Regtech
The Evolving Opportunities and Roadblocks in Singapore’s Maturing Regtech Scene
Progressive regulations, strong government support and the availability of talent and capital are cementing Singapore as a fintech hub with a maturing regtech market. However, the impact of Covid-19 has catalysed the development of its regtech sector, according to a
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APAC Countries Lose an Average of US$4 per Transaction Due to Fraud
A report by lobal data and analytics company LexisNexis® Risk Solutions found that Australia, Hong Kong, Japan and India recorded higher losses per transaction due to fraud compared to its Asia Pacific (APAC) counterparts. It showed that the cost per
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BearingPoint Expands Regtech Solution to Help Firms Comply With Latest MAS Module
BearingPoint RegTech, a Netherlands-based regtech solution provider, has further expanded its end-to-end solution ABACUS/Transactions with a new MAS module. The MAS module helps firms comply with their derivative reporting requirements imposed by the Monetary Authority of Singapore (MAS) and digitalise
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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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