Muinmos, a global leader in automated regulatory technology, recently announced a collaboration with Blade Labs. Blade Labs is a company providing fintech solutions to enterprises such as LG Electronics. This partnership aims to address the fragmented and inefficient Know Your Customer (KYC) processes currently present in the Web3 domain. By integrating Muinmos' client onboarding platform into Blade Labs' digital asset platform, both parties plan to standardize compliance procedures and simplify the onboarding process within the digital asset ecosystem, starting with the Hedera network.

Muinmos' client onboarding platform stands out for its advanced artificial intelligence capabilities, which can automate the entire client onboarding process, including detailed investor classification. It enables all businesses and financial institutions to promptly answer: “Can we onboard client V in country Z and offer them service X and product Y?” ensuring continuous updates of regulations, client information, and risk profiles to comply with the latest industry standards.

Blade Labs focuses on providing regulatory-compliant, multi-jurisdictional enterprise-level Web3 technology solutions to address real-world business challenges. From their Get-Live, zero-to-MVP startup services to SDK, API, and white-label wallet solutions, each solution is fully compliant and meets Blade Labs' multiple certification standards such as ISO, SOC2, and Certik. Blade Labs has established a strong reputation through collaborations with emerging brands like Diamond Standard, Slimeworld, and Sun Dao, as well as market leaders such as Karate Combat and LG Art Labs.

The integration of Muinmos' and Blade Labs' fintech solutions sets new security and compliance standards in the digital asset space. It simplifies and optimizes compliance processes, establishing uniform standards for all vendors, thereby reducing operational costs, improving user experience, and enhancing security. Clients using Blade Labs technology can now have peace of mind, as it is supported by the leading regulatory technology provider, Muinmos.

Compliance officers currently face numerous challenges arising from the decentralized nature of digital assets, rapid technological advancements, and the globalization of digital asset transactions. These include a fragmented regulatory environment, regulatory arbitrage due to borderless digital asset transactions, lack of standardized data and comprehensive data disclosure standards, impacts on system and consumer protection, Anti-Money Laundering (AML) compliance, data privacy and security issues, as well as tax and reporting challenges.

To address regulatory compliance issues, industry participants, regulators, and other stakeholders must collaborate to create a consistent regulatory framework that promotes transparency and encourages international cooperation.

Sami Mian, CEO of Blade Labs, explained: “Our goal is to simplify the KYC process and standardize it across all vendors, which will improve user experience and significantly reduce operational costs. By partnering with Muinmos, Blade Labs can leverage its superior regulatory technology, particularly its capability for accurate investor classification. This is crucial for compliance and customized client service.”

Remonda Kirketerp-Møller, Founder and CEO of Muinmos, added: “The combined technologies will enable businesses to interact with digital assets more efficiently and securely, while setting new compliance standards for the digital asset ecosystem. Our goal is to balance innovation with ensuring stability, security, and integrity in the digital asset space.”

Both Muinmos and Blade Labs place high value on operational excellence and information technology security. Both companies hold ISO 27001:2022 certification, affirming their commitment to maintaining the highest information security standards when handling sensitive financial information. Additionally, Muinmos has been recognized by Chartis Research as one of the top global financial crime and compliance firms and was included in FinTech Global’s 2024 FinCrimeTech50.