mwb fairtrade Wertpapierhandelsbank digitizes KYC processes with YourKYCplus from CURENTIS
mwb fairtrade Wertpapierhandelsbank AG is a securities trading bank licensed by BaFin and is one of the most experienced capital market service providers in Germany. mwb is a market maker in over 50,000 order books on German stock exchanges and also assists medium-sized companies in raising capital on the financial markets.
mwb fairtrade Wertpapierhandelsbank also faces the challenge of reconciling regulatory requirements and digitalization. Banks must continuously optimize their processes in order to remain competitive. This also includes the efficient and secure identification of customers as part of the Know-Your-Customer (KYC) guidelines.
mwb has decided to implement theYourKYCplus software solution from CURENTIS.YourKYCplus is a modular solution that digitizes and automates the entire KYC process. This makes the KYC process fast, secure, and digital.
The introduction ofYourKYCplus was successfully completed in a very short time. Now customers and employees benefit from faster and more convenient processing.
Jürgen Mai (Executive Office, Compliance, and Money Laundering Prevention): "YourKYCplus meets all the requirements for our business arising from the due diligence obligations of the GwG. We compared various software solutions in advance and then decided onYourKYCplus from CURENTIS."
Ralf Penndorf, CEO of CURENTIS AG, is delighted about the collaboration: "We are delighted to count mwb fairtrade Wertpapierhandelsbank among our customers! OurYourKYCplus software can provide financial service providers in Germany, as well as in Luxembourg and Switzerland, with tailored support for due diligence checks. An efficient digital KYC process is essential, particularly in light of the new EU requirements for AML.
Further information can be found at www.yourkycplus.com
About mwb
mwb fairtrade Wertpapierhandelsbank AG is a securities services provider licensed by the German Federal Financial Supervisory Authority (BaFin) with branches in Gräfelfing near Munich, Hamburg, Hanover, Frankfurt and Berlin.
The company was founded in 1993. The IPO took place in 1999. Today, mwb shares are listed on the Munich Stock Exchange in the m:access segment as well as on the OTC markets of the Berlin, Düsseldorf, Frankfurt (Basic Board), Hamburg and Stuttgart stock exchanges.
mwb is active in two business areas: securities trading and corporates & markets. In securities trading, mwb manages over 50,000 order books for German and international securities. These include both equities and fixed-income securities as well as open-ended investment funds. This makes mwb one of the largest order book managers in Germany.
About CURENTIS
CURENTIS AG is a product and consulting company specializing in the financial sector for regulation and compliance.
In the field of anti-money laundering, CURENTIS offers consulting services in the following areas:
- Know Your Customer / Know Your Business Partner / Due Diligence
- Transaction Monitoring and Screen Listing
- Implementation of new regulatory requirements
- Process optimization and automation
- Risk analyses, controls, policies and reporting
Further information can be found at www.curentis.com
