Muinmos Announces Partnership With RHT Compliance Solutions

Muinmos​, a company that specialises in automated regulatory compliance, has partnered with RHT Compliance Solutions to capitalise on growth opportunities for its proprietary Regulatory Onboarding Engine in Singapore.

Using AI and machine learning, Muinmos’ innovative technology simplify onboarding and enhance the compliance process across multiple jurisdictions. Its Regulatory Onboarding Engine consists of three distinct and secure modules, mPASS™, mCHECK™ and mRX™, to provide flexibility to Financial Institutions. When combined, these modules provide a complete one-stop-shop regulatory compliance onboarding solution.

RHT Compliance Solutions will provide Muinmos’ proprietary Regulatory Onboarding Engine to their rapidly growing client base which includes banks, investment banks, brokers and fund managers.

Talking about the partnership, Jayaprakash Jagateesan, CEO of RHT Compliance Solutions states, “The timing of this partnership is ideal. The Government in Singapore is encouraging firms to embrace technology and go digital. Financial Institutions are looking to automate processes wherever possible and Muinmos’ RegTech products are ideally placed to help the compliance function to become more streamlined and efficient. We are excited to bring this technology to our clients.”

Commenting on the cooperation, Remonda Kirketerp-Moller, Founder and CEO, Muinmos says, “We are delighted to be working with RHT Compliance Solutions. With our regulatory onboarding product and RHT’s deep local expertise and network, I believe we have a powerful combination and the ability to put RegTech firmly on the map in Singapore. Together, we can help Financial Institutions in Singapore and beyond to digitise their compliance processes and be safe in the knowledge that they are adhering to regulatory requirements throughout the lifecycle of their clients.”

Earlier this month, Fazzaco has interviewed with Muinmos to talk about the influence of tightening regulation from ESMA, ASIC and other regulators on forex brokers.