Vendor due diligence · Singapore banks

For technology firms selling to Singapore banks
See what the bank’s reviewers will find, before they do.

A bank’s vendor questionnaire looks like a form, and its answers live with your finance, legal, security, engineering, continuity, privacy, facilities, HR, governance and deal people.

Visibly reads the documents you already have, tells you what each row is really asking and which rule sits behind it, and shows you the gaps before the bank finds them.

No certificate ends this review. Not SOC 2, not ISO 27001, not even OSPAR. The bank still runs its own. And it adds two to four months to a deal you’ve already spent four months winning.

Your own documents. No bank questionnaire needed.

Visibly will not be your lawyer, your auditor or your CISO. It tells you which of them the questions were written for, and what you already have that answers them.

01 / What is actually being asked

It reads like one desk. It is ten.

A questionnaire looks like one job: security, probably, or compliance, handed to whoever is closest to the deal.

Information security

IT securityEntity-level controlsCloud-specific controls

Engineering and platform

Cloud-specific controlsChange, incident and technologySoftware development and API security

Commercial, delivery and vendor management

Sub-contractors and supply chainService levels and contractingCapability and experienceEntity-level controls

Governance, audit and risk

Entity-level controlsGovernance and reputation

Continuity and recovery

Business continuity and DR

Legal and contracting

Service levels and contractingSub-contractors and supply chainEntity-level controlsGovernance and reputationCapability and experience

Compliance and data protection

Entity-level controlsIT securityChange, incident and technologyService levels and contractingCapability and experience

Facilities and physical security

Physical security and infrastructure

Finance

Financial strength and resources

People

Entity-level controls
The one that hides it best

Entity-level controls reads as a single domain. Count it above. It feeds six of the ten desks: governance and risk, information security, commercial and delivery, people, legal, and compliance. Nothing in the name says so.

In a large firm these are ten teams. In a thirty-person firm they are whoever is closest to the deal.

02 / What actually goes wrong

The questionnaire is not the hard part.

01

You don’t know who in your company owns it.

The file lands with whoever is closest to the deal. The answers sit with people in other functions, who often do not know the question was asked.

02

You don’t know which document proves it.

The certificate, the policy, the BCM plan and the pen test report all say something. Only one of them answers the row, and only if you cite the right section.

03

You find out months later, and never why.

Risk review is not a conversation. The deal slows, then stops. The reasons stay inside the bank, in a file you will never read.

03 / How it works

Three steps, your own documents.

Step 01

Upload

Your existing pack: ISO certificate, SOC 2, security and BCM policies. If a bank has already sent you its questionnaire, add it and we answer it row by row. If not, we assess you against the criteria the bank will use.

ISO-27001-cert.pdf
InfoSec-Policy-v4.2.pdf
bank-ddq-142-rows.xlsx · optional

The questionnaire is optional. Without one, we assess against the bank’s own criteria.

Step 02

Assessed against the bank’s standard

Every row answered from your evidence, with the regulation behind the question named and the source document and section cited.

R-011
R-024
R-037
R-052
Step 03

Close the gaps, then send

Work the amber and red rows, replace what is thin, and download the completed file in Excel or Word, colour-coded as the reviewer will read it.

bank-ddq-142-rows · answered.xlsxDownload
04 / Category contrast

Answering faster is not the same as passing.

The generic category

Questionnaire automation

Drafts answers from the answers you gave before.

Measures success in hours saved.

Jurisdiction-agnostic: the same answer for every regulator.

Repeats a weak answer faithfully, including the one that was rejected last time.

What we do instead

Visibly

Built from the bank’s side of the table, by people who reviewed these submissions.

Measures success in whether your evidence survives the review.

Every question mapped to the Singapore rule behind it: MAS 658, MAS Outsourcing, OSPAR, PDPA.

Flags what the risk team will reject, before they see it.

05 / Sample output

What a reviewed row looks like.

Sample · real assessment, identifying details fictionalized

Four parts to every row: the question as the bank wrote it, the rule behind it in plain English, the answer drawn from your documents, and the verdict. Select a row to read the reviewer’s note.

Assessment extract · 1 of 142 rowsVendor: Northmoor Systems Pte Ltd (name fictionalized)
Answer

Service delivery spans three locations: Singapore (primary operations and hosting, cloud region ap-southeast-1), the United Kingdom (engineering), and Australia (customer support). Production systems and backups remain in the Singapore cloud region; no customer data is stored or processed outside Singapore. Data residency for this engagement is contractually restricted under our Data Processing Agreement, Appendix D.

Cited: ISO 27001:2022 Certificate; SOC 2 Type 2 Report (FY2025); Data Processing Agreement
Reviewer note

Locations are enumerated, residency is bounded, and every claim traces to a certificate or report. A reviewer can verify this without a follow-up question.

06 / Why Visibly exists

For years we sat on the bank’s side of this table, reviewing vendor submissions and deciding which ones went forward.

Most of the companies that failed did not fail because their controls were weak. They failed because their evidence did not answer what the regulation was actually asking, and nobody on our side was allowed to tell them so. We wrote the rejection; they received a delay. Visibly is that reviewer’s judgment, turned into software and put on the vendor’s side of the table.

Years inside bank compliance and third-party risk

The desks that experience came from: named by function, not by institution

Third-party risk managementVendor due diligence reviewOutsourcing governanceMAS-regulated institutionsRegional & global banking groups
07 / For the owner of the number

Deals don’t die in the demo. They stall in risk review.

If you run sales, revenue, or enterprise accounts at a technology firm selling into Singapore’s banks, the risk review is the one stage of your pipeline you can’t see and can’t forecast: two to four months between a signed champion and booked revenue. Visibly turns it into a work list your team closes in days, before the questionnaire goes back.

Anyone can read the questionnaire. Knowing which answers survive the review is the hard part.

Regulatory lenses84 criteria · 12 domains
MAS 658The binding notice on how banks must manage outsourced services, including protection of customer information. In force 11 Dec 2024.
MAS Outsourcing GuidelinesWhat a bank must control when work, data or access moves outside the bank.
ABS OSPARSingapore’s independent audit report for outsourced service providers.
PDPASingapore’s personal data law, including breach notification duties.
08 / Who it’s for

Technology firms

You sell software or services into Singapore’s financial sector, often from outside Singapore, often without a compliance team of your own. If a bank has sent you a questionnaire, or is about to, this is built for you.

Selling to an insurer, an asset manager or a payments licensee instead? Of the 84 criteria, one is bank-specific. Ask us about the rest.

Banks and financial institutions

You send the questionnaires. When vendors run them through Visibly first, what returns is evidenced, cited and mapped to the regulation you are assessing against: fewer empty rows, fewer rounds.

Consulting and advisory partners

You already guide technology firms into Singapore’s regulated market: market entry, compliance readiness, the deals themselves. Visibly slots into that engagement: run your client’s pack against the bank’s rubric, open the meeting with the gap list, and spend your hours closing gaps instead of hunting them. If you’d package this into your service, talk to us.

From the reviewing side

A third-party risk practitioner tested the first-pass output and wrote this assessment of it.

“I was impressed by Visibly’s first-pass output. The risk assessment report was bank-grade and met the standard expected of a robust third-party risk assessment: responses were relevant to the control checks, supporting evidence was cited, and gaps were clearly highlighted. It provided the key information a risk practitioner needs to make an informed decision, all within minutes rather than hours or days.”

“I would be comfortable recommending Visibly TPRM to vendors seeking to do business with financial institutions in Singapore.”

Third-party risk management practitioner at a Singapore bank

A personal view, not a bank’s endorsement and not a customer reference.

How we handle your documents

Your documents are processed only to produce your assessment.

They are never used to train AI models, ours or anyone else’s.

Results and uploads are deleted automatically after a fixed retention window.

Processing and storage are hosted in Singapore.

Find out now, or find out from the bank.

Upload the documents you already have. You will see where a Singapore bank’s risk team would stop you, and exactly what closes each gap. If you already have the bank’s questionnaire, add it and we answer it row by row.

Your own documents. No bank questionnaire needed.

No card, no charge. A person replies, usually within a day.

Prefer to talk first? Book a 30-minute demo.