Cynopsis team is glad to have been able to catch up with team from Dow Jones & Refinitiv, both our valued partners.
Cynopsis Solutions is delighted to attend the ACAMS 11th Annual AML & Financial Crime Conference - Asia Pacific that happened from 8-9 April. With the ever-changing regulatory landscape, Anti-Money Laundering (AML) screening has become an essential business practice in financial sector to fight financial crime globally. The two-day conference brought together compliance professionals and regulators across the region, and the conference covered on how firms can mitigate financial crime risks in today’s digital landscape. The conference has provided an excellent platform for Cynopsis Team to exchange insights and practices on fighting financial crime with fellow industry players.
As financial services and transactions become more digitalised in this era, financial crimes are also evolving and becoming more sophisticated. Governments worldwide recognises the pivotal threat of financial crime in the global financial system, and stringent regulations have been put in place to fight against financial crimes such as money laundering and terrorism financing. This posed many challenges to businesses due to increasingly heavy administrative burden and high costs incurred by firms to ensure that their compliance practices meet the local regulatory standards.
Regulatory Technology (RegTech) therefore comes into play, helping firms to overcome these challenges and comply effectively to regulatory requirements. The combination of our deep regulatory expertise with the smart use of functional technologies has allowed us to design leading AML/KYC solutions for clients globally to address their compliance pain points and simplifying their workflow in a cost-effective way.
We are delighted to be part of this year’s conference and we look forward to more opportunities to attend future ACAMS conferences!
About Cynopsis Solutions Cynopsis Solutions was established in Singapore in 2014 and offers regulatory technology (reg tech) 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 Twitter: https://twitter.com/cynopsiss LinkedIn: https://sg.linkedin.com/company/cynopsis-solutions LinkedIn UK: https://www.linkedin.com/company/cynopsis-solutions-uk Facebook: https://www.facebook.com/cynopsis.co/