Andrew P. White, CEO and founder of FundApps

London-based FundApps, a Regulatory Technology (RegTech) provider has expanded its operation into Asia Pacific (APAC). FundApps’ services automate some of the most difficult tasks in financial compliance, enabling compliance teams at top-tier financial services organisations to get more done in less time. Claiming to have a vast rule library and a dedicated in-house legal & regulatory team, FundApps enables compliance teams to respond more efficiently to regulatory change, increase certainty and reduce complexity in the compliance process.

The strategic decision of opening an office in Singapore showcases FundApps continued growth in the APAC and the opportunity to serve current and new clients in the region. The company already caters to its clientele in Europe and the Americas with offices in London and New York respectively.

The decision also comes on the heels of Singapore being a key financial hub in the region; the Monetary Authority of Singapore (MAS) hosted Asia’s first RegTech-focused event in 2016 showcasing the countries dedication to work towards innovation in the field.

“The MAS is putting a lot of emphasis into the development of blockchain, RegTech and AI — using new innovations to make workflow processes more efficient and find ways to provide real-time monitoring of regulatory compliance,” said Chris Bays, Business Development Manager at FundApps.

“Establishing a presence in Singapore is an obvious next step for us,” said Andrew P. White, CEO and founder of FundApps. “With offices located across three continents we now truly are a global provider of Compliance as a Service. As the best CaaS provider in the market, we have a mission to provide an environment where the relationship with our clients is one of transparency and collaboration to allow the industry as a whole to benefit from the wisdom gained.”

by Megha Bhattacharya
Market Analyst at IBS Intelligence