MAS GRANTS FOR FINANCIAL SECTOR                                    Accelerating Adoption for RegTech and ESG Solutions

Ease your budget constraints! The Monetary Authority of Singapore (MAS) is incentivizing companies to adopt RegTech (up to S$100K) and ESG (up to S$500K) solutions.

On August 7, 2023, MAS renewed its Financial Sector Technology and Innovation Scheme (FSTI 3.0), setting aside a substantial S$150 million over the next three years. The objective is clear: Supporting projects using cutting-edge technologies and to promote a vibrant technology ecosystem for the financial sector in Singapore over the next 3 years. At Artius Global, we are excited about MAS commitment to encourage FinTech/ RegTech innovation and adoption.

Of particular note by Artius Global:

• The RegTech Grant incentivizes Singapore-based MAS regulated Financial Institutions (FIs) with less than 200 staff in Singapore to use RegTech solutions to improve the efficiency of the risk and compliance functions in FIs. The grant covers up to 30% of qualifying expenses, capped at S$100K. 
• The ESG Fintech Track supports the development and deployment of projects that address ESG data, reporting, and analytics needs in FIs. The grant covers up to 50% of qualifying expenses capped at S$500K per project.

These grants have the potential to be true game-changers, particularly for organizations where budget constraints may have been a hindrance to adopting advanced technology solutions.

 Key Features & Benefits: 

• Comprehensive Rule Engine: Equipped with a library of over 3,300 rules across 100+ countries and 150+ exchanges for 5 key regimes (substantial shareholdings, takeover, short selling, issuer limits, and sensitive industries).

• Intuitive Dashboard with Real-time Visibility: Monitor positions against dynamic regulatory thresholds. Raise notifications when thresholds are near or when breach.

• Auto Population of Disclosure Forms, including Foreign Language Forms and XML Generation: Streamline your workflow by reducing tedious manual data entry, paperwork and human error exposure.

• Deploy & Adapt with Ease: AGSD’s flexible rules repository offers both out-of-the-box, industry – standard rules and configurability to meet unique in-house requirements.

• Reduce Risk Exposure with Automated Alerts: Stay ahead of regulatory changes with peace of mind.

• Expertly Managed Multi-delivery Options: Achieve undivided focus on core business objectives through seamless monitoring and reporting – available in SaaS, Cloud and On-premise.

Our Sustainability and Regulatory Disclosure reporting platform allow users to capture ESG data points to effectively manage and complete ESG disclosures that are fast becoming a regulatory requirement globally. 

 Key Features & Benefits: 

• Quality reporting mapped to multiple global frameworks & ESG regulatory requirements

• Steer Clear of greenwashing with indisputable chain of data trail & calculation methodologies

• Identify and reduce risk with real-time tracking and detailed reports of your ESG initiatives

• Strengthen ESG transparency and your brand

• Improve sustainability practice with in-depth data, analytics and new insights

• Live ESG metrics for board, investment team, management, and other stakeholders

• Optimize ESG insight sharing with controlled access throughout organizational entities and groups

Read more here: Financial Sector and Innovation Technology Scheme (FSTI 3.0)

CONNECT WITH US

We strongly encourage interested FIs in Singapore to speak with us to learn more on how these grants and our solutions can help simplify complexities for you. Feel free to contact us or drop us a note directly at enquiries@artiusglobal.com.