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Active FI Partners
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How AWS and Cloudflare Outages Disrupted Global Financial Services
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 services to stop...
Are There Limits When Sending Money to Certain Countries?
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 , and prevent...
Navigating Compliance in a Rapidly Evolving Payments Landscape
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 institutions...
Facts and Figures
We’re good with numbers
How AWS and Cloudflare Outages Disrupted Global Financial Services
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 services to stop...
Are There Limits When Sending Money to Certain Countries?
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 , and prevent...
Navigating Compliance in a Rapidly Evolving Payments Landscape
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 institutions...
Article and News
Update information about global investment with us.
$0
Billion Transacted Volume
0
Accounts Remitted
0
Active FI Partners
0
Countries
About Us
We are a leading Singapore major payment institution specializing in cross-border payments in the Asia Pacific region. Our main focus is to serve the SME communities as well as other payment service providers in major APAC cities.
Our Brand started in 1981 and we have been continuously providing FX liquidity in North and South Asia corridors for most Asian exotic currencies, including CNY, with cross-border payment and domestic transfer facilities to our customers.