For the second consecutive year, Muinmos has won the Best RegTech Reporting Solution at the Global Forex Awards 2021 – B2B. The award is in recognition of Muinmos’ innovative Regulatory Onboarding Engine which uses AI and machine learning to create a streamlined, fully automated onboarding process, making it possible to onboard any client type across multiple jurisdictions in under 3 minutes. Muinmos’ engine also keeps monitoring the clients throughout the relationship, ensuring 24×7 compliance throughout the client lifecycle.
The Global Forex Awards 2021 – B2B, organised by Holiston Media, are a celebration of forex and related businesses from around the world who are pushing the boundaries of innovation in B2B forex trading solutions. Winners are selected through a public voting process, with the awards championing the best providers in the B2B forex trading ecosystem. This year over 9,000 votes were cast from over 3,400 unique voters.
Mike Boydell, Director of Holiston Media said, “What sets these awards apart is that the independent nomination and public voting processes mean that all Global Forex Awards 2021 – B2B winners have one thing in common, they were chosen by real forex trading businesses and customers from around the world. Winning a Global Forex Award 2021 – B2B is a benchmark of success that will not only impress potential new customers but will also boost existing client comfort and loyalty.”
Remonda Kirketerp-Moller, Founder and CEO, Muinmos added: “Winning this award for the second year in a row confirms our position as a RegTech leader and we are thrilled that Muinmos has been recognised globally for having the Best RegTech Reporting Solution. Thank you to everyone who voted for us – it is hugely appreciated by our team.
“At Muinmos we believe that our proprietary technology truly stands out for its innovation, ease of use and ability to address a real pain point for financial institutions – how to stay compliant 24×7 when operating across multiple jurisdictions in an increasingly complex regulatory landscape. Through our products, we are playing a major role in helping financial institutions to mitigate the risk of regulatory fines and reversal of trades and are also alerting them to new sales opportunities which they can pursue with clients, within regulatory guidelines.” Muinmos’ Regulatory Onboarding Engine comprises of three distinct and secure product modules, mPASS™ for full financial product, services and cross-border clearances including automated categorisation, suitability and appropriateness checks; mCHECK™ covers all relevant AML/KYC/KYB requirements; and mRX™ is a risk management module enabling financial institutions to risk profile their clients based on their pre-configured risk parameters.