Muinmos, a firm specializing in regulatory technology, has promoted Michael Thirer to the position of Chief Legal Officer, bringing him onto the management team. Thirer has been with the company for four years, initially joining as the Commercial Director. His responsibilities expanded in late 2022 when he became the Director of Legal, Governance, and Regulatory Affairs, a newly established role within the company.
In his new capacity as Chief Legal Officer, Thirer will manage the company’s legal and regulatory obligations. Additionally, he will contribute to shaping product strategy and ensuring that client onboarding adheres to regulatory standards. His work has been highlighted as essential to enhancing the company’s compliance framework and navigating intricate regulatory environments, keeping the organization’s platform aligned with industry standards.
Thirer is an experienced legal professional with two decades of background in law. Before his tenure at Muinmos began in 2021, he worked in private law firms, equipping him with a wealth of expertise to lead the firm’s legal initiatives.
Muinmos, known for its automated client onboarding platform for financial services, facilitates a comprehensive client onboarding process powered by artificial intelligence. This technology integrates client categorization with fully automated Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, along with risk assessments. The company touts the capability of completing onboarding in less than three minutes through its Software as a Service (SaaS) model.
Over time, numerous organizations have benefited from the solutions offered by Muinmos. For instance, Diagram Capital, which operates under FCA regulations, partnered with Muinmos to enhance its onboarding and compliance systems.
In addition to internal promotions, Muinmos has been actively expanding its leadership team. Recently, the firm established an Advisory Board, welcoming former executives from prominent companies such as Salesforce and Google. Additionally, they incorporated a veteran from LEGO into their board, signaling a commitment to bolstering expertise and experience at the strategic level.
Furthermore, Muinmos has announced plans to extend its operations into the MENA region, appointing a new Regional Business Development Director to spearhead this initiative.
This ongoing development illustrates Muinmos’ dedication to refining its operations, enhancing leadership, and ensuring compliance within the ever-evolving landscape of regulatory technology. Thirer’s advanced role is expected to further reinforce the company’s standing as a leader in delivering streamlined compliance solutions to financial entities globally.