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MAS TRM Compliance for Third-Party Risk Management

Automated ICT service provider assessments, Material Service Provider tracking, and continuous monitoring for Singapore financial institutions.

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MAS TRM Guidelines Compliance with ComplyScore®

The Monetary Authority of Singapore Technology Risk Management (TRM) Guidelines require financial institutions to conduct due diligence on technology service providers, designate Material Service Providers (MSPs), and maintain ongoing oversight throughout outsourcing relationships.

ComplyScore® automates ICT service provider risk assessments aligned to MAS TRM requirements, tracks MSP designations triggering Board notification obligations, and generates audit-ready documentation proving systematic third-party technology risk management.

How ComplyScore® Accelerates MAS TRM Compliance

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Section 5.1: Technology Service Provider Risk Assessment

MAS TRM Guidelines require financial institutions to assess technology risks before engaging service providers and throughout the outsourcing lifecycle.

  • Automated ICT service provider assessments evaluating security, operational resilience, and business continuity
  • Risk-based classification identifying Material Service Providers per MAS criteria
  • Pre-engagement due diligence documentation proving systematic risk evaluation
  • Complete audit trails for MAS inspections demonstrating ongoing oversight
MAS TRM (Singapore)

Section 5.2: Material Service Provider Management

MAS requires Board notification and enhanced oversight when engaging Material Service Providers whose failure could materially impact business operations.

  • Automated MSP designation tracking based on criticality and dependency assessment
  • Board approval workflows routing MSP arrangements for notification
  • MSP register maintenance with automated updates for regulatory reporting
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Continuous Monitoring and Concentration Risk

MAS TRM Guidelines mandate ongoing monitoring of service provider performance and concentration risk management across technology dependencies.

  • Real-time ICT service provider incident alerts and performance tracking
  • Concentration risk analysis identifying dependencies on single providers
  • Geographic and service-type concentration monitoring across technology vendor portfolio
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Audit-Ready Documentation

MAS inspections require evidence proving systematic technology service provider oversight and Board-level governance.

  • Centralized evidence repository linking assessments to MAS TRM requirements
  • Complete audit trails documenting due diligence, Board notifications, and monitoring activities
  • One-click compliance packs for MAS regulatory examinations

Built for MAS and Regional Financial Regulations

ComplyScore® integrates with your GRC stack and supports multiple APAC regulatory frameworks simultaneously.


Every ICT service provider assessment includes complete audit trails with timestamps, Board approval documentation, and MSP designation evidence. Support for MAS TRM, RBI Outsourcing Guidelines, BSP Circular 808, and other regional standards means one platform handles multi-jurisdiction financial compliance.

Connects across your GRC and ISMS tools

 

  • GRC Platforms: ServiceNow, Archer, LogicGate

  • Risk Intelligence: SecurityScorecard, RiskRecon for ICT service provider security monitoring

  • AML Tools: Integration with sanctions screening and financial crime compliance tools

Results Organizations Achieve with ComplyScore

Project-completed

4-6X

faster ISO 27001 readiness

Project-completed

90%+

supplier coverage

Project-completed

40%

Less audit
prep

Project-completed

Continuous

compliance maintenance