Regulatory technology (RegTech) company ClauseMatch has launched its operations in Singapore, marking its footprint in the Asia-Pacific (APAC) market.
The London-headquartered company, with its SaaS solutions, offers financial institutions to streamline regulatory change management by organizing internal policies, standards, procedures, and controls. The company is also leveraging machine learning and artificial intelligence (AI) to automate the compliance process with regulatory needs.
Commenting on this expansion in the APAC region, Evgeny Likhoded, ClauseMatch’ founder and CEO, 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.”
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