Continuing Our Global Expansion - United States of America
Riding on the momentum that we have gathered with the opening of our Abu Dhabi office in July this year, today we are extremely proud to announce that Cynopsis Solutions is officially incorporated in the United States on 2 November!
With Cynopsis Solutions now setting foot onto the United States’ RegTech scene, we are definitely ready to compete at the global level in addressing know-your-customer (KYC) and anti-money laundering (AML) pain points in the industry.
This expansion is in line with Cynopsis Solutions’ vision and mission to be the Global Trusted RegTech Firm for our clients as we continue to help them achieve better regulatory outcomes and overcoming the regulatory burden that they continue to face in respect of KYC and AML.
Cynopsis Solutions’ end-to-end RegTech solutions - ARES (Digital Onboarding solution), ARTEMIS (e-KYC solution) and ATHENA (Transaction Monitoring solution), have proven to help our clients automate and streamline their entire digital onboarding, KYC screening and transaction monitoring process, whilst ensuring they stay compliant with the increasingly stringent regulatory requirements across the world.
Cynopsis Solutions is committed to continuously strive to bridge the gap between our clients’ core businesses and the ever-evolving regulatory requirements. In this regard, besides partnering with established screening database providers such as Dow Jones and Refinitiv, we have also collaborated with partners such as DocuSign and FaceTec, bringing greater convenience to our clients to effortlessly onboard their end customers in a secured and verified manner.
In addition to growing partnerships, Cynopsis Solutions received the much-coveted ISO/IEC 27001:2013 Certification on Information Security Management System (ISMS) recently. This provides better assurance for our clients that our products are offered with the highest level of information security as we are now benchmarked against the global industry standard.
“Opening up in the United States is a huge milestone for us at Cynopsis Solutions. Going global and being able to strategically and operationally service clients round the clock is the key to a successful RegTech SaaS business given the hyperconnectedness of our clients offering financial services to their customers all over the world. Covid-19 pandemic has not slowed down our clients’ efforts in new business acquisitions around the world. Therefore, rather than to sit and wait for the pandemic to be over, we have decided to position ourselves ahead of the curve in order to be ready to better serve our current and prospective clients globally. United States offer a very large and exciting growth opportunity for us in the next few years”, said Mr. Chionh Chye Kit, CEO & Co-Founder of Cynopsis Solutions.
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.