Fintech firm MYCDD launches in Jersey

Posted: 26/04/2021

Stephane Gimenez_MYCDD_apr21Fintech business MYCDD has been formally launched in Jersey.

CEO and Founder Stephane Gimenez (pictured) has spent the past 12 months setting up the new business, which aims to help international financial services and other firms better manage their client due diligence requirements.

Stephane cites rising demand for digital due diligence solutions among fiduciary services firms, law firms, estate agents and recruitment companies across the Channel Islands and other international finance centres.

Using a secure cloud-based platform, MYCDD enables firms to automatically transfer, store, manage and update a broad range of client due diligence documents through a single online central portal. 

Stephane has more than 20 years’ experience in international financial services, having previously worked for Mourant, Aztec Group and Ocorian in a range of IT and product development roles.

He commented: “In the face of ever greater regulatory requirements, particularly for firms in the international financial services space, the need for robust, fast and seamless due diligence solutions is rising rapidly. 

"The reality for many organisations is that due diligence processes are still unproductive, and the launch of MYCDD is a direct response to that. Our aim is to simplify how firms gather client due diligence from related parties automatically and securely.

“Developing and launching a fintech over the past 12 months has been a challenge given the unprecedented environment, but we are committed to enabling firms to meet their obligations cost-effectively, quickly and easily.”

MYCDD currently has a team of 10 based in Jersey and other jurisdictions, including business and client support, compliance specialists and technical developers, and plans to grow the team in the coming years.

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