Get up to 80% co-funding to digitalize your MAS reporting

The MAS Financial Sector Technology and Innovation (FSTI) Digital Acceleration Grant (DAG) scheme supports Singapore-based financial institutions with < 200 employees adopt digital solutions to improve productivity, strengthen operational resilience and better manage their risks. Working with Vizor, you can get up to 80% co-funding to implement Vizor’s MAS610 Regulatory Reporting solutions.

A project launched to support individual smaller Financial Institutions and FinTechs to adopt digital solutions. It covers 80% co-funding of qualifying expenses listed below, capped at $120,000 per entity, for the duration of the scheme:

• Hardware and software, including licences, maintenance and subscription costs; and
• Professional services tied to the adoption of the digital solution (e.g. consultancy, cybersecurity testing, IT audit, training, change management).

Eligible entities can claim for expenses incurred from 1 February 2020. The funding period is capped at 1 year.

If you are interested in improving your MAS reporting, reach out to our RegTech team of experts and we can discuss your eligibility for the Digital Acceleration Grant. Please fill out the short form here to get in touch.