Newsletter - Sep'16
It has been a busy August and September for us here at Cynopsis Solutions. A number of fantastic events which we participated in. The flavour of the month is RegTech - Regulatory Technology, which is what Cynopsis Solutions does.
Compliance Summit 2016
We are proud to sponsor Compliance Summit 2016 organised by RHT Compliance Solutions on 22 Sept. It was a fantastic event with close to 250 delegates, primarily from, the financial sector, actively engaging in audience polls and Q&A. Our Co-Founder, Chye Kit was invited to speak on the 1st 2 Panel Discussions in respect of the sharpening focus on AML and leveraging technology.
We published our first infographic on security and cloud services because we think that it is very important for people to have a very quick high level view of the good, the bad and the ugly where security and cloud services are concerned especially if it relates to customer information.
Understanding the intricacies of security in cloud services is not that straight forward and this Infographic is not intended to be comprehensive but should serve as a good starting point. For the financial institutions, MAS has revised its Outsourcing Guidelines on 27 Jul and there are some rather important actions to be taken. For the Corporate Services Providers, Accountants, Lawyers and other non-FIs, we think it is necessary for you to at least ask your existing vendors some of the pertinent questions suggested in this Infographic.
Conduct, Mis-Selling & Conflict of Interests
On 21 Sept, Chye Kit published an article in LinkedIn about the recent trends of misconduct reported in the news where he co-related some of these transgressions to the fundamental issues that caused the GFC in 2008 as well as several bigger financial crimes reported in recent times. It all boils down to conduct, conduct and conduct. This article was re-published with permission by Regulation Asia here.
24 Sept - We will be sponsoring Money Changer Association 7th AGM, where we will also be launching a brand new version of our flagship product - ArtemisZero.
27-28 Sept - We will be participating in the inaugural InsurTech Conference
5 Oct - We will be speaking at the first-ever FinTech Fiesta organised by RHT Compliance Solutions. Come and join in the fun!
20 Oct - We will be sharing our thoughts on RegTech at the forthcoming FinTech Meetup at Blk79. Come and join in the conversation.