RegTech firm Muinmos has appointed Emil Kongelys to the newly created role of CTO.
Kongelys holds over 15 years of experience in the financial services space as an IT engineer, most recently serving as former integration team lead at capital markets business Finalto.
During his time at the company, he held responsibility for developing the Prime of Prime brokerage’s trading system alongside his duties as head of integration.
He also spent time as a software engineer for InovaTrader – a company he founded – where he developed software systems for high frequency trading in the US markets. He secured a bachelor’s degree in Information Technology from the Engineering College of Aarhus in Denmark.
According to Muinmos, his new role will involve ongoing development of its market leading Regulatory Onboarding Engine. In addition, he will be responsible for managing the companies’ IT team as it grows to accommodate its burgeoning global client base.
Muinmos’ platform uses AI and machine learning to streamline onboarding as well as bolstering the compliance process across a range of jurisdictions. The company claims the technology makes onboarding possible for any client type in under three minutes and instantly alerts financial institutions of any regulatory changes or sales opportunities.
Kongelys said, “I have been part of the management team at CFH (now Finalto) for the last two years and one topic often discussed was onboarding, the importance of the customer experience and the complexities of remaining compliant across multiple jurisdictions.
“Having worked with CFH for almost ten years, I was ready for a career move and was very interested in the rapidly growing RegTech sector, helping financial institutions to streamline and enhance their compliance function. I believe Muinmos has the most comprehensive and effective Regulatory Onboarding Engine – it can provide a one-stop-shop in onboarding from client categorisation, including suitability and appropriateness, through to KYC and AML.”
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