Muinmos and Blade Labs Want to Simplify the KYC Process in Web3

Muinmos and Blade Labs Want to Simplify the KYC Process in Web3

Time Stamp: May 23, 2024 9:00 AM
Muinmos and Blade Labs Want to Simplify the KYC Process in Web3 PlatoBlockchain Data Intelligence. Vertical Search. Ai.

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.

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’ CEO, Sami Mian

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.

Muinmos’ Founder and CEO, Remonda Kirketerp-Møller

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.”

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.

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’ CEO, Sami Mian

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.

Muinmos’ Founder and CEO, Remonda Kirketerp-Møller

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.”

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