Fintech Companies in Singapore: Buyer's Guide (2026)

What engaging a fintech partner gives you: regulated access to the payment system, and compliance machinery you could never build. And what it quietly takes back: your customers' stored payment credentials, your settlement timing, and the ability to change your mind.

A fintech company in Singapore sells regulated or regulation-adjacent financial capability to other businesses: payments and gateways, regulatory technology for know-your-customer and anti-money-laundering work, wealth and advisory platforms, insurance technology, and lending or embedded-finance infrastructure, delivered to organisations in Singapore.

This is the only category in this directory where your supplier's regulatory status is a live question rather than a hygiene check. Regulated payment activity falls under the Payment Services Act, with licence classes tied to the activities performed and the volumes handled, and a vendor may hold its own licence, operate under another institution's, or sit inside a regulatory sandbox. None of those is disqualifying. All of them mean something different if things go wrong, and MAS publishes a directory you can check yourself rather than trusting a badge on a website.

The trade is genuinely compelling. You get regulated access to the payment system, compliance machinery that would take years to build, and connection to national infrastructure not available to you directly. What you give up is control over your own money flow: when funds settle, what they cost after spreads, how disputes are handled, and, most consequentially of all, where your customers' stored payment credentials live.

The list below groups fintech companies with a recorded Singapore-presence signal. It is unranked: ordered by profile signal score, then company name, with inclusion reflecting recorded profile signals rather than endorsement. The buyer's guide beneath it names no providers, because the argument it makes applies to all of them. What a fintech partner is genuinely worth, what it costs you later, and what to verify before you route a single dollar through them.

Notable fintech providers

Unranked — ordered by profile signal score, then company name. Inclusion reflects a recorded Singapore-presence signal, not endorsement.

Listing order reflects recorded profile signals and is not affected by payment. Sponsored placements, if any, are labelled separately and never reorder this list.

  • Sivren Pte. Ltd.

    Sivren Pte. Ltd. provides financial software solutions and a SaaS lending platform for lending institutions. The company offers solutions for consumer lending, commercial lending, microfinance lending, debt collection, BNPL, leasing, and factoring.

    Profile signal score 35/100
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  • Zavior

    AI-powered cyber security and compliance platform for Singapore schools, startups, businesses, and fintech companies.

    Profile signal score 32/100
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  • Bytesforce

    Bytesforce is a Singapore-based insurance-technology company that develops InsurerMate, an API-and-AI-native platform built for insurers and managing general agents (MGAs).

    Profile signal score 26/100
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  • Heritance

    Heritance is a Singapore-based fintech company focused on estate planning and wealth inheritance, offering a family app that helps users prepare for meaningful wealth transfer.

    Profile signal score 26/100
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  • Quotech

    Quotech is an insurance technology company founded in 2020 by Guillaume Bonnissent, a former chief underwriting officer at a London-market managing general agent, with a Singapore entity registered in 2021.

    Profile signal score 26/100
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  • WRISE

    WRISE is a Singapore-headquartered financial services group serving high-net-worth and ultra-high-net-worth clients across Asia. Its Singapore operating entity, WRISE Wealth Management (Singapore) Pte.

    Profile signal score 26/100
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  • ADDX

    Explore private markets and alternative investments. Invest in structured products, private equity, hedge funds, and more, with lower minimums and transparent fees.

    Profile signal score 23/100
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  • Aleta Planet

    Founded in 2014, Aleta Planet is a Singapore-headquartered global payments solution provider that simplifies online, cross-border, and remittance services for businesses.

    Profile signal score 23/100
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  • Alpha Ladder Finance

    Alpha Ladder Finance (ALFin), formerly known as Metaverse Green Exchange, is a regulated Singapore-based financial institution at the forefront of digital and traditional capital markets innovation.

    Profile signal score 23/100
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  • APIX Platform

    APIX Platform provides an Innovation Platform as a Service, enabling financial institutions, regulators, and enterprises to accelerate their innovation journey.

    Profile signal score 23/100
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  • Aquariux

    Aquariux provides white-label fintech solutions for trading to financial institutions, brokerages, and enterprises globally. The company offers secure, scalable, and customizable trading solutions, including a multi-asset, API-driven platform.

    Profile signal score 23/100
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  • Bitfia Labs Pte Ltd

    Bitfia Labs is a Singapore-headquartered fintech infrastructure provider specializing in global enterprise payments. The company bridges traditional banking with blockchain technology to facilitate borderless, instant, and compliant B2B commerce.

    Profile signal score 23/100
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  • Boleh Capital

    Boleh Ventures is a Singapore-headquartered investment platform that manages capital through a series of investment vehicles and funds focused on early- and growth-stage opportunities.

    Profile signal score 23/100
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  • Brdgepay

    Brdgx is a fintech company that provides a business-to-business (B2B) digital treasury platform. The company enables local-currency international transactions in Greater China and Southeast Asia, offering localized payment coverage and efficiency for corporations.

    Profile signal score 23/100
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  • Cleanverse International

    Cleanverse offers a compliance-driven infrastructure for trusted Web3 payments, ensuring verified identities and regulated stablecoins for traceable transactions.

    Profile signal score 23/100
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  • Cloudpay Asia

    CloudPay Asia is the regional delivery hub of CloudPay, a global managed payroll and pay experience provider, operating from Singapore Land Tower.

    Profile signal score 23/100
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  • Cynopsis Solutions

    Cynopsis Solutions is a RegTech100 company that focuses on anti-money laundering and counter terrorism financing SaaS products.

    Profile signal score 23/100
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  • Debia

    Debia provides multi-currency payment solutions for retailers and SMEs in Singapore and Malaysia. The company's platform enables businesses to accept major payments, including Visa, Mastercard, Alipay, UnionPay, and over 30 other wallets and currencies.

    Profile signal score 23/100
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  • DigiAlly

    DigiAlly is a fintech company that provides an AI-powered Trust Score for SMEs, aiming to transform SME finance with its Embedded Finance platform for credit solutions.

    Profile signal score 23/100
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  • ELEPHANTS GLOBAL

    Elephants Inc. is a smart spend management platform for SMEs offering corporate cards, real-time spend visibility, and finance automation. Built for businesses that move the world. From day one to scaling across borders, Elephants gives you clarity and control.

    Profile signal score 23/100
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  • EMURGO Group

    EMURGO provides blockchain products and services for builders and organizations to adopt and build on the Cardano blockchain. EMURGO is a founding entity of the Cardano blockchain and provides products & services to drive the adoption of Cardano.

    Profile signal score 23/100
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  • Ethereum Tech Singapore

    Ethereum Tech Singapore Pte Ltd is a Singapore-based company incorporated on March 22, 2018. The company's primary business activity is operating an online marketplace for computer and fintech products.

    Profile signal score 23/100
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  • Finchat Technology

    Finchat Technology provides compliance monitoring, chat archival, and chatbots for popular messaging applications in regulated enterprises.

    Profile signal score 23/100
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  • FinGenesis

    FinGenesis is a Singapore-based company founded in 2019, operating as a Generative AI platform. The company is dedicated to advancing research and development of deep learning and generative AI applications specifically within financial markets.

    Profile signal score 23/100
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  • FinSurge

    FinSurge is a fintech company that provides enterprise financial technology solutions. The company focuses on AI-driven financial systems, digital banking innovation, and secure, scalable fintech platforms.

    Profile signal score 23/100
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  • Finwin Technologies

    Finwin Technologies is a global provider of digital platform engineering and software development solutions, with a Singapore branch established in 2015.

    Profile signal score 23/100
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  • First Rate SG

    First Rate is a company that provides WealthTech solutions, with over 30 years of experience in the industry. The company focuses on serving its customers, coworkers, and communities.

    Profile signal score 23/100
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  • Flywire

    Flywire (Singapore) Pte. Ltd. is the Singapore entity of Flywire Corporation, a global payments-enablement and software company.

    Profile signal score 23/100
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  • Fomo Pay

    Founded in 2015, FOMO Group is a fintech group based in Singapore, offering one-stop digital payment, digital banking, and digital asset solutions, bridging Web 2.0 and Web 3.0 ecosystems. FOMO Group owns three licensed financial institutions: FOMO Pay, CapBridge, and 1exchange.

    Profile signal score 23/100
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  • Fundsview Global

    Fundsview Global is a technology provider in the funds space, operating a Platform-as-a-Service (PaaS) known as the Fundsview Global Platform. The company focuses on being an investor relations-centric platform, offering an "investor-relation-as-a-service" (IRAAS) model.

    Profile signal score 23/100
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  • Hako Technology

    Hako Technology operates Coinhako, one of Singapore's most established digital assets exchanges, founded in 2014.

    Profile signal score 23/100
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  • iBind Systems

    iBind Systems develops financial-technology software for corporate and commercial banking.

    Profile signal score 23/100
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  • Kiros Technology

    Kiros is a Singapore-based WealthTech and RegTech platform that equips independent financial advisers with AI-driven compliance and workflow automation tools.

    Profile signal score 23/100
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  • Minesec

    Minesec provides mobile payment solutions, enabling effortless transactions and a seamless digital economy. The company offers its MineSec SoftPOS technology to acquirers, payment service providers, banks, financial institutions, merchants, and independent software vendors.

    Profile signal score 23/100
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  • NewGens

    NewGens is a Singapore-based fintech company specializing in secure payments and financial messaging for banks and financial institutions, with over 25 years of experience.

    Profile signal score 23/100
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  • Optimai

    Optimai, headquartered in Singapore, is a Financial Technology specialist focused on building the next generation platform to make investments Selected for the Monetary Authority of Singapore (MAS) Industry Pilot Programme (2024 - 2025), this investment management platform…

    Profile signal score 23/100
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  • Option Gift

    UNIQGIFT offers programmable money solutions for food (meal vouchers), incentive (gift cards, employee engagement), assistance (cost of living FAQ Where to Redeem your eGift Card Order Help FAQ Where to Redeem your eGift Card!

    Profile signal score 23/100
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  • Pinely Markets

    Pinely is a privately owned and funded algorithmic trading firm that specializes in high-frequency trading (HFT). The company develops and utilizes in-house research and technology to trade on global financial markets.

    Profile signal score 23/100
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  • R2D CREDIT

    R2D Credit is a licensed money lender in Singapore, established in 2009. The company offers various loan types, including personal, wedding, debt consolidation, study, payday, medical, business, renovation, Grab/Gojek, and bridging loans.

    Profile signal score 23/100
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  • Roots Innovation

    Roots Innovation is a Singapore-based fintech company that provides data processing and modeling solutions. Its Synstream platform integrates data from mainframe systems and supports both cloud and on-premise deployment, offering built-in monitoring for data flow bottlenecks.

    Profile signal score 23/100
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  • Sentience Solutions

    Sentience Solutions is a Singapore-based fintech focused on banking infrastructure software. The company provides a comprehensive suite of solutions tailored to enhance financial operations, including transaction processing, core banking workflows, and back-office automation.

    Profile signal score 23/100
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  • Shlenpower

    ShlenPower is a Dubai-based technology holding group that builds and operates companies across Web3, AI, fintech, SocialFi, and digital infrastructure.

    Profile signal score 23/100
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  • TOTM LABS

    TOTM Labs co-builds AI-enabled Web3 ventures, aiming to unlock value through a user-centric ecosystem based on trust, security, and stable value exchange.

    Profile signal score 23/100
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  • TrustPlus AI

    TrustPlus AI offers an AI-powered platform designed to transform enterprise credit risk management. The platform accelerates the underwriting process and enhances decision-making, boosting productivity and upskilling junior professionals.

    Profile signal score 23/100
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  • Unison Group

    Unison Consulting was launched in Singapore on September 2012, the hub of the financial industry, with innovative visions in the technocratic arena.

    Profile signal score 23/100
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  • ViewBase

    ViewBase provides blockchain analytics for crytocurrency traders. ViewBase Its public website highlights: Aggregated, clean and actionable data for digital asset markets across exchanges, assets and instruments.

    Profile signal score 23/100
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  • WCDC

    Profile signal score 23/100
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  • WK CONSULTS

    WK Consults Pte Ltd, established in 2013, is a digital marketing agency based in Singapore.

    Profile signal score 23/100
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  • Wow Finstack

    Wow Finstack provides a complete and modular enterprise-grade technology stack for banks, fintechs, and SMEs. The company's on-demand platform is scalable and modular, allowing financial institutions to select products that best serve their customers.

    Profile signal score 23/100
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  • Yalamanchili - Payments and Cards

    Yalamanchili, also known as YSP (Yalamanchili Solutions for Payments), is a global technology solutions provider specializing in Payments and Cards. Established in India in 1996, the company is headquartered in Singapore with branches in India, the United Kingdom, USA, and UAE.

    Profile signal score 23/100
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  • AMTD

    AMTD Digital is a Singapore-headquartered digital solutions platform offering services across multiple verticals. These include digital financial services, digital media, content, and marketing, as well as investments.

    Profile signal score 3/100
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  • BingX

    BingX is a global cryptocurrency exchange and social trading platform, founded in 2018. It offers spot, derivatives, copy, and grid trading services, allowing users to trade over 1,000 cryptocurrencies.

    Profile signal score 3/100
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  • Bitlayer

    Bitlayer Labs is a web3 infrastructure company, founded in 2023, building Bitlayer, the first Bitcoin Layer-2 network based on the BitVM paradigm.

    Profile signal score 3/100
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  • Brankas

    Brankas is an Open Finance technology provider offering API-based solutions, data, and payment solutions for financial service providers.

    Profile signal score 3/100
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  • Cake

    Cake Group, founded in Singapore on June 7, 2019, is a fintech company that provides transparent cashflow services from digital currencies.

    Profile signal score 3/100
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  • DeFinity

    DeFinity Markets is an institutional ECN (Electronic Communication Network) for digital assets and FX trading. The company offers access to liquidity across major digital assets, including stablecoins, and supports deliverable T+0 FX across 38 base currencies.

    Profile signal score 3/100
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  • Fynxt

    Fynxt is a Singapore-based fintech company that provides a low-code, modular Digital Front Office platform for multi-asset brokers and financial institutions.

    Profile signal score 3/100
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  • Rivo

    Rivo is an AI-powered DeFi platform that provides access to over 60 curated yield strategies. The platform enables users to invest with one click and track their investments, offering detailed descriptions, video tutorials, and safety scores for each strategy.

    Profile signal score 3/100
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  • Safeheron

    Safeheron, founded in Singapore in 2021, offers enterprise-grade digital asset self-custody services and MPC privatization solutions.

    Profile signal score 3/100
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  • Validus

    Validus is a Singapore-headquartered fintech company established in 2015, focusing on providing financing solutions to small and medium enterprises (SMEs) across Southeast Asia.

    Profile signal score 3/100
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How to choose a fintech company in Singapore in 2026: the advantages, the pain points, and the checks

What you are actually buying

You are buying a licensed intermediary and inserting them into the most sensitive process your business has. Money arriving, money leaving, and the record of both. Everything that makes this category attractive, the regulated access, the compliance infrastructure, the rails, follows from the fact that they can do something you legally cannot, and everything that makes it dangerous follows from the same sentence.

The dependency people fail to price is not the integration. It is the vault. When a customer stores a card with you, the card number is held by your payment provider and you hold a token, which is exactly the right architecture and dramatically reduces your compliance burden. It also means your customers' stored payment credentials are an asset sitting inside somebody else's system. If those tokens cannot be migrated to another provider, then switching means asking every customer to enter their card again, and the proportion who never will is the proportion of your recurring revenue you would be choosing to destroy.

That is the real lock-in in payments, and it is why a provider can afford to be relaxed about pricing at renewal. Ask about vault portability before you integrate, while the answer is still a commercial question rather than an existential one.

The advantages that justify a fintech partner

  • Regulated access you cannot obtain yourself. Holding a payments licence is a serious undertaking with capital, compliance, audit, and reporting obligations attached. Renting access to somebody else's is not a compromise; it is the correct decision for essentially every business that is not itself a financial institution.
  • Compliance machinery that would take years to build. Know-your-customer checks, sanctions and politically-exposed-person screening, transaction monitoring, and the reporting behind them are a substantial ongoing operation. A regtech partner sells a capability that is genuinely hard to construct and harder to keep current.
  • Native connection to local rails. Proxy-addressed transfers, unified QR acceptance, and near-real-time interbank settlement are what customers in Singapore actually expect. A provider genuinely integrated into that infrastructure delivers an experience a card-only flow cannot match.
  • Dramatically reduced compliance scope. Letting the provider hold the card data keeps you out of the most burdensome parts of card-industry compliance. This is one of the clearest examples anywhere of a dependency worth accepting deliberately.
  • Fraud and risk tooling trained on volume you do not have. A provider sees patterns across thousands of merchants. You see yours. In fraud, as in security, the population you can observe determines what you can detect.
  • Embedded finance without becoming a lender. Offering payment terms, insurance, or credit inside your product, on somebody else's balance sheet and licence, is now genuinely accessible, and for the right business model it is transformative.
  • Faster to market than any alternative. Building payment capability yourself is a multi-year regulatory programme. Integrating is a sprint. For almost everyone, that comparison ends the discussion.

The pain points buyers consistently underestimate

  • The licence may not be theirs. A vendor may hold its own Payment Services Act licence, white-label another institution's, or operate under a sandbox arrangement. Each is a different position if the vendor fails, is sanctioned, or loses its permission, and the difference is invisible in a sales deck. Check the MAS Financial Institutions Directory yourself, and understand exactly whose permission you are relying on.
  • A sandbox is not a licence. Operating inside a regulatory sandbox means a firm is testing under supervision with specified limits, which is legitimate and useful. It is not the same as being licensed, and building a critical dependency on a firm whose permission is provisional is a risk that deserves to be a decision rather than an oversight.
  • The card vault is the lock-in, and it is not in the contract. Stored payment credentials live with your provider. If the tokens cannot be migrated, switching means re-collecting every customer's card, and a meaningful share simply never will. Establish portability before you integrate, not when you want to leave.
  • The headline rate is not the price. The real economics are the transaction fee plus the fixed component, plus the foreign-exchange spread, plus settlement timing, plus chargeback and dispute costs, plus platform fees. A better headline rate with a worse spread is a worse deal, and the spread is where a great deal of margin quietly lives.
  • Settlement timing is working capital, and it is theirs until it is yours. How long funds are held before they reach you is a financing decision made on your behalf. Days of float across meaningful volume is real money, and it is rarely negotiated because it is rarely noticed.
  • Chargebacks and disputes are operational work you will inherit. Somebody has to gather evidence, respond within deadlines, and absorb the losses. Establish exactly who does what, and what it costs, before the first dispute rather than during it.
  • Reconciliation is the unglamorous work that breaks finance teams. Matching what the provider says happened against what your system says happened, across settlements, refunds, fees, and currencies, is a genuine operational burden, and it is almost never scoped into the integration project.
  • You remain accountable for the customer data. Under the PDPA, personal and financial data processed on your behalf is still your responsibility. Purpose limitation, sub-processor controls, overseas-transfer protections, and breach notification belong in the contract, and the obligation to your customer does not move.
  • Regulatory obligations flow downhill to you. If your customers are regulated financial institutions, their supervisory expectations become questions you must answer about your own vendors. The chain of accountability does not stop at your procurement department.

What changed in 2026

The instruments moved, and a stale citation is now a competence signal. MAS cancelled Notice 644 on technology risk management and Notice 655 on cyber hygiene with effect from 10 May 2024, migrating the requirements into notices issued under the Financial Services and Markets Act 2022. The obligations did not disappear; the instrument changed, and which notice binds a firm now depends on its licence class. Confirm the applicable notice with MAS rather than a sales deck. And treat a vendor still selling "Notice 655 compliance" in 2026 as having told you something useful, because they are quoting an instrument cancelled two years ago.

AI governance arrived in the financial sector, and it reaches vendors. MAS issued proposed Guidelines on Artificial Intelligence Risk Management in November 2025, which remained in consultation rather than final at the time of writing, so confirm the current position with MAS. As drafted, they expect financial institutions to govern AI across its lifecycle, assess how material each use case is, and apply controls to third-party AI arrangements. If your fintech partner uses AI in credit decisioning, fraud scoring, onboarding, or monitoring, and you sell to regulated buyers, their governance becomes part of your evidence pack.

Regtech stopped being a checkbox and became a supervised process. Screening, monitoring, and onboarding tools are increasingly expected to be explainable, testable, and auditable rather than merely present. A vendor who cannot show how a decision was reached, what the false-positive rate is, and how the model is reviewed is selling you a compliance risk with a compliance label on it.

Local rails keep pulling expectations away from card-first thinking. Proxy-addressed transfers and unified QR acceptance are simply what customers in Singapore expect, and the claim to support them continues to mean anything from full proxy resolution to a static image printed on a card. Confirm what is actually integrated, with settlement timing and reconciliation spelled out, because the phrase covers a very wide range of realities.

The diligence that actually separates providers

  • Check the licence yourself, on the MAS directory. Establish whether the vendor holds its own Payment Services Act licence, operates under another institution's, or sits in a sandbox, and understand precisely whose permission your business is relying on. It takes minutes, and it is the most important minute in the process.
  • Ask about card-vault portability before you integrate. Whether stored payment credentials can be migrated to another provider, in what form, and at what cost. If the answer is no, you are making a permanent decision, and you should make it knowingly.
  • Get the full unit economics in writing. Percentage and fixed transaction fees, foreign-exchange spread, settlement timing, chargeback and dispute costs, platform and gateway fees, and refunds. Then model them against your actual transaction mix rather than against a headline rate.
  • Confirm what native support for local rails actually means. Proxy resolution, QR acceptance, real-time settlement, reconciliation output, and dispute handling, specified concretely rather than claimed generally.
  • Scope the reconciliation work before you sign, not after go-live. What the provider gives your finance team, in what format, how refunds and fees appear, and who fixes a mismatch. This is where integration projects quietly overrun.
  • Verify security assurance against the current instruments. Ask for the actual audit, the auditor, and the date, and ask how controls map to the notice that binds your licence class today rather than to a cancelled one.
  • Interrogate AI use in anything that makes a decision about a person. Credit, fraud, onboarding, and monitoring. Explainability, testing, false-positive rates, human review, and the governance evidence a regulated buyer will demand of you.
  • Verify the Singapore presence and demand references in your sub-type. Match the registered name and UEN against ACRA. Then get references specifically in payments, regtech, wealthtech, insurtech, or lending, because strength in card acquiring implies nothing about competence in transaction monitoring.

Red flags worth walking away from

  • Vagueness about whose licence the service actually operates under.
  • A sandbox arrangement presented as though it were a licence.
  • No clear answer on whether stored payment credentials can be migrated out.
  • A headline rate quoted with the foreign-exchange spread left unmentioned.
  • Settlement timing described as standard, without a number.
  • Local-rail support claimed with no detail on proxy resolution, settlement, or reconciliation.
  • Marketing that still cites MAS Notice 644 or 655, cancelled in 2024.
  • AI used in credit or fraud decisions with no explainability or review process.

When a fintech partner is the wrong answer

Use a licensed partner for essentially all regulated financial capability. Obtaining your own licence is a multi-year programme with capital and compliance obligations that only make sense if being a financial institution is your actual business. For everyone else, renting regulated access is not merely the pragmatic answer, it is the correct one.

Think much harder about how many of them you use, because each holds a different piece of your money flow and the reconciliation burden compounds with every one. Think harder again before building a critical dependency on a firm whose permission is provisional, or whose licence belongs to somebody else, since your recourse if it is withdrawn is not what you assume it to be. And be most careful of the vault. Every other integration in this category can be replaced with an engineering project. The one holding your customers' stored payment credentials cannot, and if you have not established that those tokens can leave, you have not chosen a payment provider. You have married one.

Frequently asked questions

How do I check a fintech vendor's MAS licence?

Look it up yourself on the MAS Financial Institutions Directory rather than trusting a logo. Establish whether they hold their own Payment Services Act licence, operate under another institution's, or sit in a regulatory sandbox. Those are three different positions if something goes wrong.

Is a regulatory sandbox the same as being licensed?

No. A sandbox means a firm is testing under supervision with specified limits, which is legitimate and useful. It is not a licence, and building a critical dependency on a firm whose permission is provisional should be a deliberate decision rather than an oversight.

What is the real lock-in with a payment provider?

The card vault. Your customers' stored payment credentials live with the provider and you hold tokens. If those tokens cannot be migrated, switching means asking every customer to re-enter their card, and many never will. Establish portability before you integrate, not when you want to leave.

Why is the headline transaction rate misleading?

Because the economics are the percentage and fixed fee, plus the foreign-exchange spread, plus settlement timing, plus chargeback handling, plus platform fees. A better headline rate with a worse spread is a worse deal, and the spread is where a great deal of margin quietly lives.

Do MAS Notices 644 and 655 still apply?

No. MAS cancelled both with effect from 10 May 2024 and migrated the requirements into notices under the Financial Services and Markets Act 2022, with the applicable notice depending on licence class. Confirm yours with MAS, and treat a vendor still selling "Notice 655 compliance" as quoting a cancelled instrument.

Does MAS regulate AI used by fintech vendors?

MAS issued proposed Guidelines on AI Risk Management in November 2025, in consultation rather than final, so confirm the current position. As drafted they expect lifecycle governance, materiality assessment, and controls over third-party AI arrangements, which flow down to vendors selling into regulated buyers.

What should I ask about settlement and reconciliation?

How long funds are held before they reach you, in a number rather than a word, and what your finance team receives to match settlements, refunds, fees, and currencies against your own records. Float is working capital, and reconciliation is where integration projects quietly overrun.

Sources and official references

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