We are pleased to announce that Cynopsis Solutions and SCSK Corporation have initiated discussions towards establishing a strategic partnership.
SCSK Corporation stands as a prominent figure in Japan's information technology landscape. Renowned for its expertise in system integration, cloud computing, and information security, SCSK predominantly serves enterprises through its B2B software solutions. It operates under the esteemed Sumitomo Corporation umbrella.
In this collaboration, Cynopsis Solutions and SCSK Corporation will join forces to mutually enhance the visibility and utilization of their respective products and services. Initially focusing on Southeast Asia and Japan markets, the partnership aims to expand its reach to global markets. The shared objective is to offer comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions to clients, while also venturing into the development of newer Compliance products, including Environment, Social, and Governance (ESG) solutions for B2B clientele.
Commenting on the partnership, Mr. Ryuji Yamamoto, General Manager of the Global Strategy Planning Department at SCSK Corporation, expressed, "SCSK is privileged to formalize this Memorandum of Understanding with Cynopsis, an esteemed player in the compliance sector of Southeast Asia. We look forward to collaborating closely to enhance offerings for financial institutions and other enterprises across Southeast Asia and Japan."
Mr. Chionh Chye Kit, CEO & Co-Founder of Cynopsis Solutions, added, "We are honored to partner with SCSK Corporation, a renowned information technology firm in Japan. This alliance presents a promising opportunity for Cynopsis Solutions to extend our acclaimed products to the mid to lower tier Japanese financial services segment. Additionally, we eagerly anticipate working with SCSK to expand our respective product portfolio across Southeast Asian markets in the near future."
About Cynopsis Solutions  Â
Cynopsis Solutions helps companies digitize and automate AML/KYC compliance processes. Our focus is on know-your-customer, anti-money laundering, and counter-terrorism financing. Cynopsis Solutions’ accolades include MAS FinTech Awards, RegTech100, and Financial Times Top 50 High Growth Companies in APAC. Our end-to-end KYC/AML solutions are designed according to the global FATF recommendations and applicable in more than 180 jurisdictions.
We've helped firms across various industries, not limited to Banking and Financial Services, FinTech, Blockchain companies and Designated Non-Financial Businesses and Professionals.
About SCSK
SCSK provides a full line-up of IT services to meet every business need, ranging from consulting to system integration, verification services, IT infrastructure implementation, IT management, IT hardware and software sales, and BPO. SCSK is dedicated to taking on new challenges faced by various industries and solving social problems through collaborative innovation with our partners and customers.