mRX™ Client Risk Assessments
mRX™ creates automatic client risk assessments based on all relevant factors including jurisdictional, client type and category, product and service offered, KYC/AML parameters.
Pioneering Risk Scoring Module
mRX™ is an innovative regulatory matrix that provides risk scoring on a client based on a Financial Institution’s pre-set parameters generated through the mPASS™ and/or mCHECK™ modules.
It covers areas such as jurisdictional risk, regulatory risk, categorisation risk, product risk, KYC risk and provides a real-time client risk assessment on the Financial Institution’s client base. Importantly, it monitors all clients from the onboarding stage and throughout their lifecycle with the Financial Institution.
Discover how Muinmos' Regulatory Onboarding Engine helped a Global Financial Institution Onboard Its Clients in Less Than 3 Minutes
mRX™is the ideal tool for robust client risk assessment. With mRX™, risk scores are tabulated and presented in an instant. This is in addition to the rigorous KYC/KYB report on the client available through mCHECK™.
Risk profile on every client based on the Financial Institution’s pre-configured risk parameters.
Instant and ongoing monitoring of risk status.
Full audit trail for regulatory reporting.
Cloud-based SaaS product, with quick and easy integration.
Available with mPASS and/or mCHECK™.
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mRX ™ FAQs
mRX™ enables Financial Institutions to fully configure their risk group profiling, based on the legislative framework and their risk appetite. mRX™ carries out client risk assessments taking into account various risk group areas such as jurisdictional, regulatory, classification, financial products and services, as well as KYC/KYB results, to generate a unique instant risk report on clients based on pre-determined risk parameters.
It is very easy to customise the risk parameters and adjust them to the Financial Institution’s policies. It is very simple to set up.
Financial institutions can take mPASS™ and mCHECK™ as standalone modules. However, as mRX™ assesses clients through mPASS™ or mCHECK™, it can only be licensed if the Financial Institution also licenses either mPASS™ or mCHECK™ – or both.
Yes, definitely. The mRX™ module keeps on monitoring clients and provides current, up-to-date assessments of a client’s risk profile in any case of change, be it in the state of the individual client, or in the system’s risk parameters (which a Financial Institution can choose to update, for example, following a change in its policies).
For a complete regulatory compliance solution, Muinmos’ Regulatory Onboarding Engine consists of 3 distinct modules. mPASS,™ mCHECK™ and mRX™, with onboarding of any client type in under 3 minutes.
Muinmos’ Regulatory Onboarding Engine delivers instant compliance results globally. It covers key regulatory and legislative frameworks and validates clients from the onboarding stage and throughout their lifecycle with your Financial Institution. Choose which modules to integrate with or, for a complete one-stop-shop regulatory onboarding solution, select all three modules.