Document management company ClauseMatch has marked its move into the Asia Pacific market with the opening of an office in Singapore.
The RegTech 100 company decided to move into Singapore due to the market’s strong collaboration ties with Europe and its adoption rate for technology, it said. ClauseMatch’s first interaction with the Singapore market was part of the DIT Singapore mission.
To support its international expansion plans, the company recently partnered with RegPac Revolution which offers support to those looking to enter the Singapore market. It offers fosters relationships across the global RegTech ecosystem and offers tailor-made workshops and advice to support them.
ClauseMatch CEO Evgeny Likhoded 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.”
The RegTech startup offers organisations with solutions to automate impact assessments, streamline the implementation of regulatory change and collaborate more effectively on documents used across the firm. The platform enables financial institutions to assess risks and improve operations around policies, standards and procedures though document editing and workflow tools.
Last year, ClauseMatch became the first company to join the Investment Association’s FinTech membership category. The accelerator aims to support companies within the asset management space and support the adoption of new technologies.
The company was named in the RegTech 100 for the second time in a row.
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