Fincy Forms Partnership With Trusted Global Compliance Provider Accuity
Singapore-based Fincy, an app facilitating seamless and instant transactions between crypto and fiat currencies, have entered into a partnership with trusted global payment and compliance expert Accuity. The partnership was formalised at a signing ceremony in Singapore between Vanessa Koh, Fincy Singapore CEO, and Jonathan Rogerson, Accuity’s Director for Southeast Asia and ANZ last month.
The partnership will reinforce Fincy’s current Know Your Customer (KYC) processes, a mandatory requirement for all users and merchants to complete prior to transacting within the Fincy app.
“As a provider of financial services, trust and security are our top priorities,” said Fincy’s Ms. Koh, when reached for comment. “Having a global compliance leader like Accuity in our corner further bolsters our own initiatives and strengthens our commitment to compliance and anti-money laundering.”
Fincy’s plans for user adoption centre on cryptocurrency initiatives. In Singapore, where the company is headquartered, these initiatives include a crypto payment gateway and mobile payment provider, a cloud-based custody wallet that makes storing cryptocurrency hassle free, a token-based loyalty program for SMEs, and a hosted exchange service.