Muinmos Segments Its Regulatory Compliance Engine Into 3 Modules

Source: LiquidityFinder 2020-08-10

6 August 2020 – Automated regulatory compliance specialist, Muinmos, has segmented its award-winning regulatory compliance engine into three separate product modules:

• mPASS™ • mCHECK™ • mRX™

According to today's press release from the company, this segmentation will provide financial institutions greater flexibility and more options for their compliance teams as they prepare for new MiFID II client categorisation obligations mandated by ESMA (European Securities and Markets Authority) which came into play yesterday.

Each product module is available as a standalone application or as a whole under the Muinmos compliance engine.

The cloud-based, AI-powered, Muinmos proprietary compliance engine features a full audit trail for management teams and/or regulators who have full control of their data which is available as a GDPR-compliant encrypted document storage service.

mPASS™ is a cloud-based, AI powered, proprietary compliance module that enables any financial institution to secure continuous regulatory compliance and within seconds, determine whether a client can be on-boarded. This includes ensuring correct client categorisation from the outset, which is essential under new MiFID II guidelines in order to know which products and services to sell to them, to protect both the financial institution and the clients, and to avoid significant fines for regulatory breaches.

mCHECK™ a highly rigorous and reliable KYC/AML service, leveraging Muinmos’ multiple partnerships with AML data sources.

mRX™ a pioneering regulatory matrix, which provides risk assessments based on a number of parameters including jurisdictional, regulatory permissions, legislative and client risk assessments.

Today's announcement from Muinmos confirms that financial institutions are now able to cherry pick the product modules they need in order to complement or complete their compliance needs.

Compliance

Muinmos

Regulation

MiFID II

ESMA

Muinmos Segments Its Regulatory Compliance Engine Into 3 Modules

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