CYS INSIGHTS

A Report by CYS Global Remit FinTech Development Unit Singapore's Payment Services Act now reaches further than ever — capturing firms that facilitate money movement even when they never touch the funds themselves. Here's what the expanded perimeter means. Closing the Gaps When the Payment Services Act (PS Act) first came into force in 2020, it was built around a relatively intuitive premise: if your business handles customers' money or digital tokens, you need a licence. But

Report by CYS Global Remit Counterparty Sales & Alliance Unit USD/SGD 1.2750 – 1.2850 The past week brought several significant developments in global currency markets, with five major central banks announcing monetary policy decisions within days of one another. The Reserve Bank of New Zealand's (RBNZ) unexpected decision to hold interest rates, the Bank of Canada's return to monetary tightening and the US Federal Reserve's cautious stance contributed to renewed movements ac

A Report by CYS Global Remit Digital Media Marketing Team You have made the payment, received a confirmation and informed your recipient to expect the money. But hours or even days later, the funds have yet to appear in their account. It is a frustrating situation, especially when the payment is meant for an important expense, a family member waiting for support or a supplier expecting settlement. If your international money transfer is delayed, it does not necessarily mean t

A Report by CYS Global Remit Legal & Compliance Office Part 1: Why Transaction Monitoring Alone Is No Longer Enough Introduction For decades, transaction monitoring has been the backbone of Anti-Money Laundering (AML) programmes in the financial industry. Rule-based thresholds, red flags, and scenario alerts have served compliance teams reasonably well in identifying suspicious activity. However, as payment ecosystems become faster, more digital, and increasingly cross-border

A Report by CYS Global Remit Human Resource Management Unit When Differences Become Opportunities for Understanding No workplace is completely free from disagreement. Employees may have different working styles, priorities, opinions, or approaches to solving problems. In a fast-moving environment, these differences can sometimes lead to misunderstandings or conflict. Conflict itself is not always negative. When managed constructively, disagreement can encourage employees to c