We are happy to announce that Cynopsis Solutions has partnered with Ethikom Consultancy, a compliance-focused organisation operating in the SEA region, to bring the compliance discussion to Singapore in the form of a meetup titled “Payment Services Act - A very practical approach”, which will be held on November 5, 2019 from 3 PM – 5 PM at the 80RR Fintech Hub SG.
The meetup will focus on the Payment Services Act, a statute bringing cryptocurrency dealing or exchange services under the supervision of the Monetary Authority of Singapore (MAS), the city-state’s central bank and financial regulator, which is nearing its implementation (due in early 2020).
During the event, a variety of topics pertaining to the Act’s implications on payments businesses - whether these are previously unregulated businesses (e.g. cryptocurrency exchanges, merchant acquisition firms), or existing payment institutions (e.g. remittance firms, e-wallet providers), will be covered.
We invite everyone who is actively involved in both the aforementioned categories to join us and find out more on how to prepare for the upcoming legislation, licencing requirements and tips for licencing application, as well as ways to benefit from transitional arrangements.
We look forward to meeting you there and jointly participating in fruitful discussions on the subject!
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.