Danish fintech company Aryze has announced a strategic partnership with Muinmos to enhance its compliance capabilities as it expands globally. The collaboration aims to streamline the company’s onboarding, reconciliation, reporting, and oversight processes through Muinmos’ advanced automated KYC (Know Your Customer) and KYB (Know Your Business) solutions.

Automation as a Compliance Cornerstone

Aryze, which provides payment infrastructure across both traditional bank rails and blockchain networks, selected Muinmos for its thorough global coverage and real-time monitoring capabilities. Muinmos’ platform integrates with multiple data sources and supports a wide range of financial services, including foreign exchange (FX), contracts for difference (CFDs), digital assets, and equities.

The Muinmos solution automates KYC, KYB, and AML (Anti-Money Laundering) checks, ensuring compliance with evolving regulatory requirements across different jurisdictions. This includes real-time updates on client data, risk profiles, and regulatory changes, which help maintain a smooth customer experience while reducing operational costs.

‘The complexity of global compliance has increased significantly in recent years, particularly for fintechs operating across multiple markets,’ said Bertram Seitz, CEO of Aryze. ‘We chose Muinmos because they deliver KYC and KYB in one powerful, automated platform. Their strong infrastructure and international footprint give us the scale and resilience we need, while our shared Danish foundation ensures strong alignment.’

Compliance as a Strategic Advantage

Aryze’s decision to partner with Muinmos comes as regulatory scrutiny intensifies for financial technology firms expanding beyond their home markets. In the past five years, over 60 fintechs have faced compliance-related challenges, including fines and operational halts, due to insufficient KYC and AML protocols. These incidents have underscored the need for automated and real-time compliance systems to avoid legal and reputational risks.

According to the European Banking Authority, in 2022, over 25% of fintechs in the EU reported increased compliance costs due to stricter regulations. Aryze, which is based in Denmark and has operations in several European countries, aims to avoid such pitfalls by integrating Muinmos’ solution into its infrastructure.

The partnership is expected to reduce Aryze’s compliance costs by up to 30% and improve onboarding efficiency by 40%, according to internal projections. These improvements are critical as Aryze prepares to launch services in new markets, including Southeast Asia and Latin America, where regulatory environments are rapidly evolving.

Additionally, the integration of Muinmos’ platform will enable Aryze to perform real-time risk assessments and monitor changes in client profiles, ensuring that the company remains aligned with local and international regulations. This is particularly important in regions where compliance frameworks are frequently updated, such as the United Kingdom, which recently introduced stricter AML rules under the Financial Conduct Authority (FCA).

Future Implications for Global Fintech Expansion

Analysts suggest that Aryze’s move reflects a broader trend in the fintech industry, where compliance is becoming a core component of business strategy rather than a peripheral concern. ‘The ability to scale while maintaining compliance is no longer optional—it’s a competitive necessity,’ said Sarah Lin, a financial compliance expert at GlobalRegTech.

The partnership also signals a growing preference among European fintechs for local compliance solutions. Muinmos, which has operations across Europe and the Americas, has seen a 50% increase in demand for its services since 2021, driven by the need for real-time regulatory compliance tools.

Looking ahead, Aryze plans to roll out Muinmos’ platform across its entire compliance framework by the end of 2024. The company has also expressed interest in expanding its use of the platform to include more detailed regulatory checks, such as environmental, social, and governance (ESG) compliance, as part of its broader sustainability strategy.

The partnership is expected to have a ripple effect on the fintech sector, encouraging other startups to invest in compliance infrastructure early in their growth phases. With global fintech investment reaching $134 billion in 2023, according to the Fintech Data Hub, the demand for scalable compliance solutions is likely to grow further in the coming years.