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Singapore commits $42 million to Regtech grants for banks

( April 30, 2021, 08:17 GMT | Official Statement) -- MLex Summary: The Monetary Authority of Singapore said today that it will commit S$42 million ($31.6 million) to a new grant scheme to encourage banks to adopt new technologies that help them manage their risks and regulatory compliance obligations. It will also add S$30 million to the existing Digital Acceleration Grant scheme, which aims to encourage the industry to adopt digital solutions that will boost banks' efficiency, productivity and cyber security systems. The full statement from the Monetary Authority of Singapore follows:...

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