IX Swap Taps Cynopsis as KYC Partner

Partnership
IX Swap Taps Cynopsis as KYC Partner

IX Swap is building the first platform in the world designed to provide liquidity pools and automated market-making functions to the STO and TSO industry. As we take on the challenge of redefining the security token landscape, we are proud to collaborate with Cynopsis Solutions as our e-KYC partner.

Cynopsis offers regulatory technology (RegTech) solutions that allow companies to automate regulatory and compliance processes by leveraging artificial intelligence (AI) and machine learning.

Driven by its mission to help companies achieve better regulatory outcomes, Cynopsis fuses deep regulatory knowledge with functional technologies to bring best-in-class solutions to the banking, financial services, financial technology, and cryptocurrency fields.

The company was established in 2014 and is headquartered in Singapore, with global offices all over the world, including the United States, United Kingdom, United Arab Emirates, Taiwan, and Vietnam. 

Fast and Secure Digital Onboarding and E-KYC

By tapping Cynopsis’ cutting-edge Artemis E-KYC solution, IX Swap clients can count on fast, secure, and accurate KYC screening, risk assessment, record-keeping, and ongoing due diligence that use machine learning and AI to deliver reliable results in under 60 seconds.

The nature of the security token industry demands the strictest observance and highest compliance with regulatory guidelines regardless of location – a no mean feat that Cynopsis has been doing for years.

Aaron Ong, the co-founder of IX Swap, highlights the importance of maintaining above-industry standards when it comes to IX Swap’s security and regulatory compliance – something that Cynopsis can readily provide with its suite of advanced solutions that harnesses the best technological innovations in the field.

“The partnership seeks to enhance IX Swap’s regulatory compliance through Cynopsis’ automation of the compliance and regulatory processes. We are excited about this opportunity as it will allow us to future-proof our business, enabling us to maintain regulatory compliance and paving the way towards the future of finance.”

Chye Kit Chionh, CEO and co-founder of Cynopsis, echoed Ong’s sentiments and added that the partnership further cements Cynopsis’ leading position as a trusted RegTech solution provider for their clients globally.

“We are very glad that IX Swap has placed their trust in Cynopsis to assist them with the digitization and automation of key customer onboarding and due diligence processes. As regulations become more stringent over the years, we strongly believe that this partnership yields IX Swap regulatory advantage against competition as they trailblaze in the new world of security token industry.”  

Cynopsis currently supports over 500 clients and more than 180 jurisdictions all over the globe.

About Cynopsis Solutions

Cynopsis Solutions offers RegTech solutions designed to digitize and automate compliance and regulatory processes, in particular Know-Your-Customer (KYC), Anti-Money Laundering (AML), and Counter-Terrorism Financing (CTF). 

The company’s accolades include MAS FinTech Awards (2018), RegTech100 (2018, 2019, 2022) and Financial Times Top 50 High Growth Companies in Asia-Pacific.

Cynopsis has successfully combined 70 years of regulatory and financial services knowledge with the latest functional technologies. They have built a suite of KYC and AML software products to meet the ever-increasing regulatory expectations globally, which help ease their clients’ existing compliance pain points and future-proof their businesses by enabling them to achieve regulatory advantage against competition.  

Cynopsis.co | Twitter | LinkedIn | Facebook | Instagram


About IX Swap

IX Swap is a next-generation platform that leverages DeFi services backed by CeFi regulatory compliance to facilitate safe and convenient issuance, listing, and trading of security tokens and fractionalized NFTs.

By bridging the gap between traditional finance and innovative blockchain-based solutions, IX Swap is paving the way in democratizing access to traditional financial markets that have never been done before.

Announcement | Telegram | Twitter | LinkedIn | YouTube | Medium | Instagram

More Articles

Mission Log — May 2022

Mission Log — May 2022

As we work around the clock to bring you the best security token DEX that you can count on, here’s a look-back at what...
News