A-Team Insight Briefs

Singapore Offers Grants to Support RegTech Uptake

Share article

The Monetary Authority of Singapore (MAS) has launched a $26m Productivity Solutions Grant (PSG) designed to help smaller financial services firms adopt technology aimed at streamlining their regulatory data reporting. Although currently only available to banks, the regulator hopes to expand the program to insurers and capital markets intermediaries. The funding will be used to purchase and implement digital solutions from a list of pre-approved managed services providers.

Sopnendu Mohanty, chief fintech officer at the MAS, says: “The co-funding support for the adoption of regulatory reporting solutions will help smaller financial institutions leverage technology to better meet regulatory obligations.”

Related content

WEBINAR

Recorded Webinar: Overcoming the Barriers to Implementing RegTech Solutions: The View from Either Side of the Fence

RegTech holds the promise of targeted, agile and often low-cost solutions to the real-world problems faced by financial institutions across the board. So why is it so difficult to get RegTech projects off the ground? RegTech solutions providers complain that it’s difficult to get access to decision-makers, and even when they do it’s tough to...

EVENT

Data Management Summit London

Now in its 11th year, the Data Management Summit (DMS) in London, will explore how financial institutions are adapting their data strategies to capitalise and support revenue generating activities and operational efficiency in today's digital and cloud based environment. Join us to hear from leading data practitioners and innovators who will share insights into how they are pushing the boundaries with data and delivering value through data and analytics.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...