Singapore, 21 July, 2020 – RegTech startup Apiax has been awarded the FSTI Proof-of-Concept grant by the Monetary Authority of Singapore (MAS).

Apiax was awarded the MAS Financial Sector Technology and Innovation (FSTI) Proof-of-Concept (PoC) grant on 16th June, 2020. The FSTI Proof-of-Concept grant provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector.

Philip Schoch, co-founder of Apiax, said: “We are proud to be granted funding support from such an important organisation as the Monetary Authority of Singapore. Our hard work and dedication to pushing the boundaries of technology in compliance is getting recognised, and this FSTI PoC grant allows us to take our product development even further.”

Founded in 2017, Apiax’s award-winning technology provides easy access to compliance knowledge. It enables companies in an increasingly regulated economy to stay focused on their core business objectives: delivering high value and unique experiences to their customers. Apiax has offices in Zurich, Lisbon and London and the team is made up of lawyers, technology and product experts.