A Report by CYS Global Remit FinTech Development Unit Recently, both Amazon Web Services (AWS) and Cloudflare —two of the world's biggest internet infrastructure providers—experienced major outages that sent shockwaves through the financial services sector. These weren't isolated technical hiccups; they exposed fundamental vulnerabilities in how modern fintech platforms operate. What Happened? AWS went down because of an internal system error that caused one of its core data

A Report by CYS Global Remit Digital Media Marketing Team If you've ever sent money overseas, you might have wondered: "Are there limits on how much I can transfer?"  The short answer is yes – in some countries, there are limits. But the details vary depending on the destination, the purpose of your transfer, and the currency involved. Why Do Limits Exist?  Governments and regulators impose transfer limits primarily to protect their financial systems , manage currency flows ,

Navigating Compliance in a Rapidly Evolving Payments Landscape Part 2: Operational Gaps – Lessons from Recent Penalties  The Monetary Authority of Singapore's (MAS) recent enforcement actions have exposed critical operational failings across multiple financial institutions, offering stark lessons for the payments sector. These aren't minor infractions – they represent fundamental breakdowns in compliance that carry serious business consequences. What Went Wrong? The penalised

A Report by CYS Global Remit Human Resource Management Unit At CYS Global Remit, we are filled with joy as we share a heartwarming milestone that resonates deeply within our corporate family—the enchanting wedding of our former Chief Dealer, now our newly appointed Chief Treasury Operations Officer (CTOO), who recently united in matrimony with his beloved partner, a cherished former CYS employee. The magical ceremony unfolded on the evening of November 15, 2025, in the elegan

A Report by CYS Global Remit Counterparty Sales & Alliance Unit   GBP/SGD   1.7050 – 1.7150   A Currency Held in Stasis Amid Fiscal Anxiety  The British pound is trading in an unusually compressed range as markets count down to the U.K.’s November 26 Budget, a fiscal event that has taken on outsized significance following the turmoil of 2022. While sterling remains under pressure, analysts from Bank of America (BofA) and ING note that the currency has also displayed a surpris

A Report by CYS Global Remit Digital Media Marketing Team What an incredible week it has been at the Singapore FinTech Festival (SFF) 2025 ! From 12 to 14 November, our CYS Global Remit team joined thousands of brilliant minds from around the world to explore how technology is transforming finance—and the energy was simply electric. A Global Gathering of Innovation This year's festival brought together over 65,000 participants from 134 countries, turning the Singapore Expo in

A Report by CYS Global Remit Office Facilities Management Unit In today's fast-paced work environment, having a kitchen and dining area in the office is more than a convenience—it's a cornerstone of community. At CYS, this belief has shaped our journey from a modest beginning to a thriving workplace culture centered around food and fellowship. From Humble Beginnings Our story began in a small unit at Shenton House, where a simple kitchen setup served as the heart of our offic

A Report by CYS Global Remit Customer Success Management Team Introduction  In the business world, customers form the core of every successful enterprise. They are not only the source of revenue but also the reason a company continues to grow and evolve. Convincing a client to choose your services is already an achievement—but earning their continued trust and loyalty is what truly defines success.  At CYS Global Remit, many of our clients have placed their trust in us for 10

A Report by CYS Global Remit Counterparty Sales & Alliance Unit   USD/SGD   1.3000 – 1.3050   Inflation and Rate Expectations Remain Key Drivers Amid Market Rebound Global equity markets received a much-needed lift this week as optimism grew that the United States government shutdown—now the longest in history at 40 days—may finally be nearing an end. Reports of a bipartisan agreement in the Senate to fund government operations through January triggered a wave of relief acros