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SUCCESS CASE
How a RegTech Firm Secured Close to S$20K for ISO 27001 Certification
RIC helped a RegTech firm secure EDG support to adopt ISO 27001:2022 and strengthen information security readiness for global expansion.
CATEGORY
Strategy and Consulting
CLIENT TYPE
RegTech / KYC and AML verification
GRANT TYPE
Enterprise Development Grant support
FUNDING SECURED
Close to S$20,000
About the Client and Project
Client Profile
The client is a leading Asia-based RegTech firm offering KYC and AML verification services to global enterprises. Its platform aggregates data from official government registries and integrates compliance tools to support financial institutions, fintechs, and multinational corporations across Asia. With a strong focus on automation, data accuracy, and cross-border compliance, the company plays a critical role in helping clients meet regulatory obligations efficiently.
Project Nature
The project involved implementing ISO 27001:2022 certification to strengthen the client’s information security management framework. The work covered consultancy, audit, certification preparation, risk mitigation planning, cybersecurity goal setting, compliance process improvement, and operational alignment with global information security standards. The project was designed to improve trust with enterprise clients, support regulated market entry, and strengthen the client’s readiness for larger cross-border partnerships.
Funding Objective and Challenge
Funding Objective
The funding objective was to support the client’s standards adoption project under the Enterprise Development Grant. The grant helped defray qualifying consultancy, audit, and certification costs related to ISO 27001:2022 implementation. The project aimed to improve information security governance, reduce operational and cybersecurity risks, strengthen enterprise client confidence, and support market expansion into high-compliance jurisdictions.
The Challenge
The client was a leading Asia-based RegTech firm providing Know Your Customer and Anti-Money Laundering verification services to global enterprises. Its proprietary platform aggregated official government registry data and integrated compliance tools for financial institutions, fintechs, and multinational corporations.
As the company expanded into high-compliance markets such as the EU, US, UAE, and Africa, trust, data privacy, and information security certifications became important prerequisites for enterprise onboarding and partnership discussions. The challenge was to frame ISO 27001:2022 certification as a strategic growth enabler, not just a compliance exercise. The grant case had to show how certification would improve enterprise trust, reduce security risk, support access to regulated markets, and strengthen the company’s internationalisation pathway.
How RIC Supported the Client
RIC supported the client in securing EDG support under the Innovation & Productivity, Standards Adoption category.
RIC’s support included:
• Identifying ISO 27001 as a critical enabler for trust-building in data-sensitive sectors and regulated markets.
• Developing a structured proposal outlining the business case for certification.
• Framing the certification project around international expansion into markets such as Europe, the US, and government-linked client segments.
• Structuring the consultancy roadmap with Pragma Pte Ltd and coordinating with a BSI-accredited certification body.
• Articulating the client’s cybersecurity goals, risk mitigation framework, and operational improvements expected through ISO implementation.
• Mapping 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 Grants Portal process for grant approval and claims submission.
RIC’s role was to help the client connect ISO 27001 adoption to business growth, enterprise readiness, and international market access.
Outcome
FUNDING SECURED
Close to S$20,000
The client secured close to S$20,000 in EDG funding, representing up to 50% support for consultancy, audit, and certification costs related to ISO 27001:2022 implementation.
The company successfully obtained ISO 27001:2022 certification, demonstrating compliance with global information security management standards. The certification enabled entry into high-value and regulated markets such as the EU, US, and Middle East, strengthened credibility with prospective clients including Trulioo, Moody’s, LSEG, ALIPAY Merchant Services, and TransUnion, reduced internal security incidents, streamlined compliance processes, enhanced operational productivity, shortened sales cycles, opened new partnership pipelines, and supported enterprise deal conversions.
What This Means for Similar Companies
For RegTech, fintech, SaaS, and data-driven companies, standards adoption can be a direct market access tool. ISO 27001 is not only a compliance badge. For companies handling sensitive customer, financial, or identity data, it can shorten enterprise sales cycles, improve credibility, unlock regulated sectors, and support overseas expansion. This case shows how EDG support can help companies turn certification into a strategic growth project when the business case connects security, trust, compliance, and market entry.
