muinmos developed PASS, a software which instantly and globally classifies/ categorises the client in accordance with MiFID in the EU or as equivalent in the rest of the world (KYCC), and instantly determines whether a financial institution can on-board a client to trade with it in a particular service (KYS), product (KYP) and country (KYCO) using a traffic light rating system. This cuts down the on-boarding time from weeks, in some cases months, to seconds at a fraction of the cost. PASS automatically notifies the financial institution of any regulatory changes 24/7, thus ensuring continuous compliance. PASS is a cloud based technology used together with a compliance “equation calculator/algorithm”, using AI by implementing a rule based expert system. PASS is a stand-alone system but can also easily be integrated into existing on/ or off-line on-boarding processes/ systems.

Primary activity and other services:

Client and Counterparty Identification

Legal & Regulatory Analysis




Copenhagen, Denmark