In this ever-changing regulatory landscape, it is apparent that many financial institutions are facing challenges in adopting RegTech solutions to their business operations due to a lack of expertise in new technologies. Brought together by the Monetary Authority of Singapore (MAS) and Singapore FinTech Association (SFA) in collaboration with the Expand Research, a Company of BCG, the FI-RegTech Dialogue is organised to serve as a platform for the exchange of insights between RegTech and financial institutions. The purpose also includes helping RegTechs to understand the various pain points faced by financial institutions, while allowing RegTechs to explain how their solutions will be able to address their needs.
In this event, Chye Kit shared with the audience about the journey of Cynopsis Solutions as well as the evolution of traceto.io. Having worked in the banking industry for close to two decades, Chye Kit leverages on his profound knowledge and expertise in Compliance and regulatory requirements to design Artemis, our flagship product, which is a software that provides the much needed automation and digitisation for KYC and Anti-Money Laundering (AML). By coupling cost-effectiveness and comprehensiveness, he also shared with the financial institutions about how our software is different from the rest in the industry as it allows our clients to achieve efficient regulatory outcomes with ease.
Amongst the RegTech companies who are pitching, we are also honoured that Chye Kit has been specially invited to speak on the panel to provide an ecosystem perspective on challenges in adopting KYC solutions. He also shared about how RegTechs and financial institutions can have a better collaboration to create a seamless integration between them.
Cynopsis Solutions and traceto.io will continue to work towards promoting regulatory inclusion and easing compliance processes for everyone, redefining the ecosystem landscape.
About Cynopsis Solutions Cynopsis Solutions Pte Ltd is a RegTech company founded in 2014 and based in Singapore. We focus on anti-money laundering and counter terrorism financing softwares to automate the manual process and digitise the analogue records and documentation. Our Software-as-a-Service (SaaS) products are deployed in the cloud (Amazon Web Services) using industrial strength encryption, security technology and architecture design to ensure confidentiality and privacy of data stored. The unique proposition of combining our deep regulatory and Compliance expertise with smart use of functional technologies allows us to offer very cost effective anti-money laundering and counter terrorism financing solutions to smaller and medium size financial institutions, professional services companies as well as FinTech start-ups.
Website: www.cynopsis.co Twitter: https://twitter.com/cynopsiss LinkedIn: https://sg.linkedin.com/company/cynopsis-solutions Facebook: https://www.facebook.com/cynopsis.co/
About traceto.io traceto.io is a decentralised Know Your Customer (KYC) network that provides an inclusive KYC solution to cryptocurrency and blockchain product companies by fusing Smart Contract and Artificial Intelligence technologies. Leveraging on over 5 decades of experience in Compliance and RegTech, traceto.io’s vision is to bridge the gap between the real and virtual world KYC processes.