Muinmos, a Danish RegTech firm, and FX Back Office (FXBO), a Cyprus-based customer relationship management provider for forex brokers, have announced a strategic partnership to offer a unified onboarding, KYC, and CRM solution for FX providers.

Muinmos and FX Back Office Join Forces for Streamlined Broker Solutions

By integrating their respective platforms, financial institutions can now access a single point of entry to Muinmos' client onboarding platform and FX Back Office's comprehensive CRM tailored for FX brokers across multiple jurisdictions. This collaboration aims to streamline the client lifecycle management process, from onboarding and KYC/AML checks to ongoing monitoring and maintenance of client data.

"Our partnership with FX Back Office provides added value to our respective clients, enabling brokers to consolidate their client onboarding and Back Office, with easy access to a more complete solution," said Remonda Kirketerp-Møller, the Founder and CEO of Muinmos.

Muinmos' client onboarding platform leverages AI-powered client categorization, fully automated KYC/AML checks, and client risk assessments. It also constantly monitors compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term with regulatory changes and updates to client details and risk profiles.

FX Back Office’s CRM and Back-Office Capabilities

FX Back Office offers comprehensive CRM, client area, back-office capabilities, and multi-level IB and affiliate area. Its solution enables brokers to manage multiple brands and offers a wide range of customizable features.

"By integrating Muinmos' advanced KYC solutions into our FX Back Office CRM, we are reshaping the landscape of client onboarding and KYC procedures, empowering businesses with more efficient, compliant, and user-friendly solutions," said Dmitriy Petrenko, the Managing Director of FX Back Office.

The integrated platform aims to meet brokers' demands for a streamlined and compliant solution, reducing the need for custom integrations, maintenance, and time to market.

Three months ago, FXBO initiated a collaboration with Acuity Trading. Their objective is to improve user experience and offer further assistance to business functions.