CERT-In Empanelled Since 2008

MAS TRM Compliance — Technology Risk Management Audit

Security Brigade provides MAS TRM compliance audit services aligned to the Monetary Authority of Singapore's TRM Notice and Guidelines. CERT-In empanelled since 2008.

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MAS TRM

Singapore Coverage

TRM-Aligned

Methodology

6,700+

Assessments

Since 2008

CERT-In Empanelled

Trusted by India's leading enterprises

What is MAS TRM Compliance?

The MAS Technology Risk Management (TRM) Notice is a binding regulatory instrument issued by the Monetary Authority of Singapore that establishes mandatory technology risk governance, security controls, and resilience requirements for all MAS-regulated financial institutions. The TRM framework spans 14 domains including access control, cryptography, data protection, network security, system hardening, vulnerability management, incident response, and business continuity.

Who Needs MAS TRM Compliance?

Entities regulated by the Monetary Authority of Singapore that must meet TRM requirements

MAS-Licensed Banks & FIs

Banks and financial institutions holding a licence from the Monetary Authority of Singapore, including full banks, wholesale banks, digital banks, and merchant banks operating in or from Singapore.

Payment Service Providers

Payment firms regulated under Singapore's Payment Services Act 2019, including cross-border money transfer services, domestic payment services, e-money issuers, and digital payment token service providers.

Capital Market Intermediaries

Licensed trust companies, fund managers (LFMCs, RFMCs), securities dealers, corporate finance advisers, and capital market service licensees regulated under the Securities and Futures Act.

Insurance Companies & Brokers

Licensed insurers, reinsurers, and insurance brokers regulated by MAS under the Insurance Act, including both direct life/general insurers and composite insurers.

Fintech & Regulated Startups

Fintech firms operating under MAS regulatory sandbox frameworks, licensing regimes, or exemption orders with technology risk obligations. Includes digital advisory platforms, crowdfunding operators, and digital exchanges.

"We swap auditors every two years as policy. Security Brigade is the only firm we've kept continuously since 2016. The difference is Lemon — every engagement follows the same methodology, every finding gets three-layer review, and our RBI auditors have never questioned a report. That kind of consistency across 300+ annual assessments is rare."

CISO, Top-3 Indian Bank

Chief Information Security Officer

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lemon.securitybrigade.com/project/PRJ-2847

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DashboardD

CoverageC

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PROJECT PRJ-2847

Coverage Validation — acmecorp.com

94% covered

Endpoints

247 / 263

Parameters

1,847

Auth Flows

12 / 12

JS Routes

38 / 41

AI flagged 3 undiscovered endpoints

/api/v2/admin/export, /api/v2/billing/webhook, /internal/healthcheck

L1 Complete

L2 In Review

L3 Pending

Intelligent Orchestration

Auto-fingerprints your app, selects methodology, generates structured tasks from 6,700+ past engagements.

AI Coverage Validation

Cross-references auditor findings, spider results, JS analysis, route files, and server logs. Flags what was missed.

L1 → L2 → L3 Review

Three-layer expert review before any finding reaches your report. Every vulnerability validated, every gap caught.

Deliverables

What you get

Reports for two audiences — executives who need the risk picture, and developers who need to fix the issues. With code-level guidance, not vague advice.

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MAS TRM Gap Analysis Report

Comprehensive assessment against all 14 TRM domains with maturity ratings, risk scores, deficiency counts, and prioritised remediation roadmap mapped to TRM Notice sections.

Control Validation Evidence Pack

Documented evidence for each TRM control domain with test results, configuration screenshots, policy references, and audit trail for regulatory inspection and examination readiness.

Technical Vulnerability Assessment

Penetration testing findings, infrastructure hardening gaps, cloud security misconfigurations, and API security issues identified during testing with technical remediation guidance.

Board-Ready Executive Summary

Executive-level risk posture overview with critical findings, investment priorities, residual risk statement, and compliance status dashboard for senior management and board reporting.

Implementation Roadmap

Phased remediation plan with timelines, resource estimates, quick wins, and milestone definitions aligned to your risk appetite, budget cycles, and MAS regulatory timeline.

FAQ

Common questions

Can't find what you're looking for? Talk to our team.

What is MAS TRM and who does it apply to?+

The MAS Technology Risk Management (TRM) Notice is a binding regulatory instrument that sets technology risk governance and security requirements for all financial institutions regulated by the Monetary Authority of Singapore. It applies to banks, insurers, payment service providers, capital market intermediaries, and licensed fintech companies operating in or from Singapore.

How does MAS TRM differ from ISO 27001?+

MAS TRM is a regulatory mandate specific to Singapore's financial sector with prescriptive controls across 14 technology risk domains, while ISO 27001 is a voluntary international standard for information security management systems. MAS TRM compliance satisfies elements of ISO 27001 Annex A, but full ISO 27001 certification requires additional ISMS process documentation and management review structures. Many institutions pursue both, leveraging MAS TRM compliance as evidence toward ISO 27001 certification.

How long does an MAS TRM compliance assessment take?+

A typical engagement runs 8–10 weeks for mid-sized institutions: 2 weeks for scoping and discovery, 4–5 weeks for testing and control validation, and 2–3 weeks for reporting and remediation guidance. Large institutions with complex technology environments may require 12–16 weeks, while smaller fintech firms may complete in 6–8 weeks.

Is penetration testing mandatory under MAS TRM?+

Yes. The MAS TRM Notice requires regulated institutions to conduct regular penetration testing of critical systems. The scope, frequency, and depth depend on system criticality and the institution's risk profile. For critical systems and internet-facing applications, annual penetration testing is typically expected. We scope penetration testing exercises to meet or exceed MAS expectations.

How does MAS TRM address third-party and outsourcing risk?+

The MAS TRM framework includes specific requirements for managing technology risk arising from outsourcing and third-party arrangements. This includes due diligence on service provider security controls, contractual safeguards, ongoing monitoring, and ensuring that outsourced services do not impair the institution's ability to meet TRM requirements. Our assessment evaluates your third-party risk management programme against MAS expectations.

Are there penalties for MAS TRM non-compliance?+

Yes. MAS takes technology risk management seriously and has imposed penalties on financial institutions for TRM-related deficiencies, including failures in access control, system resilience, and incident reporting. Beyond monetary penalties, enforcement actions can include restrictions on business activities, increased supervisory scrutiny, and in severe cases, revocation of licences. A proactive TRM compliance programme is essential to maintaining good regulatory standing.

Start Your MAS TRM Compliance Assessment

One scoping call to align on TRM domain coverage, institution size, and regulatory timeline.

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Typically responds within 1 business day · No commitment required

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