Priya Patel
TLDR:
- ZagTrader and Muinmos have partnered to enhance client onboarding capabilities.
- By integrating Muinmos’ RegTech solution, ZagTrader aims to automate and streamline the onboarding process.
ZagTrader, a financial technology provider from the UAE, has partnered with Muinmos to enhance its institutional client onboarding capabilities. The collaboration aims to shift from manual onboarding methods to a fully automated solution, benefiting client types from corporates to individuals. ZagTrader is known for its comprehensive offerings, while Muinmos specializes in automating client onboarding processes using AI-powered categorization, KYC/AML checks, and risk assessments. The partnership reflects both companies’ commitment to innovation and excellence in the FinTech sector.
Full Article:
ZagTrader, a financial technology provider based in the UAE, has announced a strategic integration with Muinmos to enhance its institutional client onboarding capabilities. ZagTrader offers trading systems, back office support, advanced analytics, onboarding, and reporting tools. On the other hand, Muinmos specializes in automating client onboarding processes through AI-driven categorization, KYC/AML checks, and risk assessments to ensure compliance with regulatory requirements.
The partnership aims to automate and streamline the client onboarding process, providing a seamless, one-stop-shop experience for clients, including trading and compliance aspects. This integration is particularly beneficial for various client types, enabling them to be onboarded in under three minutes. ZagTrader is known for providing technology solutions for investment banks, asset managers, and multi-asset brokers, while Muinmos focuses on client onboarding automation and regulatory compliance.
ZagTrader’s COO, Wasef Shakaa, highlighted the importance of automation and efficiency in client onboarding, stating that the partnership with Muinmos aims to offer a fully automated solution to keep clients up-to-date with regulatory requirements. Remonda Kirketerp-Møller, Founder and CEO of Muinmos, expressed excitement about the partnership, emphasizing their commitment to innovation in the FinTech sector.
