Scila AB, the Stockholm-headquartered independent provider of trade surveillance, anti-money laundering and risk management tech, has established a new regional office in Singapore “covering the Asia-Pacific region.”
As mentioned in a release, Scila has worked cooperatively with clients in the APAC region since 2009, and presently offers “mission-critical solutions to exchanges and a wide range of market participants in the region and in Singapore.”
As noted in the update, the office will be focused on supporting existing clients and “perform sales and business development activities covering the Asia-Pacific region.”
Erik Holm, newly appointed Head of Sales Asia-Pacific at Scila, stated:
“I am excited to be on-site in Singapore and start up our regional office. We have a strong value proposition and can offer regional customers modern technology to detect market abuse, prevent money-laundering and to manage risk.”
Lars-Ivar Sellberg, Executive Chairman and one of the Co-Founders at the firm, remarked:
“Scila has supported regional customers for more than 12 years and has a growing customer base in Singapore and other key financial centres in Asia. The choice of Singapore as a regional hub was due to the excellent business environment, solid regulatory framework and state of the art financial infrastructure. We look forward to meeting customers in the region.”
As noted by the firm’s management, confidence is one of the “most important” assets of any market place, market participant, or regulator. Without confidence in the market, investors will “choose other alternatives for their investments,” the company notes
Scila offers surveillance tools built on many years of experience from market surveillance and systems design. The products use the latest tech to provide the client a seamless and intuitive route from detection to presentable evidence.
At the same time, clients are able to benefit from the vast amount of useful order and trading data that may be derived from the Scila solution. Whether you use Scila Surveillance, Scila AML, or Scila Risk “you add confidence to your part of the market,” the company added.