Regtech

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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Evolving Regulatory Landscape Pushes Wealth Managers Towards Regtech Specialists

The rapidly changing regulatory landscape is pushing wealth and asset management companies to turn to specialist regtech providers, experts said. In a webinar that took place on August 25, 2020, Ralf Huber, co-founder of Swiss regtech firm Apiax, and Claire

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Apiax is Awarded MAS’ FSTI Proof-of-Concept Grant

Swiss Regtech startup Apiax has been awarded the FSTI Proof-of-Concept grant by the Monetary Authority of Singapore (MAS) on the 16th June, 2020. The FSTI Proof-of-Concept grant provides funding support for experimentation, development and dissemination of nascent innovative technologies in

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Lack of Access to Capital Hindering Australia’s Potential to Be a Leader in Regtech

Limited access to funding and long sales cycles are hampering Australia’s regtech industry, preventing the sector from realizing its full potential, according to industry trade group the Regtech Association (RTA). The RTA, which conducted qualitative research of 33 regtech companies

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Silent Eight Uses AI to Fight Financial Crime

COVID-19 continues to spread in Singapore with now more than 30,400 confirmed cases and over 20 deaths, according to the latest data from the John Hopkins University. Though the numbers continue to rise, with 614 new cases of COVID-19 infection

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Regtech Solution Provider IMTF Announces New APAC Head

IMTF, the Leading Swiss provider of RegTech solutions in the financial service industry since 1987, has reinforced its APAC focus and presence with the nomination of Jordan Lo to the company’s management team. Jordan Lo will take over as APAC

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