is used by banks, brokers and asset and wealth managers across the globe.
Through three distinct and secure product modules, mPASS™, mCHECK™ and mRX™, Muinmos:
- Delivers automated onboarding of any client type in under 3 minutes
- Increases new business opportunities by identifying which products you can sell to which clients and in which jurisdictions
- Ensures you are always compliant across multiple jurisdictions, mitigating risks of fines from regulatory breaches
Discover how Muinmos’ Regulatory Onboarding Engine helped a Global Financial Institution onboard its clients in less than 3 minutes
Instant regulatory clearances with a full audit trail with ongoing monitoring
Determine whether a particular financial service and product can be offered to an individual/company in a particular country based on their regulatory status
Instant comprehensive KYC/AML reports, full audit trail and ongoing monitoring
Rigorous global KYC/AML checks, forming an integral part of your regulatory framework
Instant monitoring risk status with a full audit trail with ongoing monitoring
Create automatic risk assessments on your clients based on all relevant factors including jurisdictional, client type and category, product and service offered, KYC/AML parameters
Muinmos is an award-winning RegTech company with a unique AI-based product that enhances the compliance function for financial institutions worldwide. It instantly validates your clients, from the onboarding stage and throughout their lifecycle with your financial institution, and covers key regulatory and legislative frameworks including MiFID II.
With Muinmos’ revolutionary technology, corporate or individual clients can be fully cleared and ready to be onboarded in just under 3 minutes. As regulatory parameters change, mPASS™ and mCHECK™ instantly alert financial institutions of any regulatory change or even potential new sales opportunities, ensuring ongoing 24x7 compliance across the globe whilst mitigating the risk of fines and mis-selling.
Using mPASS™, clients are correctly and instantly classified in accordance with the relevant legislation in accordance with both the domicile of the financial institution and their client.
Using mPASS™, a client’s knowledge and experience, financial situation and investment objectives are assessed in compliance with the prevailing regulatory requirements and guidelines. Assessments, including scoring and thresholds, can be customised according to the financial institution’s internal compliance policies and procedures.
mPASS™ enables compliant cross border and third-country selling by securing the regulatory clearances of the financial institution’s clients from any part of the world, ensuring the products and services offered to their client are permitted in the relevant jurisdictions at all times.
mCHECK™ conducts all relevant AML checks and provides the financial institution with clearances on politically exposed persons (PEPs), sanctions and watchlists, adverse media and other types of relevant data in consolidated and structured profiles.
Regulatory Sandboxes
Muinmos is taking part in the Danish Financial Supervisory Authority (FSA) sandbox and was selected for the 5th cohort of the UK Financial Conduct Authority’s (FCA) sandbox. We welcome the participation of financial institutions that are keen to test the innovative impact of our proprietary Regulatory Onboarding Engine on their regulatory compliance. We are interested in working in partnership with regulators to use our proprietary technology to create the highest standards in regulatory compliance.
Why Muinmos?
Muinmos delivers a faster, more efficient way to perform cross-border regulatory compliance and provides an enhanced client onboarding experience.
The innovative Muinmos proprietary Regulatory Onboarding Engine has been developed in-house applying natural language processing, machine learning and neural nets by a team of legal and compliance experts and technologists, all with decades of experience in major markets as well as insight from working with global regulators. Muinmos’ Founder and CEO, Remonda Kirketerp-Møller, a qualified lawyer in multiple jurisdictions, has held Board level positions and headed up legal, compliance and regulatory functions within two global financial institutions.
Muinmos understands the pain points and inefficiencies of the traditional compliance model which can impede sales and result in faulty client onboarding, leaving the financial institution at risk of mis-selling.
Award Winning Proprietary Regulatory Onboarding Engine
Find out to increase efficiency across the compliance function with our case study
Our Story
Muinmos when read in reverse is Latin for a dream. In every sense, our mission is a dream come true for the financial compliance sector. Structured automation through AI and machine learning is how we envisage 21st-century compliance.
Muinmos was founded in 2012 by Remonda Z. Kirketerp-Møller who spotted a gap in the market to use cutting-edge technology to deliver a compliant, faster and more efficient client onboarding experience. Over the last eight years, following significant investment in technology and against the backdrop of an increasingly complex regulatory environment, Muinmos has invested in and evolved its unique proprietary Regulatory Onboarding Engine.
The Muinmos team consists of some of the industry’s most respected FinTech entrepreneurs and technologists across Europe and Asia, with extensive in-house experience within global financial institutions as well as in-depth knowledge from working closely with regulators.
Keeping up-to-date and remaining compliant in a fluid regulatory landscape across multiple jurisdictions is a huge burden for financial institutions of all sizes. Muinmos automates this process, providing a simple, fast and efficient way to address this issue, fully empowering financial institutions to drive their business forward whilst strengthening their compliance and protecting their investors.
