Diagram
Capital, a Financial Conduct Authority (FCA) regulated investment firm, has
announced a partnership with RegTech provider Muinmos to upgrade its client
onboarding and compliance processes.
Diagram Capital Taps
Muinmos for AI-Driven Client Onboarding Solution
The
collaboration marks a shift in Diagram Capital’s approach to client
verification and regulatory compliance, introducing an automated platform that
conducts comprehensive Know Your Customer (KYC) and Know Your Partner (KYP)
checks against more than 1,400 databases.
“Our
partnership with Muinmos underscores Diagram’s dedication to innovation,
efficiency, and regulatory compliance, ultimately enhancing our service to
clients,” said Jim Tatchell, CEO at Diagram Capital.
The new
system represents a departure from traditional manual verification methods,
offering real-time screening for politically exposed persons, sanctions, and
adverse media coverage.
This is another partnership for the Danish RegTech firm in recent months. As Finance Magnates reported in October, Muinmos started a cooperation with the cryptocurrency firm XBO.com to improve their KYC and risk management systems.
“Clients
receive a secure link to provide required information and documentation, which
Muinmos then verifies,” Viola Kalnina, CAMS, Compliance Officer at Diagram
Capital, added. “The system performs automated checks across critical
compliance points, generating a detailed client report for our review.”
According
to the press release, the implementation of Muinmos’ Software-as-a-Service
(SaaS) solution has already yielded improvements in onboarding efficiency.
“Previously
they had a process which was fragmented and relatively slow, involving separate
checks with various data providers done manually and by email,” explained
Jesus E Sanchez, Chief Product Officer at Muinmos. “The
Muinmos platform has transformed and automated these processes, providing
Diagram Capital with seamless integration to a single portal for data from
multiple proprietary sources.”
Muinmos Expansion in the Middle East
Muinmos has
also announced its expansion into the MENA region with the appointment of
Nadeem Sa’adeh as Regional Business Development Director. Sa’adeh will lead the
RegTech company’s efforts to grow its client base among regulated brokers,
banks, digital wallet providers, and cryptocurrency firms. His responsibilities
include driving sales, establishing strategic partnerships, and managing
regulatory relationships.
Sa’adeh
brings over a decade of experience in technology and business development
within the FinTech and RegTech sectors. His expertise spans eKYC solutions and
regional regulatory compliance, gained through roles at PLUGIT, ADSTRA, and
IDWise.
This
appointment follows Muinmos’ earlier addition of Anders Kirketerp-Møller to its
board. Kirketerp-Møller, a governance expert with nearly seven years at LEGO,
has strengthened Muinmos’ leadership with his experience in board activities
and advisory roles on governance matters.
Diagram
Capital, a Financial Conduct Authority (FCA) regulated investment firm, has
announced a partnership with RegTech provider Muinmos to upgrade its client
onboarding and compliance processes.
Diagram Capital Taps
Muinmos for AI-Driven Client Onboarding Solution
The
collaboration marks a shift in Diagram Capital’s approach to client
verification and regulatory compliance, introducing an automated platform that
conducts comprehensive Know Your Customer (KYC) and Know Your Partner (KYP)
checks against more than 1,400 databases.
“Our
partnership with Muinmos underscores Diagram’s dedication to innovation,
efficiency, and regulatory compliance, ultimately enhancing our service to
clients,” said Jim Tatchell, CEO at Diagram Capital.
The new
system represents a departure from traditional manual verification methods,
offering real-time screening for politically exposed persons, sanctions, and
adverse media coverage.
This is another partnership for the Danish RegTech firm in recent months. As Finance Magnates reported in October, Muinmos started a cooperation with the cryptocurrency firm XBO.com to improve their KYC and risk management systems.
“Clients
receive a secure link to provide required information and documentation, which
Muinmos then verifies,” Viola Kalnina, CAMS, Compliance Officer at Diagram
Capital, added. “The system performs automated checks across critical
compliance points, generating a detailed client report for our review.”
According
to the press release, the implementation of Muinmos’ Software-as-a-Service
(SaaS) solution has already yielded improvements in onboarding efficiency.
“Previously
they had a process which was fragmented and relatively slow, involving separate
checks with various data providers done manually and by email,” explained
Jesus E Sanchez, Chief Product Officer at Muinmos. “The
Muinmos platform has transformed and automated these processes, providing
Diagram Capital with seamless integration to a single portal for data from
multiple proprietary sources.”
Muinmos Expansion in the Middle East
Muinmos has
also announced its expansion into the MENA region with the appointment of
Nadeem Sa’adeh as Regional Business Development Director. Sa’adeh will lead the
RegTech company’s efforts to grow its client base among regulated brokers,
banks, digital wallet providers, and cryptocurrency firms. His responsibilities
include driving sales, establishing strategic partnerships, and managing
regulatory relationships.
Sa’adeh
brings over a decade of experience in technology and business development
within the FinTech and RegTech sectors. His expertise spans eKYC solutions and
regional regulatory compliance, gained through roles at PLUGIT, ADSTRA, and
IDWise.
This
appointment follows Muinmos’ earlier addition of Anders Kirketerp-Møller to its
board. Kirketerp-Møller, a governance expert with nearly seven years at LEGO,
has strengthened Muinmos’ leadership with his experience in board activities
and advisory roles on governance matters.
This post is originally published on FINANCEMAGNATES.
