Muinmos has been recognised as a ‘Functionality Standout’ in Celent’s Know Your Customer Systems: Adverse Media Screening report. The report assesses adverse media screening solutions used by financial institutions to identify and evaluate negative news and other risk-relevant information on clients, counterparties and related parties as part of their KYC and AML compliance programmes.
The ‘functionality standout’ rating was awarded to Muinmos as part of Celent’s Technology Capabilities Matrix, following in-depth evaluation by Celent’s analysts of multiple vendors offering adverse media screening solutions.
Muinmos stands out for using widely accepted definitions of adverse media, based on frameworks such as FATF Recommendations and AML Directives, alongside its cleansing and structuring of the data. In addition, Muinmos’ adverse media screening is integrated with other client data points as part of an overall risk profile, rather than operating as a separate system or standalone report. This enables firms to build a complete picture of each client and assess adverse media findings in the context of broader onboarding, KYC and risk information.
Remonda Kirketerp-Møller, Founder and CEO, Muinmos said, “We are very proud to receive this endorsement from Celent in recognition of the strength of our functionality and the practical value of our approach. This is yet another expert validation of our focus on usable, structured data to help compliance teams to save time and identify genuine risks more effectively.
“Our adverse media solution is not only extensive and functional but is also actionable – we provide the right data and also ensure that clients can use the information effectively. We are delighted that Celent has recognised these capabilities, particularly given its deep understanding of the industry and what firms need in practice.”
Muinmos has received multiple awards and industry analyst accolades and is trusted by a wide range of institutions: from banks and investment firms to neo-banks, crypto firms, payment providers, wealth managers, professional services and FinTechs. To read Celent’s report, please visit: Celent