Scila AB, a Stockholm-based independent provider of business surveillance, anti-money laundering and risk management technologies, today announced the official opening of a regional office in Singapore. According to the statement, the firm is seeking to cover the Asia-Pacific region with the maneuver.
“I am delighted to be on site in Singapore and to start our regional office. We have a strong value proposition and can offer regional customers modern technology to detect market abuse, prevent money laundering and manage risk, ”commented Erik Holm, newly appointed Asia Pacific Sales Manager at Scila .
The company has been working with clients in the region since 2009, covering a wide range of clients in the country. With the new office, Scila will offer support to existing customers, as well as sales and business development activities. “Scila has supported regional clients for over 12 years and has a growing customer base in Singapore and other key financial centers in Asia. The choice of Singapore as a regional hub is due to the excellent business environment, strong regulatory framework and advanced financial infrastructure. We look forward to meeting clients in the region, ”said Lars-Ivar Sellberg, Executive Chairman and one of Scila’s co-founders.
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Rebranding of BearingPoint RegTech
In other RegTech-related announcements, BearingPoint RegTech, one of the world’s leading RegTech companies, announced its rebranding to Regnology in October. Earlier this year, the company took a significant step forward by partnering with Vizor Software. The recent rebranding marks the independence of the BearingPoint group, which sold the RegTech business to Nordic Capital at the end of 2020.
Regnology offers innovative technological solutions for regulation, risk and supervision. The company connects financial institutions with regulators in an efficient and innovative way. Regnology has experienced significant growth in recent years due to increased demand for its RegTech offering. The company has a total workforce of over 770 employees in 17 different offices in 12 countries.
