Regtank achieves “Singapore Certified Fintech” status, recognized by SFA and MAS
Regtank is proud to achieve the status of “Singapore Certified Fintech” as a RegTech provider, awarded by Singapore Fintech Association (SFA).
As firms try to tackle fast-changing regulations introduced by regulators to combat increasing financial crime, Regulatory Technology (RegTech), provided by Regtank, becomes an essential equipment for firms to meet compliance challenges. RegTech is an integral technology recognized within the Singapore FinTech Ecosystem to enhance risk management and regulatory compliance in financial institutions.
The Fintech Certification is recognized by the Monetary Authority of Singapore (MAS), and is a benchmark requirement to attain various grants offered by MAS. It is awarded under strict requirements by the Singapore Fintech Association (SFA) to companies providing Financial Technology to improve and automate the delivery of financial services to end customers.
Regtank aligns itself with MAS to help FIs protect the interests of their customers and build continued trust and confidence. This is done by providing a state of the art compliance solution that leverages technologies to help firms facilitate the delivery of regulatory requirements efficiently and effectively.
Singapore Fintech Association (SFA) is designed to facilitate collaboration between the market participants and stakeholders of the FinTech ecosystem. Being a Certified Fintech, part of the SFA community, Regtank will step forward to actively contribute and collaborate with other members, financial institutions and regulatory bodies to share information and become a catalyst for innovation in the industry moving forward.
Regtank helps firms revolutionize their compliance workflow by providing a risk-based approach (RBA) compliance solution integrating KYC and KYT to provide a 360° risk profile by leveraging on our proprietary smart risk assessment engine.