Regtech

Julius Baer Rolls Out Digital Advisory Platform for Regtech Compliance in Asia

Julius Baer has rolled out its Digital Advisory Suite (DiAS) in Asia that aims to simplify the complexity of regulations for relationship managers, enabling them to offer compliant advice to clients. The suite acts as a fully integrated solution, ensuring a

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Clearstream Selects BearingPoint to Comply With Singapore’s Compliance Reporting

European supplier of post-trading services Clearstream has selected BearingPoint RegTech, a Netherlands-based compliance technology provider, for its Abacus360 Banking solution for MAS 610 reporting. BearingPoint RegTech said that Abacus360 Banking is a standard software for national and international prudential reporting,

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PwC Singapore Teams Up with NetGuardians to Help Banks Fight Fraud

Swiss fintech NetGuardians, known for its AI-based, enterprise risk platform for combating banking fraud, announced a partnership with PwC Singapore to help banks fight fraud. With this partnership, banks in Singapore will have access to NetGuardians’ solution along with PwC

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Fenergo Bolsters APAC Presence With New Head of Sales for Asia

Fenergo, provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, announced the appointment of Gary Brookes as its Head of Sales in Asia. In his new role, Brookes will spearhead growth and execute Fenergo’s cloud strategy across

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DBS Enables SMEs to Open Accounts Using Facial Biometrics

DBS is using facial biometrics for online corporate account opening for SMEs to speed up information authentication and verification. This new feature runs on the Government Technology Agency of Singapore’s (GovTech) SingPass Face Verification technology, and DBS claims to be

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Silent Eight Bags Multi-Year Partnership to Help HSBC Combat Financial Crime

Silent Eight, a Singaporean regtech using Artificial Intelligence (AI) to combat money laundering and terrorism financing, announced a multi-year partnership with HSBC that will support the bank in enhancing its compliance operations. HSBC selected Silent Eight to improve its manual

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UOB Co-Develops AI-Powered AML Solution With Tookitaki

UOB has co-developed an artificial intelligence (AI) powered anti-money laundering (AML) solution with Singaporean regtech company Tookitaki after more than two years of rigorous validation and evaluation. The solution is said to be highly accurate in identifying suspicious transactions and

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MAS Plans to Strengthen eKYC Amid Rising Identity Scam Cases

The Monetary Authority of Singapore (MAS) issued a consultation paper on the types of information required for non-face-to-face verification of an individual’s identity or better known as eKYC by the industry. These proposed requirements come against the backdrop of rising

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MAS Offers $35 Million Grant to Ease Regulatory Reporting for Smaller Financial Institutions

The Monetary Authority of Singapore (MAS) has launched a S$35 million Productivity Solutions Grant (PSG) for the financial services sector to help smaller financial institutions adopt digital solutions for more streamlined data reporting to MAS. Supported by the Financial Sector

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Singaporean Regtech Tookitaki Among G20 TechSprint Winners

Singaporean regtech firm Tookitaki won in the monitoring and surveillance category for their “Crypto-currency AML Typology Repository Management” solution at the G20 TechSprint challenge. The hackathon-style competition was launched in April to highlight the potential for technology to resolve regulatory

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