Helping CSPs To Stay Competitive Through RegTech - Cynopsis at CSIS 4th CSPs Conference


Cynopsis is delighted to once again participate in this year's Chartered Secretaries Institute of Singapore (CSIS) 4th CSPs conference. We are also honoured that Chye Kit, our CEO and Co-Founder, was invited by CSIS to join the event as one of their esteemed speakers.

The event had gathered and created extensive network opportunities for the corporate secretaries, directors, managers and partners of Corporate Service Providers (CSPs), and listed companies. To help the CSP sector stay ahead of the regulatory curve, the CSPs conference curated a list of informative and engaging programmes to provide the attendees a good understanding of the best regulatory practices. The main objective of the event is to drive professionals in this industry to stay updated on the legislative changes and developments from the regulatory authorities. Lastly, in hope to encourage the use of regulatory technology (RegTech) for the CSP sector to drive up their efficiency and reduce cost, the event provided a platform for regulatory technology firm to showcase their solutions.

Our team also had the opportunity to interact with many professionals and thought leaders in the CSP industry, exchanging thoughtful insights with them. We also had the opportunity to mingle with the participating regulatory authorities like Accounting and Corporate Regulatory Authority (ACRA), Ministry of Law and Personal Data Protection Commission (PDPC).

Speaking on the topic “The Heat is on (Technology, AMLCFT and CSPs)”, Chye Kit shared his valuable insights on Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) for the Corporate Service Providers (CSP) sector during the event. He further explained how technology advancement helps the CSP sector to better comply with AML/CTF regulations, and why it is important in this digital age to stay competitive by driving their regulatory compliance practices through technology.

We would like to thank CSIS and the event organisers for giving us this opportunity to showcase Cynopsis and our RegTech solutions. The event has also allowed us to exchange latest regulatory updates and insights with the CSP stakeholders, as well as the importance of utilising technology to keep up with regulatory requirements - a key enabler to keep the CSP sector ahead of the regulatory curve. We look forward to participating in the next event series.

About Cynopsis Solutions

Cynopsis Solutions was established in Singapore in 2014 and offers regulatory technology (RegTech) solutions designed to automate KYC processes. It has operations in Singapore, UK, Taiwan and Vietnam. Cynopsis Solutions is a winner of MAS FinTech Awards 2018 and has been recognized as one of the REGTECH100 – an annual list of 100 of the world’s most innovative RegTech companies as determined by RegTech Analyst, a RegTech intelligence platform.

Website: www.cynopsis.co

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#KYC #AML #Compliance #regulatorysolutions #knowyourcustomer #antimoneylaundering

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