Just last week, Impact Finance’20 held their first online event in the Central and Eastern Europe (CEE) region, and we are extremely thrilled to have the opportunity to participate in the action-packed two day virtual event that has gathered over 100 speakers across the world from banking, payments, technology and commerce.
Our CEO and Co-Founder, Chionh Chye Kit was invited to join in one of the moderated panel sessions as a panelist last Thursday, on 26 November, to discuss the topic - Rethink. Reinvest. The Biggest Opportunities In Post-Pandemic Finance. Amidst the current pandemic situation where global economies were impacted significantly, the panel session serves as a platform for audiences who are looking to understand the various perspectives from the speakers on how the crisis has impacted their respective sectors, the future outlook and trends, as well as some of the expectations in 2021.
Throughout the 20-minutes discussion, the speakers shared similar thoughts on the post-pandemic outlook, where they pointed out that there is an upward trend for digitisation and automation, and Compliance and RegTech solutions (such as Anti-Money Laundering) will be key in the ecosystem as regulatory burden on regulated firms globally increases. To conclude the informative panel discussion, the panelists also agreed that the crisis will bring in new opportunities, where firms and institutions that are willing to reinvest, rethink their business models and adapt to the changing future will emerge as winners. Vice versa, firms that fail to adapt accordingly will be phased out. As the CEO and Co-Founder of Cynopsis Solutions, Chye Kit also shared with the audiences some tips and strategies to remain competitive during the pandemic crisis, where he also agreed that the key for survival is to stay agile and adapt to changes.
We would like to thank the organisers for having us at the virtual event, allowing us to share our expertise and knowledge during the panel session. We had a wonderful time at the event and we hope the same for the speakers and audiences who were present!
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.