GMO-Z.com Trade UK, a liquidity and technology infrastructure developer, has reportedly partnered with RegTech companies muinmos PASS and NorthRow to improve its onboarding.
The deal will see GMO-Z integrate the offerings of the two companies into its prime-of-prime brokerage solution Z.com Global Markets, according to a report from Finance Magnates.
Its new platform will offer access to curated liquidity pools and FX, precious metals, commodities and equity indices markets, the article said. The service is used by regulated brokers, hedge funds, asset managers, private banks proprietary traders.
GMO-Z claimed it chose to partner with muinmos and NorthRow because they enabled it to appropriately categorize and onboard institutional clients, accelerating the onboarding process.
muinmos automates the client onboarding and regulatory compliance for financial institutions. Its service uses AI technology to conduct compliance checks and validate if a financial institution can onboard a client to trade with.
The muinmos PASS solution enables a financial institution to systemize and streamline customer onboarding while validating regulatory compatibility for various financial products.
NorthRow also helps clients to accelerate their onboarding processes and meet monitoring regulatory requirements. Its solution backs real-time AML, KYC, KYB and IDV checks on clients.
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