Cygnetise

How do you manage the risk of accepting electronic signatures remotely? Do you have control over who can sign what in your organisation? How do you ensure effective corporate governance, operational resilience and signatory risk management across all your departments? What happens when relevant staff and stakeholders don’t have an efficient signatory policy to adhere to? Cygnetise allows you to manage all your signatory data digitally in a secure, cost-efficient and sustainable way. Forget about all those sensitive bits of paper lying in drawers, waiting to be found. Now you can have operational resilience, and enhanced efficiency. Also, by reducing the amount of paper used across the organisation you’ll be contributing to your ESG goals. Find out more in the video below 📺👇 #signatures #signatorymanagement #blockchain #blockchaintechnology #fintech #governance #compliance #ESG

How we've raised $8 million to transform the future of signatory management... Learn from our CEO Steve Pomfret in the recent episode of the Category Visionaries podcast by Front Lines. 👇 #Startup #DigitalTransformation

In this edition of #GovTalks, we chatted with Laurence Kiddle, Partner at Evelyn Partners, about the challenges of modern finance and regulatory environments, his vision for the future of GRC, and more. Read the complete interview below 👇 #Compliance #Regulation #RegTech

3 key takeaways from our latest edition of #GovTalks with Laurence Kiddle from Evelyn Partners 👇 1️⃣ A strong culture is the heartbeat of any successful organisation. Effective cultures prioritise the right people in the right roles, foster accountability, and focus on metrics that drive success. 2️⃣ Successful RegTech implementation requires strong change management and solutions that integrate seamlessly with existing systems and processes. It’s the non-technical aspects, like integration and process alignment, that often determine success. 3️⃣ The future of regulatory compliance lies in data science. As compliance shifts from analog to digital, businesses must adapt by generating, interpreting, and narrating their data effectively. This transition will fundamentally change how companies manage and communicate their compliance strategies. Read Laurence's complete interview now on our blog 👇 https://lnkd.in/epHBiFXU #Governance #Compliance #Regulation #RegTech

Is your bank mandate management falling short? 👀 Efficient bank mandate management is crucial for smooth financial operations and fraud prevention. However, for corporate treasuries, especially in large multinational organizations, managing bank mandates can be daunting. Tracking multiple signers across thousands of accounts globally is time-consuming and error-prone. The traditional methods—manual updates, spreadsheets, and emails—often result in frustration and inefficiencies. Discover how to streamline workflows, reduce costs, enhance security, and bring your bank mandate management into the digital age in our latest blog. Read the full corporate treasury playbook in the comments. 👇 #CorporateFinance #TreasuryManagement #DigitalTransformation #BankMandates

Change management is key when adopting #RegTech... Discover why in the latest edition of our #GovTalks interview series with Laurence Kiddle, Partner at Evelyn Partners. 👇 With over 20 years of experience in finance, tax, and regulatory technology, working with industry leaders Thomson Reuters, Deloitte, Silverfin and ARKK, Laurence has helped numerous clients navigate through modern compliance and challenges using the latest tech solutions and innovations. In our interview, we've touched on: ✅ His career journey ✅ Modern finance and regulatory challenges ✅ A real-life tech-driven governance success ✅ His vision for the future of GRC Read more ➡️ https://lnkd.in/epHBiFXU #GRC #CorporateGovernance #Regulation #Risk

#FraudAlert Westpac has been hit by a massive $290 million fraud! 🚨👀 A major investigation has uncovered a troubling scheme involving fake invoices and forged signatures, highlighting significant flaws in the bank's invoice verification processes. Over several years, fraudsters executed 100 transactions with forged documents, exploiting these weaknesses. This incident serves as a stark reminder of the vital role that #treasury departments play in safeguarding against fraud. Check out our latest blog below to learn more about what went wrong and how similar incidents can be prevented. 👉 Read more: https://lnkd.in/eEbeFi5M #RiskManagement #Fraud #CorporateTreasury

#FraudAlert Mazars has uncovered significant fraud in corporate banking in a series of customer assessments. The consulting firm identified several fraudulent activities, highlighting serious issues within corporate banking. ➡️ In one case, a company's former managing director, in collaboration with a bank's sales representative, was diverting customer payments and VAT reimbursements into unofficial bank accounts for personal use. When the fraud was discovered, the bank involved refused to provide crucial account details, despite legal authorizations. The delay in updating signatory lists further complicated management’s ability to secure control over both official and unofficial accounts. ➡️ In another instance, during a cross-inventory of bank accounts, Mazars found hidden accounts managed exclusively by branch CEOs, unknown to the banks' corporate treasury departments. Some of these CEOs were using these accounts to funnel income for personal use, such as investing in real estate like parking spaces. Even after some of these CEOs had resigned, the accounts remained active with outdated signatories. It's crucial to demand better oversight and more robust systems to prevent such fraudulent activities. Real-time, transparent updates to bank mandates and authorized signatories could significantly improve security in corporate banking. Learn more below 👇 #CorporateBanking #FraudPrevention #RiskManagement #CorporateTreasury

What are the risks of bank mandate fraud? 👀 Find out in our new blog where we unpack the dangers of mandate fraud, showcasing some shocking real-life cases, including the experiences of Mazars and Westpac, illustrating the critical need for vigilant fraud prevention measures and the role of corporate treasuries in the process. Read the whole blog below 👇 https://lnkd.in/eq6VCpry #RiskManagement #Fraud #BankMandate #CorporateTreasury

Thrilled to announce that Cygnetise has been awarded the "Best Distributed Ledger Technology for Regulatory Compliance" at this year's RegTech Insight, from A-Team Group European Awards! 🤩 🎉 A hearty congratulations to our entire team whose hard work and dedication have been recognised by the public's vote. 👏 We also extend our warmest congratulations to all the other esteemed winners, including SmartStream, Broadridge, AML Partners, First Derivative, Fusion Risk Management, Duco, S&P Global Market Intelligence, and Regnology, to name a few. Your achievements set a benchmark in the industry and inspire us all. Special shoutout to Dawd H. of Deutsche Bank, honoured as the European RegTech Industry Professional of the Year. It's inspiring to see such dedication and expertise across our field. 👀 👏 Thank you to the A-Team Group and the RegTech Insight community for this honour, and to everyone who voted for us. Here's to continuing excellence in regulatory compliance and innovation! To see who the other winners are, download the official report in the comments 👇 #RegTech #Compliance #Fintech