As a globally trusted RegTech solutions provider, Cynopsis Solutions constantly strives to help our global clients to simplify compliance and achieve a regulatory advantage. We understand the regulatory pain points faced by our clients in both the Financial and non-Financial services sectors in their client onboarding and KYC/AML screening processes. In this article, we have listed out how ARTEMIS, an ASTAR product, is able to help companies tackle these cumbersome processes.
Accuracy of data
As we believe in providing the best, we have partnered with global databases that are widely recognised such as Dow Jones Factiva and Refinitiv World Check, to ensure that our clients are able to fulfill their due diligence obligations through internationally reputable sources. Artemis performs ongoing due diligence (ODD) on a daily basis and screens against Politically Exposed Persons (PEPs), Adverse Media profiles, and over 2,000 Sanction lists. Having both Dow Jones Factiva and Refinitiv World Check databases as our partners, who are widely known and recognised by regulators around the world, adds further credibility and confidence in our clients that their screenings are being done against truly reliable sources.
Speed and scalability
Get your KYC/AML screening done in a quick and accurate manner! Artemis is able to screen your customers in under 60 seconds. Apart from speed, Artemis is also highly scalable and customisable to help meet the various needs and business requirements of all types of clients. We offer cost-effective solutions for smaller and medium-sized organisations, as well as larger-scale corporations from both the Financial and non-Financial sectors.
Trusted and leading solutions providers
Cynopsis Solutions is a multi-award winning Regtech company established in Singapore since 2014 with over 2,000 B2B clients till date. We are headquartered in Singapore, and we are the only vendor located in the heart of Singapore’s regulatory centre – the MAS Building. We also have operating offices located globally in the United Kingdom, Abu Dhabi, Taiwan, and Vietnam. With offices situated around the world, this reinforces our strong global presence which allows us to constantly be within the reach of our clients and develop a deeper understanding of the regulatory and compliance needs of our global clients.
Accredited Regtech Company
Cynopsis Solutions has achieved several accolades and marked multiple significant milestones with only 6 years of establishment. In 2020 alone, we have not only been named as the Top 50 High-Growth Companies in Asia Pacific by the Financial Times and Statista but also the Top10 Fastest Growing Companies in Singapore by the Straits Times. We are also a winner of MAS FinTech Awards 2018 and have been recognized as one of the REGTECH100 consecutively for the year 2018 and 2019 – an annual list of 100 of the world’s most innovative RegTech companies. We are also proud to announce that we have recently achieved the International Organization for Standardization (ISO) 27001:2013 certification, the globally recognised standard for Information Security Management Systems (ISMS).
Reduction of false positives
Artemis ensures a smooth customer experience by reducing the rate of false positives.
Artemis leverages advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Natural Language Processing (NLP) based Sentiment Analysis, to help reduce false positives by up to 90%. This in turn ensures our global clients that they will be able to obtain highly accurate screening results on Artemis, reducing the amount of time and effort spent on administrative work to manually investigate each screening hit.
Cynopsis Solutions is founded by Banking & Compliance industry veterans and comprises a team of highly experienced individuals in the compliance and financial services fields.
Here’s a little fun fact about our CEO & Co-Founder:
Chye Kit has more than 20 years of financial and capital markets experience in Asia, gained largely from working in Macquarie Group and ING Bank. Prior to his entrepreneurship in 2014, Chye Kit spent more than a decade with Macquarie Group as Managing Director and Regional Head of Compliance, Asia.
Chye Kit received a number of accolades including the much coveted MAS FinTech Awards 2018 and was named as a Top 10 FinTech Leader in Singapore 2019 by Singapore FinTech Association (SFA).
Chionh Chye Kit
CEO & Co-Founder
Here’s a little fun fact about our Chief Revenue Officer:
Dan has more than a decade of experiences in the financial and capital market, acquired largely from his past working experiences from the various financial institutions namely Deutsche Bank, JP Morgan Chase & Co., Barclays Capital and Merrill Lynch.
Amidst his past working experiences in the different financial institutions, he took on several roles ranging from Trade Support to Regulatory Reporting to Compliance Officer.
Chief Revenue Officer
Here’s a little fun fact about our Head of Product and Compliance:
Weixiong’s experience in the financial market goes way back to 2011. He is Anti-Money Laundering (AML) certified by International Compliance Association (ICA) and he has accumulated his extensive compliance knowledge and experience through his working experience in various banks namely OCBC Bank, CIMB, Raiffeisen Bank and Bank of China.
As the Head of Product and Compliance in Cynopsis Solutions, he oversees the team to ensure that our solutions are up-to-date with the global regulatory compliance regulations and remain relevant for our clients in the various sectors.
Head of Product and Compliance
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.