Empowering Financial Service Businesses

Ingenia is a leading consultancy to financial services businesses in Singapore. We carry out MAS regulatory compliance, assist in MAS licensing, execute internal audit and provide investment support .

Ingenia

As a trusted leader in regulatory compliance and internal audit in Singapore, we partner with our clients in wealth management, fund management, payment services, digital assets and crowdfunding to empower their businesses with our tailored solutions.

The expertise of our team in regulatory compliance, internal audit, licensing and investment solutions and our understanding of small businesses frees your resources to focus on your core business activities.

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NEWSLETTER

The Application of Payment Services Activities

The first step for payment service providers is to understand the regulatory classification of the payment service(s) they are providing, including to consider whether they may require a license beyond payment services such as a license for dealing in securities. There are 6 different kinds of payment service activities[1] under the Payment Services Act 2019

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2020 Singapore Terrorism Financing National Risk Assessment

On 30 December 2020, the Singapore terrorism financing (TF) national risk assessment (NRA) was published. This report is a joint effort by the Risks and Typologies Inter-Agency Group (RTIG), led by the Ministry of Home Affairs (MHA) and the Monetary Authority of Singapore (MAS) further enhanced by the involvement of the private sector and academia

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Guidelines on Individual Accountability and Conduct

On 10 September 2020, the Monetary Authority of Singapore (“MAS”) published new Guidelines on Individual Accountability and Conduct (“IAC Guidelines”). With these IAC Guidelines, MAS is bolstering culture and conduct in financial institutions similar to initiatives in other jurisdictions such as the United Kingdom, Hong Kong and Australia. The objective of the IAC Guidelines is

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Licencing of Financial Institutions in Singapore

Overview of Financial Businesses Requiring a License in Singapore The provision of financial services in Singapore or targeting of customers in Singapore requires a licence from the Monetary Authority of Singapore (“MAS”). The licence required depends on the specific activity the financial institution is carrying out. The below list of activities focuses on the most

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Our Offering

MAS Regulatory Compliance

Comprehensive support in compliance with MAS regulations.

MAS Licensing Support

Expert assistance for your application for an MAS license.

Internal Audit

Professional, independent, cost-effective internal audit with practical recommendations

Investment Solutions

Off-the-shelf and bespoke support in asset allocation, portfolio construction and risk management.

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