ClauseMatch a London based regtech firm announced that it will be expanding its operations into Asia Pacific with Singapore as its regional headquarters. ClauseMatch’s software enables financial institutions and fintechs keep up with regulatory changes.
Back home ClauseMatch counts several top-tier financial institutions including the likes of Barclays as their client. Prior to their launch in Singapore, the regtech company struck a deal with Revolut to manage its regulatory compliance
Speaking on the matter, ClauseMatch’s CEO, Evgeny Likhoded stated:
“Establishing a presence in Singapore is an important milestone for ClauseMatch. Many banks have done expansions by way of acquiring local banks. And integration of local entities into the group is often not done perfectly, so what we offer to banks in Asia is actually a way to manage their internal compliance in a central way and see where they have discrepancies with local processes in different countries in Asia.”
