ZagTrader, a financial technology provider from the UAE, has announced a strategic integration with Muinmos.
This partnership enables ZagTrader to significantly enhance its institutional client onboarding capabilities worldwide. ZagTrader is renowned for its comprehensive offerings, including trading systems, back office support, advanced analytics, onboarding, and reporting.
On the other hand, Muinmos specialises in automating the client onboarding process with its AI-powered categorisation, KYC/AML checks, and risk assessments, ensuring adherence to the latest regulatory requirements.
The collaboration aims to streamline and automate the client onboarding process, shifting from manual methods to a fully automated solution. By integrating Muinmos’ RegTech solution, ZagTrader can offer a seamless, one-stop-shop experience for its clients, encompassing all facets of trading and compliance. This integration is particularly beneficial for client types ranging from corporates to individuals, enabling them to be onboarded in under three minutes.
ZagTrader is a trailblazer in providing sophisticated technology solutions for investment banks, asset managers, and multi-asset brokers. Its platform encompasses market data, trading, compliance, and reporting tools. Muinmos, on the other hand, excels in client onboarding automation, boasting features like AI-driven client categorisation, automated KYC/AML checks, and constant monitoring of regulatory changes and client profiles.
The partnership between ZagTrader and Muinmos is a testament to both companies’ commitment to innovation and excellence in the FinTech sector. It not only enhances ZagTrader’s onboarding capabilities but also aligns with Muinmos’ goal of simplifying compliance and regulatory processes for financial institutions.
ZagTrader’s COO, Wasef Shakaa, highlighted the importance of automation and efficiency in client onboarding, stating, “Our aim is to provide clients with streamlined, efficient processes with our all-in-one platform. We partnered with Muinmos as wanted to enhance our onboarding capabilities for our clients, moving from manual processes to a fully-automated solution, making it easy for clients to keep up-to-date with the latest regulatory requirements and stay compliant when regulatory requirements change.”
Echoing this sentiment, Remonda Kirketerp-Møller, Founder and CEO of Muinmos, expressed enthusiasm about the partnership, “We are delighted to have been selected by ZagTrader to complete their one-stop-shop solution for clients. ZagTrader is rapidly growing firm, with a strong client base in the Middle East and beyond, committed to being at the forefront of fintech innovation and global financial integration. We are excited about being a key partner in their growth journey as they continue to innovate.”
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