Helping FinTech to Meet Compliance to Singapore and Hong Kong Risk Regulations
Bambu is a Robo-advisory solution provider offering financial and consumer brands the ability to integrate and benefit from the ongoing digital transformation in wealth management. Bambu markets its services worldwide, capitalising on our traction to tap the growing market.
The company is headquartered in Singapore by industry experts Ned Phillips and Aki Ranin, with subsidiaries in Hong Kong and the United Kingdom.
Due to local regulations requirements from where it operated, Bambu needed help in ensuring their processes meet compliance requirements. There are also concerns over security from different stakeholders that require them to ensure their platform is robust and resilient against cyber threats.
Pragma worked with Bambu to perform compliance assessments against technology risk management regulations and full technology testing assertation for the platforms. We distilled the regulatory requirements to ensure only the requirements required for non-financial entities had to be conformed to.
We performed both onsite and offsite assessments of the platform and Bambu’s operations procedures. The assessment process enables Bambu to mitigate control deficiencies on their infrastructure architecture and policies and procedures, and helped them build a robust Robo Advisory Platform which is compliant with Hong Kong Monetary Authority Technology Risk regulations and Monetary Authority of Singapore Technology Risk Management guidelines.
Our recommendations and final assessment enabled Bambu to show compliance with the regulations in Hong Kong and Singapore. Meeting compliance also helped them secure funding and multiple clients.
Bambu understands the risks of their publicly accessible infrastructure, and our support helped them to mitigate many of these risks through our deep knowledge of technology, regulations recommendations and solutions.
Bambu's platform is now compliant with local regulatory requirements.
With a secure platform, Bambu is able to secure funding and multiple clients.
Control deficiencies on their infrastructure architecture are mitigated, creating a resilient platform.
“The service, the clarity of understanding of the regulation and recommendations improved our platform.”
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Trusted Cybersecurity Partner
Pragma is a CREST approved global provider of cybersecurity solutions. We help organisations strengthen cyber resilience and safeguard valuable information assets with a pragmatic approach.
Currently, Pragma is the trusted partner of some of the world's most successful organisations across a wide range of industries, including 4 of Forbes Most Valuable Brands, 3 of Singapore's Hottest Fintechs, the Best Global Crypto Exchange and 10 of the Top 100 Insurance Companies.
Headquartered in Asia and Europe, and with regional offices around the world, we provide Cyber and Regulatory Consultancy, Incident Response, Cloud Security and Security Testing services.
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We understand that no one business is identical. Our solutions are bespoke and aim to empower your business with the right tools and technology to grow.
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The team dedicated to you has deep cybersecurity knowledge and experience across financial services, technology, media, telecommunication and government agencies.
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