Most financial services firms in Singapore evaluate 2 to 4 IT providers before making a decision, but many struggle to compare them effectively. Unlike buying hardware or software, IT services are not standardised. Two firms may offer similar-sounding services, but deliver very different outcomes in terms of security, reliability, and risk management. For firms with 20 to 80 employees, the decision is less about choosing a vendor, and more about selecting an IT partner - one

MAS TRM (Technology Risk Management Guidelines) is a framework issued by the Monetary Authority of Singapore that sets out principles and best practices for how financial institutions should govern and manage technology and cyber risk. Fintechs and investment firms in Singapore are not always legally required to follow the Technology Risk Management (TRM) Guidelines issued by MAS (Monetary Authority of Singapore) - but in practice, many are expected to align with them. The

The global cost of a data breach last year was USD $4.45 million. This is an increase of 15% over three years. As we step into 2024, it’s...