The company has also segmented its regulatory compliance engine to meet customer needs.
Muinmos, a company that specialises in automated regulatory compliance, has exclusively revealed to Finance Magnates a number of developments, including the company’s expansion and segmentation of its regulatory compliance engine.
Taking a look at the company’s recent expansion, according to the statement seen by Finance Magnates, Muinmos’ regulatory compliance engine has been gaining traction in Europe and, following the opening of the firm’s office in Singapore, has seen an uptick in clients from China, Hong Kong and Taiwan.
In particular, the regtech company has seen an increase in interest from Singapore-headquartered financial institutions, with operations in the UK and Europe. Additionally, Muinmos has managed to secure a financial institution in the USA, as an anchor client, allowing the company to start to fully explore the country’s market.
Speaking to Finance Magnates, Remonda Z. Kirketerp-Møller, Founder and CEO of Muinmos said: "We will for now focus on our Asian and US opportunities from our offices in Denmark, UK and Singapore, but if momentum picks up and necessitates the need for a particular presence in any specific jurisdiction, we will explore that."
She continued to state that: "We remain interested to anchor Muinmos as a global compliance engine. As such, we welcome the opportunities and challenges of any other country or region where our clients are from or wish to embark."
Segmentation of Muinmos Compliance Engine
As part of the changes revealed exclusively to Finance Magnates, Muinmos outlined in addition to offering its regulatory compliance engine as a whole, it has also been divided into three separate product modules - mPASS™, mCHECK™ and mRX™.
According to the statement, by providing the engine in three tailored solutions, it provides financial institutions with greater flexibility for compliance teams. These involve preparing and navigating MiFID II client categorisation Obligations that are mandated by ESMA, come into effect today.
"Muinmos has segmented our proprietary compliance engine into three parts so that clients are able to cherry-pick what is needed to complement or complete their current regulatory compliance needs," Remonda Z. Kirketerp-Møller explained to Finance Magnates.
"For example, we have clients who may wish to continue using their existing AML provider while they utilise Muinmos mPASS for their client categorisation as well as Suitability & Appropriateness of financial products and services assessments. We find that having product modules would also allow us greater insights into various market needs, and it also strengthens the fundamental understanding of Muinmos within the industry."
COVID Magnifies Need for Regtech Solutions
The coronavirus pandemic has influenced our lives in almost every way. That too is true when it comes to regulatory compliance. As highlighted by Remonda Z. Kirketerp-Møller, the pandemic has accelerated the need for rapid and virtual solutions for financial compliance.
"Sales, legal and compliance teams no longer have the advantage of being within the same building to manage client onboarding decisions. Muinmos offers global teams the benefit of being able to undertake the full spectrum of cross-border regulatory compliance in less than five minutes. Clients utilising our compliance engine are able to arrive at an onboarding decision concerning their potential clients much faster than how they have been doing."
Muinmos, a company that specialises in automated regulatory compliance, has exclusively revealed to Finance Magnates a number of developments, including the company’s expansion and segmentation of its regulatory compliance engine.
Taking a look at the company’s recent expansion, according to the statement seen by Finance Magnates, Muinmos’ regulatory compliance engine has been gaining traction in Europe and, following the opening of the firm’s office in Singapore, has seen an uptick in clients from China, Hong Kong and Taiwan.
In particular, the regtech company has seen an increase in interest from Singapore-headquartered financial institutions, with operations in the UK and Europe. Additionally, Muinmos has managed to secure a financial institution in the USA, as an anchor client, allowing the company to start to fully explore the country’s market.
Speaking to Finance Magnates, Remonda Z. Kirketerp-Møller, Founder and CEO of Muinmos said: "We will for now focus on our Asian and US opportunities from our offices in Denmark, UK and Singapore, but if momentum picks up and necessitates the need for a particular presence in any specific jurisdiction, we will explore that."
She continued to state that: "We remain interested to anchor Muinmos as a global compliance engine. As such, we welcome the opportunities and challenges of any other country or region where our clients are from or wish to embark."
Segmentation of Muinmos Compliance Engine
As part of the changes revealed exclusively to Finance Magnates, Muinmos outlined in addition to offering its regulatory compliance engine as a whole, it has also been divided into three separate product modules - mPASS™, mCHECK™ and mRX™.
According to the statement, by providing the engine in three tailored solutions, it provides financial institutions with greater flexibility for compliance teams. These involve preparing and navigating MiFID II client categorisation Obligations that are mandated by ESMA, come into effect today.
"Muinmos has segmented our proprietary compliance engine into three parts so that clients are able to cherry-pick what is needed to complement or complete their current regulatory compliance needs," Remonda Z. Kirketerp-Møller explained to Finance Magnates.
"For example, we have clients who may wish to continue using their existing AML provider while they utilise Muinmos mPASS for their client categorisation as well as Suitability & Appropriateness of financial products and services assessments. We find that having product modules would also allow us greater insights into various market needs, and it also strengthens the fundamental understanding of Muinmos within the industry."
COVID Magnifies Need for Regtech Solutions
The coronavirus pandemic has influenced our lives in almost every way. That too is true when it comes to regulatory compliance. As highlighted by Remonda Z. Kirketerp-Møller, the pandemic has accelerated the need for rapid and virtual solutions for financial compliance.
"Sales, legal and compliance teams no longer have the advantage of being within the same building to manage client onboarding decisions. Muinmos offers global teams the benefit of being able to undertake the full spectrum of cross-border regulatory compliance in less than five minutes. Clients utilising our compliance engine are able to arrive at an onboarding decision concerning their potential clients much faster than how they have been doing."
FCA Approval Expands Stratiphy's Retail Offerings with Customized Portfolios
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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