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Singapore gov’t offers millions to modernize RegTech solutions in financial industry

Singapore gov’t offers millions to modernize RegTech solutions in financial industry – CoinGeek

Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), has pledged S$42 million (US$31.6 million) towards modernizing the country’s financial digital infrastructure. Part of this will include the new Regulatory Technology (RegTech) grant scheme, which provides funding both to develop new entrants to the market, and assist more established firms to integrate modern RegTech systems on a larger scale.