RegTech Grant Scheme by MAS

RegTech Grant and Enhanced Digital Acceleration Grant to Spur Tech Adoption in Singapore’s Financial Sector On 30 April 2021, the Monetary Authority of Singapore (MAS) announced a S$42 million grant scheme that aims to accelerate technology adoption in the financial sector, specifically for risk management and regulatory compliance. Regulatory Technology…

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MAS Covid-19 Support – Digital Acceleration Grant (Up to $120,000)

The COVID-19 pandemic has disrupted businesses across all sectors, prompting many businesses, including financial institutions (both licensed and exempted institutions) (“FIs”) and fintech businesses to embrace digital changes in order to weather the storm that is the current pandemic. With the extremely uncertain business landscape, the Monetary Authority of Singapore…

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Expanding the Scope of SME Grant Schemes (MRA, PSG & EDG)

Following the Ministerial Statement announced by Deputy Prime Minister Heng Swee Keat on 5 October 2020, Enterprise Singapore announced that it will enhance and extend grant and loan schemes for SMEs on 12 October 2020, which include, inter alia, the Market Readiness Assistance Grant (“MRA”), the Productivity Solutions Grant, Enterprise Development Grant and…

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