SINGAPORE, Nov. 17, 2021 /PRNewswire/ -- Regtank Technology was awarded 2nd Place at SFF Global FinTech Awards 2021 (ASEAN FinTech) presented by MAS during Singapore FinTech Festival 2021 by Ravi Menon, Managing Director of MAS.
Organised by MAS in collaboration with the Singapore FinTech Association, the Award Winners were selected amongst four categories: Singapore Founder, ASEAN FinTech, Singapore Financial Institution and Global — by an international panel comprising industry experts across multiple fields.
"Amongst the 298 applicants and tough competition, being awarded the MAS ASEAN FinTech is a tribute to Regtank's product and solidifies our ability to contribute to the financial sector. We are grateful for the recognition. The team will continue to improve on our solution to live up to our vision of making compliance easy for our customers." — Megan Lee, Founder & CEO, Regtank Technology Pte Ltd
With 100% positive client feedback on its user experience, Regtank Compliance Solution has benefited organisations by saving up to 50% cost and increased efficiency by saving time. We help clients reduce human error and mitigate risks through the automation and standardised system process.
The MAS ASEAN Fintech Award aims to recognise FinTech initiatives that have helped create new growth opportunities, transform industry practices, and promote financial inclusion amidst challenging circumstances as economies around the world look to recover from the impact of the COVID-19 pandemic.
"Fintech funding in Southeast Asia jumped more than three times in the first nine months of this year to US$3.5 billion compared with full-year 2020, with Singapore accounting for nearly half of the region's deals at US$1.6 billion. Singapore is also fast emerging as the region's leading Institutional crypto-asset hub. These developments generate demand for innovative and cost-effective regulatory technology solutions like Regtank's Compliance Solution and I congratulate RegTank for winning the prestigious MAS ASEAN Fintech Award." — Chia Hock Lai, Co-chairman, Blockchain Association Singapore.
Regtank aims to empower fintech companies to effectively manage their entire compliance program on a single platform with higher efficiency and lower costs.
At the core, Regtank's Compliance Solution is a risk-based approach (RBA) full suite solution covering the entire process of AML compliance. Additionally, the Regtank team is working on creating a proprietary algorithm of blockchain analysis with AI/Machine Learning technologies. At length, Regtank aims to provide firms with ecosystem-wide mechanisms as a self-sustaining decentralized compliance protocol to transform the compliance landscape in the industry.
About Regtank Technology Pte Ltd
Regtank is the leading provider of a one-stop software-as-a-service compliance solution, serving to revolutionize the compliance landscape. Regtank today provides risk assessment and management, screening, record keeping, ongoing due diligence, transaction monitoring, blockchain analytics, and the identification of the origin of funds. For more information, you can visit us at https://regtank.com/.
