IA Fintech Member Insights: Cynopsis Solutions
Cynopsis and Tokeny Solutions are pleased to announce they have formed a partnership with the goal of providing their clients with a smart, secure and streamlined compliance solution. The partnership ensures smooth investor onboarding and that ongoing KYC & AML checks are processed using Tokeny Solutions’ services and Cynopsis’ Triple A products – Ares, Artemis and Athena.
Founded in 2017, Tokeny Solutions is the leading provider of tokenization technology. They have worked with over 35 offerings across real estate, debt, equity, funds, utility and welcomed Euronext as their strategic investor. Their success has been recognised with awards from the likes of KPMG, FinTech 50 and most recently Sifted, a list of top European fintechs backed by the Financial Times.
“We are very excited to be working with Tokeny Solutions, a leading tokenization platform. We truly believe our mutual clients will benefit from this partnership as our models align beautifully with a focus on allowing companies to dematerialise assets on the blockchain, through the use of technology, while enforcing ever increasing compliance obligations.” noted Avere Hill, Co-founder and CEO EMEA, Cynopsis Solutions.
Cynopsis’ products cover the entire KYC & AML process from pre-transaction customer onboarding to post-transaction monitoring, effectively detecting and preventing unwanted entities from participating in any offering. Combined with Tokeny Solutions’ services, ONBOARD, T-REX and ONCHAINID, the universal identity system, issuers are able to issue digital assets compliantly and securely.
“For companies that are looking to benefit from utilising blockchain technology they need to have the correct partners in place to ensure they are adhering to the rules and regulations that govern capital markets. By integrating Cynopsis’ KYC & AML solutions with ours, we deliver benefits such as automation and digitisation whilst incorporating a complaint-by-design approach.” Commented, Luc Falempin, CEO of Tokeny Solutions. Fully understanding the potential of blockchain technology and the increasing need for regulatory adherence of companies that operate in its space, the two companies are able to provide their clients with a secure, compliant and end-to-end capital raising service.
About Tokeny Solutions
Tokeny Solutions enables mid-cap companies, marketplaces, investment banks, funds, asset managers and distributors to dematerialize assets on the blockchain, allowing them to reach a global audience, enforce compliance obligations, enable automation and increase operational efficiency.
The Luxembourg-based FinTech company is the market-leader in delivering an institutional grade, modular end-to-end platform, allowing for the issuance, transfer and servicing management of tradable digital assets/security tokens, such as tokenized loans, structured notes, equity and funds. Tokeny has issued multiple tokenized offerings across five continents with further security offerings imminent.
About Cynopsis Solutions
Cynopsis Solutions was established in Singapore in 2014 and offers Regulatory Technology (Reg Tech) 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.
Our end-to-end solution is designed according to the global FATF recommendations, applicable in 180 jurisdictions and is already helping more than 1,600 clients in the Banking, Financial Services, Professional Services and Gaming sectors globally to achieve better regulatory outcomes, improve efficiency and reduce cost.