ClauseMatch signs its first engagement in Singapore with Ingenia
4th July 2019
L39 member ClauseMatch has announced its first engagement with a Singaporean organisation – Ingenia – a service provider for financial institutions.
Marking the business’ first partnership in Singapore following international expansion, ClauseMatch has forged a partnership to provide ‘Compliance-as-a-service- to small and medium-sized financial institutions.
This development comes along with Singapore and the UK signing three agreements in London on June 13 that will boost collaboration in financial services including making a new agreement to enhance cooperation in data connectivity between the two financial centres.
Ingenia designs, advises on and maintains compliance frameworks for financial institutions who outsource their compliance function and in specific compliance support assignments. They assist in the challenging tasks of creating, supporting and running the compliance function for smaller financial institutions, including fund managers, external asset managers, and FinTech companies.
“Monetary Authority of Singapore recognises the importance of regulatory technology which is signified by the agreement between the UK and SG governments on RegTech among other things. In the last few years London emerged as the leader in RegTech and the partnership with Ingenia will help local firms get access to best in class-leading tech in compliance,” Evgeny Likhoded, CEO & Founder at ClauseMatch mentioned.