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Muinmos Partners with Diagram Capital to Transform Client Onboarding

Diagram Capital, an FCA-regulated investment firm, has partnered with Muinmos to redefine its Know Your Customer (KYC) and onboarding processes. This collaboration leverages Muinmos’ cutting-edge technology to enhance compliance, efficiency, and customer experience, addressing the increasing complexity of regulatory requirements.

By integrating Muinmos’ automated KYC platform, Diagram Capital achieves faster client onboarding and continuous compliance monitoring while reducing operational strain.

The Importance of Advanced KYC for Compliance

Financial institutions face stringent demands to comply with global Anti-Money Laundering (AML) and KYC regulations. Manual processes, prone to inefficiencies and errors, no longer suffice for the fast-paced industry. Diagram Capital sought a solution that could streamline its fragmented system while ensuring high compliance standards.

Muinmos’ platform provided the perfect fit by offering:

Multi-Layer Screening: Automated checks against 1,400+ global databases.
Real-Time Monitoring: 24/7 surveillance to ensure ongoing compliance.
Integrated KYB Capabilities: Streamlined Know Your Business checks for corporate clients.
Customizable Verification Methods: Multiple identity verification approaches for flexibility.

The result? Reduced onboarding times, robust risk management, and a smoother client journey.

Diagram Capital’s Perspective

This partnership is already transforming Diagram Capital’s operations. Viola Kalnina, Compliance Officer at Diagram Capital, noted:

“By integrating with Muinmos, Diagram Capital’s onboarding process has become both more client-friendly and compliant. Clients receive a secure link to provide required information and documentation, which Muinmos then verifies. The system performs automated checks across critical compliance points, generating a detailed client report for Diagram Capital’s review.”

These improvements empower Diagram Capital to meet regulatory standards without compromising on efficiency or customer satisfaction.

The Benefits of SaaS Technology in Compliance

Muinmos’ platform is a game-changer for Diagram Capital, thanks to its SaaS nature, which allows rapid deployment and seamless integration.

Jesus E. Sanchez, Chief Product Officer at Muinmos, shared insights into the platform’s transformative potential:

“Previously, Diagram Capital had a process which was fragmented and relatively slow, involving separate checks with various data providers done manually and by email. The Muinmos platform has transformed and automated these processes, providing Diagram Capital with seamless integration to a single portal for data from multiple proprietary sources.”

The platform’s automation not only saves time but also ensures accurate and consistent compliance across the board.

Commitment to Innovation and Excellence

Diagram Capital’s partnership with Muinmos underscores a broader commitment to adopting innovative solutions to navigate regulatory challenges. Jim Tatchell, CEO at Diagram Capital, highlighted the significance of this collaboration:

“Our partnership with Muinmos underscores Diagram’s dedication to innovation, efficiency, and regulatory compliance, ultimately enhancing our service to clients. I am delighted to work with the Muinmos team, comprised of industry experts with so many years of relevant experience.”

This forward-thinking approach positions Diagram Capital as a leader in adopting technology to manage compliance efficiently.

Conclusion: A New Era in Compliance

The partnership between Diagram Capital and Muinmos exemplifies how technology can revolutionize compliance and client onboarding. By leveraging automation and expertise, Diagram Capital ensures adherence to evolving regulations while maintaining a superior client experience. This collaboration sets a benchmark for other firms in the financial sector, highlighting the importance of embracing technology-driven compliance solutions.