A-Team Insight Briefs

Singapore Offers Grants to Support RegTech Uptake

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: Best practices for regulatory reporting

Regulatory reporting has been a cost and resource burden for financial institutions for many years, with the race to compliance in a highly regulated market often leading to multiple, singular regulatory reporting solutions. Legacy systems add to the challenges of making reporting changes in line with adapted and new regulations. This webinar will address these...

BLOG

Bracing for More Change in Trade Reporting

By Mark Steadman, Executive Director, Head of DTCC Report Hub Services. In the wake of the 2008 financial crisis, regulations governing the reporting of transactions across key asset classes have been implemented in major jurisdictions around the world. This complex thicket of rules is set to become even more complicated and costly for firms’ as...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...