Use Cases of RegTech

Know Your Customer (KYC) and Ongoing Due Diligence
Digitalising and automating the compliance processes can effectively identify and mitigate financial crime.

Transaction Monitoring

Detection of Suspicious Activities

Regulatory Reporting
To enable automated regulatory reporting through data analytics to minimise data errors and increase efficiency.

Risk Management
To effectively detect, evaluate and mitigate compliance and regulatory risks.

Case Management
To digitalise the case management for risk and compliance functions and create a historical record of actions performed on the system for record-keeping purposes.
MAS Initiatives
What's New
At the RegTech Summit APAC Virtual conference, Mr Damien Pang, Executive Director of Data & Technology Architecture, spoke about the key perspectives that RegTech firms and financial institutions need to embrace so as to spur the adoption of useful technologies and innovation in compliance and risk management.
Singapore, 30 April 2021… The Monetary Authority of Singapore (MAS) announced today a new Regulatory Technology (RegTech) grant scheme and an enhancement of the Digital Acceleration Grant (DAG) scheme to accelerate technology adoption in the financial sector. MAS will commit $42 million for the RegTech grant scheme and...