Cynopsis Solutions is proud to participate and sponsor Compliance Summit 2016 organised by RHT Compliance Solutions. It was a fantastic event with close to 250 delegates, primarily from financial sector, actively engaging in audience polls and Q&A.
In show of our support for the event, we took an exhibition booth where we showcase our flagship product, Artemis - KYC Automated. It was fun to discuss with delegates how our solutions can assist them better manage AML risk in a cost effective manner.
1st Panel : AML in Sharp Focus
I was privileged to be called to share my thoughts on implications arising from the sharp AML focus by regulators in recent months. It was a fun discussion where audience polled that KYC, risk-based approach, amongst others are items that kept them worried. I suggested practical steps that can be taken to addressed some of the concerns.
2nd Panel : Leveraging Technology in AML
Putting on my "Technology Hat", we discussed what sorts of technology and innovation that are available (and possibly available in the future) where institutions can tap on to reduce their regulatory burden.
Whilst I'm a fan of bleeding-edge technology, I think the market needs something that can assist them to reduce the inefficiencies of their current manual processes and analogue mode here and now. We spoke about utilities model, blockchain, etc.
Thank you RHT Compliance Solutions for putting this fabulous event together 2nd year round. Proud to be back again.