Regulatory Compliance Revolutionized
Categorizations I Suitability and Appropriateness I Cross Border I Third Country | AML/KYC - Delivered Instantly
Regulatory Compliance Revolutionized
Categorizations I Suitability and Appropriateness I Cross Border I Third Country | AML/KYC - Delivered Instantly
What We Do
We automate client onboarding and regulatory compliance for financial institutions using algorithmic rule-based artificial intelligence (AI) - delivering compliance checks that instantly and globally validate whether a financial institution can onboard a client to trade with it in a particular service, financial product and country. The muinmos PASS solution enables financial institutions to systemize and streamline client onboarding while validating regulatory compatibility for a range of financial products and services on a national and cross border basis. PASS empowers financial institutions to realize and utilize the full potential of their global client base.
Discover PASS in action. Schedule a demo.
Streamline and systemize client onboarding with the PASS regulatory engine
(GUI/API)
Streamline and systemize client onboarding with the PASS regulatory engine
(GUI/API)
Step into the future of regulatory compliance with PASS
PASS is a cloud-based technology using algorithmic rule-based artificial intelligence (AI) to instantly and globally validate whether a financial institution can onboard a client from any part of the world. PASS categorizes clients, conducts suitability and/or appropriateness testing, conducts cross border and third country clearances, and delivers results instantly. PASS can be used as a stand-alone system or integrated into existing systems via API, enabling the automation of workflows with a full audit track. PASS automatically notifies financial institutions of any regulatory changes, ensuring continuous compliance for onboarded clients.
How PASS Works
PASS generates a powerful and intelligent digital assessment that captures and assesses all relevant and necessary facts about the client based on the given regulatory framework; including all applicable regulatory parameters taking into account the client’s knowledge and experience, financial situation and investment objectives. Client’s unique inputs and the relevant regulations (MiFID II, EMIR and as equivalent) of the applicable jurisdiction(s) are automatically analyzed through our regulatory engine in real time to assess all relevant facts about the financial instruments and services offered to instantly categorize clients and test for the suitability and/or appropriateness on a per product, per service, per country basis. Results are shown in a traffic light rating system, with a full detailed breakdown of the results.
With PASS financial institutions can:
- Systemize and streamline client onboarding while delivering a compliant, faster and more efficient client onboarding experience
- Expand business opportunities with compliant client categorizations (e.g. retail clients that can be opted up to professional within the limits of the regulations)
- Mitigate regulatory risk and reversal of transactions by ensuring clients are categorized correctly and the financial products and services offered are suitable and/or appropriate, thus ensuring investor protection throughout the client lifecycle
- Facilitate global opportunities with instant cross border and third country clearances
- Deliver full service offering by testing tri-party relationships where a fund manager/advisor is involved
- Ensure continuous compliance 24/7 through the PASS regulatory engine
Discover PASS in action. Schedule a demo.
Our Story:
Founded in 2012, muinmos PASS revolutionizes regulatory compliance by enabling financial institutions to instantly and globally validate whether they can onboard a client in any part of the world. Our deep expertise in regulatory compliance is channelled through our technology to empower financial institutions to deliver a compliant, faster and more efficient client onboarding experience. PASS specializes in the following areas of the client onboarding experience: Client Categorisations, S&A, Cross Border and Third Country Clearances and Expert Advising.
