On September 17, our CEO Chye Kit, and Sales Director Dan Poh, was invited to attend the Taiwan FinTech Space Launch Ceremony. We are excited to announce that Cynopsis Solutions will set its presence in Taipei, Taiwan. The launch of Taiwan FinTech Space is instructed by Financial Supervisory Commission of Taiwan (FSC) and co-funded by its private wing Taiwan Financial Service Roundtable (TFSR). FinTech Space is the first flagship FinTech-focused co-working space in Taiwan. This space was built to create a tech-based environment for stimulating and accelerating the latest FinTech innovation.
FinTech Space is the first Taiwan FinTech hub, and Cynopsis Solutions is honoured to be part of the first 37 startups that will be actively contributing at the Taiwan FinTech Space. Startups that will be joining us in the space come from various industry, including the Financial Management, Blockchain, Real Estate, Insur-Tech, etc.
The launch of FinTech Space in Taiwan seeks to strengthen the Fintech ecosystem within the country and stimulate Fintech innovation through its four main comprehensive programs: Co-working Space, Entrepreneurship Mentoring, Digital Sandbox, and Global Resources. Through strategic alliance, the Taiwan FinTech Space is expected to be a platform for collaboration amongst FinTech stakeholders. This will also serve as a form of educational, knowledge-sharing space to support and accelerate businesses growth.
Furthermore, the space will provide a platform to facilitate sharing of insights in the FinTech industry between different companies. This will help to promote collaborations, nurture ideas and solutions that are necessary to create new innovative technologies, which will be beneficial for our global expansion plans.
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.