Diagram Capital, a Financial Conduct Authority (FCA) regulated investment firm, has announced a partnership with RegTech provider Muinmos to upgrade its client onboarding and compliance processes.

Diagram Capital Taps Muinmos for AI-Driven Client Onboarding Solution

The collaboration marks a shift in Diagram Capital's approach to client verification and regulatory compliance, introducing an automated platform that conducts comprehensive Know Your Customer (KYC) and Know Your Partner (KYP) checks against more than 1,400 databases.

"Our partnership with Muinmos underscores Diagram's dedication to innovation, efficiency, and regulatory compliance, ultimately enhancing our service to clients," said Jim Tatchell, CEO at Diagram Capital.

The new system represents a departure from traditional manual verification methods, offering real-time screening for politically exposed persons, sanctions, and adverse media coverage.

This is another partnership for the Danish RegTech firm in recent months. As Finance Magnates reported in October, Muinmos started a cooperation with the cryptocurrency firm XBO.com to improve their KYC and risk management systems.

"Clients receive a secure link to provide required information and documentation, which Muinmos then verifies,” Viola Kalnina, CAMS, Compliance Officer at Diagram Capital, added. “The system performs automated checks across critical compliance points, generating a detailed client report for our review."

According to the press release, the implementation of Muinmos' Software-as-a-Service (SaaS) solution has already yielded improvements in onboarding efficiency.

"Previously they had a process which was fragmented and relatively slow, involving separate checks with various data providers done manually and by email," explained Jesus E Sanchez, Chief Product Officer at Muinmos. "The Muinmos platform has transformed and automated these processes, providing Diagram Capital with seamless integration to a single portal for data from multiple proprietary sources."

Muinmos Expansion in the Middle East

Muinmos has also announced its expansion into the MENA region with the appointment of Nadeem Sa'adeh as Regional Business Development Director. Sa'adeh will lead the RegTech company's efforts to grow its client base among regulated brokers, banks, digital wallet providers, and cryptocurrency firms. His responsibilities include driving sales, establishing strategic partnerships, and managing regulatory relationships.

Sa'adeh brings over a decade of experience in technology and business development within the FinTech and RegTech sectors. His expertise spans eKYC solutions and regional regulatory compliance, gained through roles at PLUGIT, ADSTRA, and IDWise.

This appointment follows Muinmos' earlier addition of Anders Kirketerp-Møller to its board. Kirketerp-Møller, a governance expert with nearly seven years at LEGO, has strengthened Muinmos' leadership with his experience in board activities and advisory roles on governance matters.