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Regulatory Technology Or Regtech , Monetary Authority Of Singapore , Monetary Authority , Regulatory Technology , Digital Acceleration Grant , பண அதிகாரம் ஆஃப் சிங்கப்பூர் , பண அதிகாரம் , ஒழுங்குமுறை தொழில்நுட்பம் , டிஜிட்டல் விரைவுபடுத்துதல் மானியம் ,

Monetary Authority of Singapore Dedicates S$42 Million for Regtech Initiatives

Monetary Authority of Singapore Dedicates S$42 Million for Regtech Initiatives
The
Monetary Authority of Singapore (MAS) has announced a new grant program targeting Regulatory Technology or Regtech that is said to be an enhancement of the
Digital Acceleration Grant (DAG) scheme to accelerate technology adoption. In a public statement, MAS said it will commit S$42 million for the Regtech grant scheme and enhanced DAG scheme.
Sopnendu Mohanty, Chief Fintech Officer at MAS, stated:
“MAS remains committed to the digital transformation of the Singapore financial sector. We expect the RegTech ecosystem to flourish with widespread use of innovative solutions to aid risk management and compliance. The Digital Acceleration Grant has enabled the smaller FIs and FinTech firms to adapt to the challenges in the past year and we will continue to support these firms as they accelerate their digital transformation journey. We encourage FIs to tap on these grants to embed ....

Ian Lee , Sopnendu Mohanty , Regulatory Technology Or Regtech , Monetary Authority Of Singapore , Business Development At Merkle Science , Monetary Authority , Regulatory Technology , Digital Acceleration Grant , Chief Fintech Officer , Vice President , Business Development , Merkle Science , ஈயந் லீ , பண அதிகாரம் ஆஃப் சிங்கப்பூர் , பண அதிகாரம் , ஒழுங்குமுறை தொழில்நுட்பம் , டிஜிட்டல் விரைவுபடுத்துதல் மானியம் , தலைமை ஃபிண்டெக் அதிகாரி , துணை ப்ரெஸிடெஂட் , வணிக வளர்ச்சி , மேர்கிலே அறிவியல் ,

Monetary Authority Of Singapore Commits $42m To Spur Adoption Of Technology Solutions For Risk Management And Regulatory Compliance

Monetary Authority Of Singapore Commits $42m To Spur Adoption Of Technology Solutions For Risk Management And Regulatory Compliance
Date
30/04/2021
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 enhanced DAG scheme.
RegTech Grant
2 The RegTech grant scheme, which is available to Singapore-based financial institutions (FIs), aims to promote the adoption and integration of technology solutions in the risk management and compliance functions of FIs. This will help FIs enhance processes and capabilities in these domains, and encourage a vibrant RegTech ecosystem in Singapore. ....

Sopnendu Mohanty , Financial Sector Technology , Monetary Authority Of Singapore , Regulatory Technology Regtech , Monetary Authority , Regulatory Technology , Digital Acceleration Grant , Chief Fintech Officer , Regtech Grant , Innovation Scheme , நிதி துறை தொழில்நுட்பம் , பண அதிகாரம் ஆஃப் சிங்கப்பூர் , பண அதிகாரம் , ஒழுங்குமுறை தொழில்நுட்பம் , டிஜிட்டல் விரைவுபடுத்துதல் மானியம் , தலைமை ஃபிண்டெக் அதிகாரி , கண்டுபிடிப்பு திட்டம் ,

MAS commits $42 million to RegTech grant scheme

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MAS commits $42 million to RegTech grant scheme
9 hours ago
Source: Monetary Authority of Singapore
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 enhanced DAG scheme. [1]
RegTech Grant
The RegTech grant scheme, which is available to Singapore-based financial institutions (FIs), aims to promote the adoption and integration of technology solutions in the risk management and compliance functions of FIs. This will help FIs enhance processes and capabilities in these domains, and encourage a vibrant RegTech ecosystem in ....

Sopnendu Mohanty , Financial Sector Technology , Monetary Authority Of Singapore , Regulatory Technology Regtech , Monetary Authority , Regulatory Technology , Digital Acceleration Grant , Chief Fintech Officer , Regtech Grant , Innovation Scheme , Block Chain , நிதி துறை தொழில்நுட்பம் , பண அதிகாரம் ஆஃப் சிங்கப்பூர் , பண அதிகாரம் , ஒழுங்குமுறை தொழில்நுட்பம் , டிஜிட்டல் விரைவுபடுத்துதல் மானியம் , தலைமை ஃபிண்டெக் அதிகாரி , கண்டுபிடிப்பு திட்டம் , தலைப்புச் செய்திகள் , தொகுதி சங்கிலி ,

What is Regulatory Technology (RegTech)?

Graphic Online
BY: Kwami Ahiabenu, II
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Banking regulations are at a crossroads. The widespread application of new digital technologies is pushing the envelope with central banks grappling with how to deal with the impact of financial technologies relating to regulations on the one hand and on the other hand how to apply them in their regulatory functions. Enter Regulatory Technology (RegTech).
Regulators such as Central banks across the globe are increasingly integrating RegTech into all of their operations as part of digital transformation processes, expanding supervision and regulatory functions and allowing deeper connections with entities they supervise. For regulated entities such as banks and financial institutions, where previously regulatory rules were almost static; RegTech allows them to be dynamic in the way they manage compliance. ....

National Labour Commission , Regulatory Commission , Enter Regulatory Technology Regtech , Health Facilities Regulator , Drugs Authority , Central Bank , National Petroleum Authority , Regulatory Technology , Artificial Intelligence , Know Your Customer , Free Zones Board , Public Utilities , Standards Board , தேசிய தொழிலாளர் தரகு , ஒழுங்குமுறை தரகு , மருந்துகள் அதிகாரம் , மைய வங்கி , தேசிய பெட்ரோலியம் அதிகாரம் , ஒழுங்குமுறை தொழில்நுட்பம் , செயற்கை உளவுத்துறை , தெரியும் உங்கள் வாடிக்கையாளர் , இலவசம் ஸோந்ஸ் பலகை , பொது பயன்பாடுகள் , தரநிலைகள் பலகை ,