Muinmos, a leading global provider of automated regulatory technology, announced that it has partnered with Blade Labs, a provider of fintech solutions for businesses such as LG Electronics, to address the fragmented and inefficient Know Your Customer (KYC) processes currently in place in Web3 space. The partnership, which sees Muinmos’ Client Onboarding platform integrated with Blade Labs’ Digital Asset platform, aims to standardize compliance and simplify the onboarding process across the entire digital asset ecosystem, starting with the Hedera network.
Muinmos’ Client Onboarding platform stands out for its advanced AI capabilities that automate the entire client onboarding process, including detailed investor triage. It allows all businesses and financial institutions to immediately answer: “Can we get customer V on board and provide them with service X and product Y in country Z?” The technology ensures constant updates of regulations, customer information and risk profiles, thus ensuring compliance with the latest industry standards.
Blade Labs specializes in delivering scalable, multi-jurisdictional, enterprise-grade web3 technology solutions to real-world business challenges. From Get-Live offering, scratch to MVP offering for startups to SDKs, APIs and white label wallet solutions – every solution is built to be fully compliant and compliant with ISO-aligned Blade Labs standards , SOC2, Certik , and various other certifications. Working with new brands like Diamond Standard, Slimeworld and Sun Dao, to market leaders like Karate Combat and LG Art Labs, Blade Labs has built a reputation for itself.
Muinmos’ integration with Blade Labs’ fintech solutions sets new security and compliance standards in the digital asset space. It simplifies and streamlines compliance processes and establishes a single standard for all vendors, reducing operational costs, improving user experience and enhancing security. Customers who adopt Blade Labs technology now have the assurance that it is powered by the leading RegTech provider, Muinmos.
A challenging landscape of digital assets
Compliance officers currently face many challenges from the decentralized nature of digital assets, the rapid pace of technological development, and the global reach of digital asset transactions. These include a fragmented regulatory landscape, the borderless nature of digital asset trading leading to regulatory arbitrage, a lack of standardized data and comprehensive data disclosure standards, system and consumer protection impacts, anti-money laundering (AML) compliance, privacy and data security, as well as taxation and reporting.
To address regulatory compliance issues, industry participants, regulators and other stakeholders must work together to create consistent regulatory frameworks, promote transparency and encourage international cooperation.
Blade Labs CEO Sami Mian explains,
“Our aim is to simplify the KYC process and make it uniform across all suppliers. This will improve the user experience and significantly reduce operating costs. By partnering with Muinmos, Blade Labs can utilize its excellent regulatory technology, particularly its ability to accurately classify investors. This is vital for compliance and personalized customer service.”
Remonda Kirketerp-Møller, Founder and CEO of Muinmos, adds,
“Our combined technology will enable businesses to more efficiently and securely deal with digital assets, while setting a new compliance standard in the digital asset ecosystem. Our aim is to strike a balance between promoting innovation and ensuring the stability, security and integrity of the digital asset space.”
Muinmos and Blade Labs prioritize operational excellence and IT security, with both companies holding ISO 27001:2022 certification. This confirms their commitment to the highest standards of information security which is vital for handling sensitive financial information. In addition, Muinmos has been recognized by Chartis Research as one of the leading international financial crime and compliance firms and has been included in FinTech Global’s FinCrimeTech50 2024.
About Muinmos
Founded in 2012, Muinmos has transformed customer onboarding with its innovative platform that automates the entire customer onboarding chain. Recognized for its innovative approach to financial compliance, Muinmos provides a SaaS platform or a fully customizable white label solution that meets the needs of various financial institutions.
About Blade Labs
Blade Labs provides integrated, regulated FinTech solutions for global businesses that interact with digital assets. Their Web3 FinTech compatible solutions enable businesses to integrate services and technology into their platforms, providing instant access to a range of services. The Blade Labs Digital Asset Platform includes web3 wallets, SDKs and a fully self-service console. Blade Labs is SOC2 and ISO 27001:2022 certified, with a focus on business operations and security. Businesses interested in digital assets can contact Blade Labs for a consultation.