The Client |
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This client is a leading Asia-based RegTech firm offering Know Your Customer (KYC) and Anti-Money Laundering (AML) verification services to global enterprises. Its proprietary platform aggregates data from official government registries and integrates advanced compliance tools, serving financial institutions, fintechs, and multinational corporations across Asia. With a strong focus on automation, data accuracy, and cross-border compliance capabilities, the company plays a critical role in helping clients meet regulatory obligations efficiently. As part of its growth strategy, the company is expanding into high-compliance markets such as the EU, US, UAE, and Africa—markets where trust, data privacy, and information security certifications are key prerequisites for customer onboarding and enterprise partnerships
How RIC Helped |
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Grant Secured:
RIC supported the client in securing the Enterprise Development Grant (EDG) under the Innovation & Productivity – Standards Adoption category. The project was awarded close to S$20,000 in grant funding, representing up to 50% support for consultancy, audit, and certification costs related to the ISO 27001:2022 implementation.
Scope of RIC’s Consulting and Advisory Services:
RIC worked closely with the client to define the project scope and substantiate its relevance for business growth and internationalisation. Our work involved:
RIC supported the client in securing the Enterprise Development Grant (EDG) under the Innovation & Productivity – Standards Adoption category. The project was awarded close to S$20,000 in grant funding, representing up to 50% support for consultancy, audit, and certification costs related to the ISO 27001:2022 implementation.
Scope of RIC’s Consulting and Advisory Services:
RIC worked closely with the client to define the project scope and substantiate its relevance for business growth and internationalisation. Our work involved:
- Identifying ISO 27001 as a critical enabler for trust-building in data-sensitive sectors and market segments targeted for expansion (e.g., Europe, US, and government clients).
- Developing a structured proposal outlining the business case for certification, the consulting roadmap with Pragma Pte Ltd, and coordination with a BSI-accredited certification body.
- Articulating the company’s cybersecurity goals, risk mitigation framework, and operational improvements expected through ISO implementation.
- Mapping the business impact in terms of access to regulated markets, enhanced client trust, reduced risk of security breaches, and improved eligibility for enterprise and government contracts.
- Supporting the company through the Business Grant Portal process for successful grant approval and claims submission.
Outcomes |
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- Successfully obtained ISO 27001:2022 certification, demonstrating compliance with global information security management standards.
- Enabled entry into high-value and regulated markets like the EU, US, and Middle East by meeting enterprise-level data security expectations.
- Strengthened credibility with prospective clients such as Trulioo, Moody’s, LSEG, ALIPAY Merchant Services, and TransUnion.
- Reduced internal security incidents, streamlined compliance processes, and enhanced operational productivity through structured ISMS adoption.
- Created a competitive advantage that has shortened sales cycles, opened new partnership pipelines, and facilitated enterprise deal conversions.
Throughout this engagement, RIC worked hand-in-hand with the client, ensuring the project was not only strategically sound and grant-fundable, but also impactful in execution. Our deep understanding of both the ISO certification process and the RegTech business environment allowed us to successfully scope a project that would serve as a launchpad for international growth.
This case underscores RIC’s ability to support tech firms on their compliance and market expansion journey, from strategic planning to grant success and operational rollout.