Singapore, September 25, 2018 - Cynopsis Solutions has partnered with Dow Jones Risk & Compliance to provide users with more comprehensive search coverage. This will allow Cynopsis to effectively address global needs in the regulatory sector and provide cost-effective AML/KYC solutions to different continents of the world.
Many new and stringent regulations have been put in place, especially in the recent years, in an attempt to combat money laundering and terrorism financing. It is thus essential for companies to build a seamless compliance process to ensure they stay ahead of the regulatory curve.
Cynopsis Solutions aims to build the bridge between companies and these regulatory requirements, in particular anti money laundering (AML), counter terrorism financing (CTF) and Know-Your-Customer (KYC). Cynopsis’s flagship product Artemis helps to fulfil regulatory guidelines in terms of KYC Screening, Record Keeping as well as Risk Assessment.
“Companies with global operations in the financial services space are looking to make business critical decisions, armed with the most accurate data possible,” said Guy Harrison, General Manager, Dow Jones Risk & Compliance.“ Our partnership with Cynopsis will allow them to provide their customers with the information that they need as regulatory environments evolve and as the use of cryptocurrencies continues to gather momentum. This is a sector with very particular compliance challenges, and an important area of growth for Dow Jones Risk & Compliance.”
“We are extremely excited about this global partnership with Dow Jones that will enable Cynopsis to grow our client base internationally to access a full coverage of news search via our flagship Artemis software for better risk assessments and evaluation, while ensuring our clients can seamlessly comply with regulatory guidelines in the most resource-efficient way,” said Chye Kit, CEO of Cynopsis Solutions.
What is Artemis?
Artemis is a simple, cost-effective one-stop software to automate complex regulatory requirements on KYC, AML and CTF. Till today, Artemis has been tried and implemented by more than 750+ B2B clients around the world in just more than 40 months of operations. Our vision is to achieve Regulatory Inclusion by making compliance processes easier for smaller companies to follow. Artemis extends its product coverage to not just the FinTech industry, but also the professional services, financial institutions, startups and cryptocurrencies.
How do we achieve it?
So how does Cynopsis Solutions help to create a seamless compliance process? Cynopsis Solutions leverage on Artificial Intelligence (AI) to automate the manual and to digitise the analogue. To put it simply, we (1) automate your KYC and AML practices and (2) assist in your ongoing due diligence through technology. Currently, we have more than 3000 users globally and is proudly selected as one of MEDICI Top 21 RegTech Companies in the world as well as the only founding member of the RegTech Association in Australia.
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.
About Dow Jones Risk & Compliance
Dow Jones Risk & Compliance is a global provider of third party risk management and regulatory compliance solutions. Working with clients across the globe, it delivers research tools and outsourced services for on-boarding, vetting and investigation to help companies comply with anti-money laundering, anti-bribery, corruption and economic sanctions regulation in mitigating third party risk. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).