Muinmos and Blade Labs have partnered to set new compliance standards in the Web3 space by integrating Muinmos' Client Onboarding Platform into Blade Labs' Digital Asset Platform. The collaboration aims to simplify the onboarding process and address the challenges faced by compliance officers in the digital assets landscape.
Muinmos, Blade Labs Partner to Standardize Web3 Compliance
As the provider of automated regulatory technology, Munimos offers the Client Onboarding platform with advanced AI capabilities that streamline the client onboarding process, including precise investor classification.
The technology enables enterprises and financial institutions to instantly determine whether they can onboard clients and provide them with specific services and products in a given country while ensuring continuous updates of regulations, client information, and risk profiles.
Blade Labs, a fintech solution provider focusing on multi-jurisdictional web3 technology solutions, has established its position in the industry, working with brands such as Diamond Standard, Slimeworld, Sun Dao, Karate Combat, and LG Art Labs.
“Our objective is to simplify the KYC process and make it uniform,” Blade Labs' CEO, Sami Mian, explained. “This will improve the user experience and considerably reduce operational costs.”
Integrating Muinmos' technology into Blade Labs' fintech solutions sets new security and compliance standards in the digital asset space, simplifying compliance procedures and establishing a unified standard for all vendors.
Two months ago, Muinmos partnered with UAE-based financial technology provider ZagTrader, which integrated the company's RegTech solution into its platform. In the meantime, FX Back Office also joined the growing list of Muinmos’ partners to offer a unified onboarding, KYC, and CRM solution for FX providers.
A Landscape with Challenges
The digital assets landscape presents numerous challenges for compliance officers, including a fragmented regulatory space, regulatory arbitrage, lack of standardized data, anti-money laundering compliance, data privacy and security, and taxation and reporting issues.
Overcoming the regulatory challenges in the digital assets landscape requires a collaborative effort among industry players, regulators, and other stakeholders to establish harmonized frameworks, foster transparency, and facilitate cross-border cooperation.
“Our combined technology will enable enterprises to engage more efficiently and securely with digital assets while setting a new standard for compliance in the digital asset ecosystem,” commented Muinmos' Founder and CEO, Remonda Kirketerp-Møller. “The goal is to strike a balance between fostering innovation and ensuring the stability, security, and integrity of the digital asset space.”
This article was written by Damian Chmiel at www.financemagnates.com.
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