We understand that collating and reporting QDC information in a timely and cost-efficient manner presents practical and operational challenges for our industry. Many member firms have shared these concerns with us and we recognise that this is a common issue faced across the membership.

In response, IMAS has been working diligently to identify solutions that can help address these challenges effectively. We have partnered with a fintech member, Optimai, to explore a solution that can potentially support members in meeting these new requirements. 

Members were invited to be part of a demo session where they can hear on whether this can largely meet the industry’s requirements.

Supporting members with structured, MAS-aligned reporting workflows

The Optimai QDC Solution provides an end-to-end automated workflow that simplifies and accelerates the QDC data-preparation cycle. It manages the full sequence of processes required for MAS QDC reporting, including:

• Aggregating multi-source data: Consolidating positions from internal and external systems into a unified dataset
• Bloomberg-enabled enrichment: Enhancing holdings with attributes such as rating, sector, region and bond type to support MAS-aligned asset classification
• Regulatory aligned data transformation: Transforming and classifying positions based on MAS reporting requirements, including asset class exposures, geographic investment focus and other regulatory-aligned data attributes.
• Exception identification and resolution: Highlighting gaps or inconsistencies for review, supported by maker-checker controls and full audit trails
• MAS-aligned FX conversion: Automatically downloading official MAS end-of-month FX rates and converting exposures to SGD
• Performing MAS webform validation checks (when available): Applying MAS-Tx QDC webform validation logic to help ensure that the CSV output meets MAS-aligned rules
• Generation of submission-ready CSV files: Producing outputs that meet the technical specifications for MAS-Tx

 The solution can be deployed on-premises or within the FMC’s own cloud environment to meet data-governance requirements.

This initiative aligns with IMAS’ wider work to uplift industry capabilities, deepen operational resilience and promote responsible adoption of RegTech solutions across the investment management ecosystem. By convening industry stakeholders and assessing practical tools, IMAS aims to support a smooth and well-aligned transition to the QDC framework, while reinforcing high standards of transparency and governance.

For more information, please contact IMAS at digital@imas.org.sg.