Newsletter - Jan'17

As we kick-start the new year, we would like to wish everyone a Peaceful 2017 (in a regulatory-sense).  In this Year of Rooster, Cynopsis Solutions wishes you a fantastic year filled with lots of Happiness, Success and Prosperity.  

RegTech

We are proud to be listed/mentioned in 3 separate RegTech listings (2 of which are global lists). For Cynopsis Solutions, the beauty of RegTech is the ability to combine our deep regulatory knowledge with smart use of technology in order to solve real world's problem for Compliance. 

Digital Customer Acceptance Form

Do You Know What You've Been Missing?

For CSP clients using Artemis, you can now create and send a digital version of Customer Acceptance Form (in the same format as ACRA's prescribed template) to your prospective clients to complete. The completed form is then submitted directly into Artemis over a secured-channel  thereby enabling you to reduce re-keying of basic customer information for the purpose of KYC.

 

While you are faced with increased regulatory requirements, the amount of regulatory burden need not be in the form of endless manual tasks. Smart use of technology (which is what Cynopsis is for) is the way forward to stay ahead of the regulatory curve. 

Artemis Zero

We launched a new variation of Artemis called Artemis Zero. It is targetted at money-changers, pawnbrokers, real estate agents and charities. Riding on Artemis framework, it provides a no-frill interface that is mobile-enabled for simpler retail- facing outfits to fulfil their AML/CFT regulatory obligations.  

 

It is the most cost effective KYC solution available in Singapore for these segments that offers UNLIMITED terrorist and sanction screening with on-going monitoring too.

As the memories of the very successful FinTech Festival 2016 still linger around, we caught this advertisement for FinTech Festival 2017 (13-17 Nov 2017).  MAS is very serious about making Singapore a leading FinTech Hub of the world. What we saw in the 2016 FinTech Festival was interesting albeit rather bank-centric.  Perhaps, the 2017 event should spread the love to tier 2/3 financial institutions. 

Regulatory reviews on AML Compliance is hotting up in various sectors that we've come across. So build your strong KYC foundation with Artemis is the way forward. Tell a friend and upon successful referral, we're happy to extend some discounts for your subsequent renewal. 

Overheard