Danish stablecoin and treasury fintech Aryze has partnered with Muinmos, integrating the RegTech firm’s compliance platform to automate client onboarding and regulatory workflows across multiple jurisdictions.
The integration covers several modules: Know Your Customer (KYC) and Anti-Money Laundering (AML) screening, algorithmic client classification (Retail, Professional, Eligible Counterparty), dynamic risk assessment and perpetual KYC, which replaces periodic reviews with continuous monitoring of client profiles.
Muinmos’ rules engine maps client type, product, service and jurisdiction to automatically generate classifications and risk workflows. It then runs checks against more than 1,400 databases covering politically exposed persons, sanctions lists, adverse media and beneficial ownership, according to the company’s materials.
Muinmos says the platform can onboard any client type in under three minutes and be fully integrated within one week. For Aryze, which targets banks, cryptocurrency exchanges, forex brokers and business services firms, this onboarding speed is a key differentiator. Large financial institutions currently spend up to $30m annually on KYC, with 52% taking between 61 and 150 days to complete reviews, according to FinTech Global.
“Onboarding new users is one of the first interactions customers have with an exchange and, with our platform integrated into theirs, [the partner] has a secure, automated system which enables quick, efficient, and compliant onboarding,” said Remonda Kirketerp-Møller, CEO of Muinmos.
Research firm Chartis has named Muinmos a ‘Category Leader’ for Client Lifecycle Management (CLM) solutions, and the company was included in the FinCrimeTech50 for 2024.
Muinmos has continued to build out its platform. In February, FCA-regulated investment firm Diagram Capital selected the platform for client onboarding. Last year, Muinmos took an equity stake in Africa Due Diligence to extend its compliance coverage to 54 African countries. Aryze, meanwhile, continues to build out its institutional stablecoin infrastructure across North-West Europe.
