As financial firms across Singapore continue their strong growth, managing compliance effectively brings increased challenges.
The MAS Regulatory Technology Grant is open now, and applicants are advised to submit their requests 3 months in advance of projects commencing.
The Monetary Authority of Singapore (MAS) launched its inaugural Regulatory Technology (“RegTech”) Grant scheme.
The scheme helps Singapore-based financial firms (regulated by MAS) to enhance their risk management and compliance functions by leveraging technology solutions.
The RegTech Grant has two tracks: 1. Production Level Project and 2. Pilots.
1. Production Level Project Track
This track enables firms to apply for 50% of qualifying expenses, capped at $300,000 with timing spanning up to 18 months from project commencement date.
1. Pilot Track
This track enables firms to apply for 50% of qualifying expenses, capped at $75,000 for >200 staff OR
75% for <200 staff with timing spanning up to 12 months from project commencement date.
Common RegTech Outcomes
MyComplianceOffice (MCO) has enabled more than 1300+ firms in 105 countries with our risk management and compliance solutions.
We've helped clients in Singapore and across the globe see outcomes including:
MCO's powerful dashboards give compliance officers and managers a bird's eye view of all activity.
The Benefits of Implementing a RegTech Solution
What Are Customers Saying About MCO Compliance Management Suite?
- Understanding the many forms of compliance risk
- Driving more than “tick-box compliance”
- Dealing with cross-border compliance complexities
- Empowering company-wide compliance through RegTech solutions
Alternatively, request your no-obligation demonstration of MCO.
Discover how we can help you automate your compliance management, stay ahead of evolving regulations, and gain complete confidence in your risk reduction strategy.