Level39 member ClauseMatch expands into Singapore
26th March 2019
ClauseMatch, a Level39 SaaS regtech company for banks and financial institutions, is expanding into Asia Pacific with the launch of operations in Singapore.
CEO Evgeny Likhoded said: “Establishing a presence in Singapore is an important milestone for ClauseMatch. Many banks have done expansions by way of acquiring local banks. And integration of local entities into the group is often not done perfectly, so what we offer to banks in Asia is actually a way to manage their internal compliance in a central way and see where they have discrepancies with local processes in different countries in Asia.”
First introduced to the market as part of the DIT Singapore mission, ClauseMatch used the opportunity to learn about the market through events before subsequently setting up the office.
“Besides, from what we experienced, Singapore is very open to collaborating with innovative financial technology companies from Europe and rate of adoption of technology in Asia is much faster because there are fewer legacy systems in large financial institutions. We are eager to make our commitment to this market and help it perhaps even leapfrog other more established markets,” he adds.
As part of its international expansion, ClauseMatch has partnered with RegPac Revolution, the leading RegTech ecosystem platform in Singapore, to leverage its extensive professional connectivity in APAC markets.