Cynopsis Solutions Supports Fair & Progressive Employment Practices


As we grow our team in Singapore and elsewhere, Cynopsis Solutions is cognisant of the need to create and maintain a conducive work environment for our team members globally. In this regard, we are pleased to announce that we have adopted the relevant guidelines proposed by Tripartite Alliance for Fair & Progressive Employment Practices (TAFEP) in Singapore. The objective of TAFEP is to help organisations adopt fair and merit-based employment practices in Singapore.


Under the Tripartite Guidelines, Cynopsis Solutions has adopted 4 key practices: (1) Flexible Work Arrangements (FWA), (2) Unpaid Leave for Unexpected Care Needs (UCL), (3) Recruitment Practices (RP) and (4) Grievance Handling (GH).


FWA allows employees to have a reasonable work-life balance and the flexibility to better manage their work responsibilities and personal commitments whilst provision for UCL allows employees to juggle work with unexpected caregiving responsibilities. These are important considerations that Cynopsis Solutions’ management supports especially in the current Covid-19 pandemic situation.


As for RP, Cynopsis Solutions adopts a fair and merit-based employment practices by selecting potential employees based on merit and role-suitability regardless of nationality, age, gender, religion and so on. In Cynopsis Solutions, employees can bring up their grievances and complaints of discrimination directly to the senior management and CEO without any fear or favour.


“In the often harsh working environment of a start-up, employees’ well-being may be overlooked or de-prioritised. At Cynopsis Solutions, we believe that the people should be at the front and center of most business decisions. Adopting the TAFEP standards is the next sensible thing to do as we grow our teams globally”, said Mr. Chionh Chye Kit, CEO & Co-Founder of Cynopsis Solutions.


For more information on the TAFEP, please click here.


About Cynopsis Solutions

Founded in 2014 and headquartered in Singapore, Cynopsis Solutions offers RegTech solutions designed to digitise and automate Compliance and regulatory processes, in particular know-your-customer, anti-money laundering, and counter-terrorism financing. Cynopsis Solutions’ accolades include MAS FinTech Awards (2018), RegTech100 (2018, 2019) and Financial Times Top 50 High Growth Companies in Asia-Pacific.


Our end-to-end KYC/AML solutions are designed according to the global FATF recommendations, applicable to more than 180 jurisdictions and is already helping more than a thousand B2B customers in the Banking, Financial Services, FinTech and Cryptocurrency, Professional Services and Gaming sectors globally.


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