ZagTrader and Muinmos Collaborate for smooth Client Onboarding Process
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ZagTrader, a financial technology provider based in the UAE has announced that it has incorporated the Muinmos’ Regulatory technology solution into its system. This collaborative effort means a lot in their objective to offer innovative solutions to clients all over the world. This shift is positioned to simplify the onboarding processes. It shows that ZagTrader is dedicated to enhance operational efficiency.
Muinmos And Zagtrader Partnership Aim To Revolutionize The Financial Industry
Zagtrader ensures continuous compliance by monitoring changes in regulations, as well as updates in clients’ risk profiles and details.
One of the components of this partnership is the full automation of client onboarding procedures. leveraging Muinmos’ advance technology, ZagTrader customers can now access onboarding procedures in a smooth and swift process, while finalizing the procedure in less than three minutes.
This automation evolves to completely automated KYC/AML checks and extensive customer risk assessments from just an AI-driven client classification.
The Chief Operating Officer of ZagTrader, Wasef Shakaa stated that the goal of the company is to offer customers simplified and effective processes with their Unified platform. He further highlighted the collaborative effort with Muinmos, amid to improve the onboarding experience for the customers, evolving from manual processes to completely automated solutions. This process helps users stay updated with the most recent regulatory standards. It will also help them remain compliant as regulatory requirements evolve.
Its headquarters is located in Dubai since 2009, with a large development and support offices, along with a global network of business partners.
The firm focuses on the global financial services sector, along with capital markets and banking. ZagTrader offers an innovative end-to-end integrated trading platform to serve its clients in financial institutions and banks, with innovation and agility.
The Partnership Seeks To Improve The Onboarding Experience For Customers
In collaboration with Muinmos’ RegTech platform, ZagTrader now offers a built-in solution to its customers. It includes a wide range of services like reporting functionalities, onboarding procedures, advanced analytics, back-office operations, and trading systems.
The Founder and Chief Executive Officer of Muinmos, Remonda Kirketerp-Møller, stated that the team is excited to work with ZagTrader. He further highlighted the team eagerness to contribute as a key player to the creation of ZagTrader’s all-in-one client solution, as well as ZagTrader’s growth journey by providing innovative solutions.
Founded in 2012, Muinmos has actively engage in client onboarding procedures via its Software-as-a-Service (SaaS) platform. The platform provides customers with many options, allowing them to access specific modules or the entire system in regard of their needs.
Muinmos’ fully automated modules include comprehensive client risk assessments, AI-powered client categorization, eKYC capabilities, identity verification solutions, and more.
