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Cynopsis Passes 1st Year ISO 27001 Surveillance Audit

Following the attainment of International Organization for Standardization (ISO/IEC 27001:2013 Information Security Management Systems) Certification in 2020, we have just undergone and passed our first year ISO Surveillance Audit conducted by TÜV SÜD, a world-renowned auditing and certification service provider.

This marks an important milestone for Cynopsis Solutions’ journey in ensuring that information security management and practices are maintained at global industry-leading standards. The passing of our first ISO Surveillance Audit signifies our dedication to safeguard our clients’ data in a manner that is benchmarked to international best practices given our global-based clientele.

The entire process of achieving and maintaining ISO/IEC 27001:2013 certification has never been an easy task. It requires significant dedication of time and resources to develop, maintain and implement numerous ISMS policies throughout the entire organisation. At Cynopsis Solutions, security of information is not just a Technology Team’s problem; It is everyone’s priority. Formation of an internal ISO Committee that comprises members from various departments ensures that the importance of information security culture permeates across the organisation.

Photo taken with the TÜV SÜD ISO auditors after completing the ISO Surveillance Audit

Photo taken with the TÜV SÜD ISO auditors upon completing the ISO Surveillance Audit.

We believe that information security management is not a one-off exercise. Instead, it is the continuous and consistent effort over the years that will bring about greater assurance for our clients in placing their trust in our AML/KYC solutions. In turn, this creates a better regulatory advantage for our clients as they know that Cynopsis Solutions handles their data with certified and established policies and procedures when compared to others using non-certified service providers.

“In a fast-paced competitive environment, some service providers may cut corners on various aspects of their business especially during this unprecedented Covid pandemic situation. At Cynopsis Solutions, we believe there are some things that cannot be compromised and information security management is one of them. I am very proud of the team’s effort and dedication to work through with our auditor, TÜV SÜD in achieving this milestone”, noted Mr. Chionh Chye Kit, CEO & Co-Founder of Cynopsis Solutions.

About Cynopsis Solutions

Founded in 2014 and headquartered in Singapore, Cynopsis Solutions offers RegTech solutions designed to digitise and automate Compliance and regulatory processes, in particular know-your-customer, anti-money laundering, and counter-terrorism financing. Cynopsis Solutions’ accolades include MAS FinTech Awards (2018), RegTech100 (2018, 2019) and Financial Times Top 50 High Growth Companies in Asia-Pacific.

Our end-to-end KYC/AML solutions are designed according to the global FATF recommendations, applicable to more than 180 jurisdictions and is already helping more than a thousand B2B customers in the Banking, Financial Services, FinTech and Cryptocurrency, Professional Services and Gaming sectors globally.

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