FAQ >
Do fintech companies need MAS, BNM, or BSP approval for their HR software?
Question
Do fintech companies need MAS, BNM, or BSP approval for their HR software?
Answer
No. These regulators govern the fintech's financial products and services, not its internal HR technology stack directly. That said, many fintechs apply the same security diligence to HR vendors that they apply to other parts of their vendor ecosystem, since employee financial and personal data carries similar sensitivity to customer data.
Updated
Jul
2026
No items found.
