VPS

What VPS does

vps.com Pte Ltd is a Singapore-based, management-owned IT services firm founded in 1995 that builds and distributes specialized software for the banking and financial-services sector, anchored by its MASmart / MASMART2 regulatory reporting suite for the Monetary Authority of Singapore (MAS) under Notices 610, 640, 649, 650, 755, 757, 639 and 639A. Beyond MAS reporting, the company develops proprietary banking products (JBANK for MIS reporting on Pervasive Data Integer supporting up to 150 users, HKmart for Hong Kong Monetary Authority (HKMA) reporting with embedded Data Junction and Brio Query Explorer, and InterBank/400 for multi-currency FX/securities/trade finance risk management), resells the PRONTO ERP system from Australia's PRONTO Software (which it serves to over 800 companies), and operates a Business Recovery Center at its Ubi Techpark headquarters leveraging IBM Singapore infrastructure to provide disaster-recovery and backup dealing room services. The firm employs 1-10 staff, reaches Singapore wholesale and offshore banks through direct enterprise sales, and extends selectively into Hong Kong, broader Asia, Europe and the U.S. via partner-enabled channels. Revenue is generated through subscription licensing, one-time implementation fees, and managed-service contracts, with no disclosed pricing, ARR, or funding; the entity was originally a subsidiary of Hong Kong-listed Vanda Group before a 1999 management buyout renamed it VPS.com Pte. Ltd.

Name

VPS

Legal name

VPS (Vehicle Protection Structures)

Website

https://vps.com.sg

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

vps.com Pte Ltd is a Singapore-based, management-owned IT firm that builds and distributes MAS regulatory reporting (MASmart/MASMART2), proprietary banking software (JBANK, HKmart, InterBank/400), PRONTO ERP, and business recovery services for Singapore and Hong Kong banks.

Ownership category

akta.pro rank

Product category

Banking Compliance Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computer Systems Design and Related Services (54151)

SIC

Finance Services (6199)

akta.pro primary industry

Regulatory, Reporting & Compliance for BNPL (FSAGAIAM)

akta.pro secondary industries

Remote Monitoring & Management (RMM) Services (BPAEABAA), Treasury Operations Support (Cash Management, Bank Reconciliations, Payments Ops) (BPAAAGAH)

Keywords

• Banking regulatory reporting
• MAS compliance software
• Banking MIS solutions
• Enterprise ERP systems
• Business continuity recovery

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. MAS Reporting Solutions: Provides specialized banking compliance reporting solutions including MASMART and MASMART2 for MAS 610, 640, 649, 650, 755, 757, 639 & 639A notices. Targets wholesale and retail banks of all sizes.
2. ERP Solutions: Provides ERP solutions based on Prometheus Software Pronto system. Also preparing to offer Pronto system as Applications Service Provider (ASP).
3. Business Recovery Services: Business Continuity services including hardware services, software support services, network support services, business recovery services, and back-up dealing room. Business Recovery Center housing AS/400, RS/6000, PC Servers and other hardware machines.
4. Banking Products: Develops own Banking products aimed at wholesale and retail banks. Includes specialized systems for Private Bankers and Funds Managers for active management of customer investment portfolios. Products include JBANK, InterBank/400, and HKmart.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

VPS develops and delivers proprietary IT software solutions for the banking sector, with its flagship MASmart / MASMART2 suite automating Monetary Authority of Singapore (MAS) regulatory reporting under Notice 610 and related notices. The company also develops supporting banking products (JBANK, HKmart, InterBank/400) for wholesale and retail banks, resells the PRONTO ERP system, and operates a Business Recovery Center providing disaster recovery and continuity services.

Product overview

VPS.com Pte Ltd is a Singapore-based IT company offering a portfolio of financial services software products. The core offering is the MASmart/MASMART2 suite for MAS regulatory reporting, complemented by banking products (JBANK, HKMART, InterBank/400) for wholesale and retail banks. Additional offerings include PRONTO ERP solutions and Business Recovery services. The company primarily serves the Singapore banking sector with MAS compliance solutions, while also supporting regional and international markets.

Differentiator

Problem solved

Functional benefit

Products and services

• MASmart Banking regulatory reporting solution developed exclusively for the Singapore banking sector under MAS Notice 610, providing automated preparation of monthly statements of assets and liabilities, foreign exchange business, classified exposures, derivatives contracts and asset/liability maturity reporting schedules.
• MASMART2 Successor to MASmart, designed for the revised MAS Notice 610 and additional notices (640, 649, 650, 755, 757, 639/639A), enabling banks to run in parallel with MASmart through the MAS-defined transition window.
• JBANK Banking MIS reporting solution built on Pervasive Data Integer (DB2, Elixir) that connects up to 150 users and servers, enabling efficient extraction, transfer and load of banking figures to generate customized banking MIS reports.
• HKmart Banking-sector solution developed for the Hong Kong Monetary Authority (HKMA) regulatory reporting requirements, automating extraction of operational data into the HKMA data mart, processing for reporting, and production of reports in HKMA formats with XML-format submission; integrates Data Junction ETL and Brio Query Explorer.
• InterBank/400 Comprehensive banking solution for wholesale and retail banks engaged in foreign exchange trading, securities trading, interbank and commercial loans and deposits, and trade finance, focused on risk management in an online, multi-currency environment.
• PRONTO ERP Fully integrated Enterprise Management Software application based on Prometheus Software's Pronto system, running on UNIX and NT platforms, with modules covering Point of Sale, RF Warehousing, Quality Management, Plant Maintenance, Rentals, Prospect Management, Payroll, HRMS and EDI.
• Business Recovery Service Business continuity and disaster recovery service located at VPS's Ubi Techpark office, providing hardware, software and network support services, a back-up dealing room, and a fully equipped Business Recovery Center housing AS/400, RS/6000 and PC Servers to enable customers to continue 'Business as Usual' in the event of a disaster at their premises.

Quantifiable outcome

• JBANK application connects up to 150 users and server
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Kia GeorgiaflagshipStrategic or Co-development Partner · 1 January 2026Landmark automotive hail protection and solar canopy project completed at Kia's West Point, Georgia manufacturing facility. 3.2 million square foot installation generating 10 MW of on-site solar power, developed in response to 2023 hailstorm that damaged over 13,000 vehicles.
• IBM Singapore Pte LtdcoreTechnology or IntegrationIBM Singapore Pte Ltd located at 9 Changi Business Park Central 1, The IBM Place, Singapore 486048. Listed as a technology partner providing infrastructure and systems support for VPS business continuity and recovery services.
• Pervasive Software Inc.coreTechnology or IntegrationPervasive Software Inc. located in Austin, TX, United States. Provides data integer technology (DB2, Elixir) used in JBANK application for banking MIS reports with connectivity for up to 150 users.
• PRONTO Software Pty LtdcoreTechnology or IntegrationPRONTO Software Pty Ltd located in East Burwood, Victoria, Australia. Provides the Pronto ERP system which VPS offers as a solution, with over 800 companies relying on Pronto for business management.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• FIS Global: FIS provides core banking, risk, and regulatory software to financial institutions worldwide. Comparable to VPS as another provider serving Singapore-based banks' compliance needs, but at vastly larger scale and with much wider product breadth.
• Temenos: Temenos is a global banking software platform with growing APAC presence that increasingly bundles regulatory reporting features. Comparable to VPS because it competes for the same bank-IT wallet, though Temenos is a much broader core-banking vendor.
• SAS (Regulatory Reporting): SAS offers risk and regulatory reporting solutions used by major banks globally. It is comparable as a competitor in regulatory analytics/reporting, but as a broad incumbent serving many industries, it does not specialize in Singapore MAS reporting.

Others

• PRONTO Software: PRONTO Software is VPS's ERP product partner, used by over 800 companies. It is comparable as the underlying ERP vendor whose software VPS resells in Singapore — relevant because the channel relationship defines VPS's ERP revenue line.
• IBM Global Technology Services (Singapore): IBM Singapore is both a technology partner and a competing IT services / business continuity provider in Singapore. Comparable as a peer in managed IT and DR services where VPS's Business Recovery offering competes for the same mid-market clients.

Direct peers

• AxiomSL (Broadridge): AxiomSL, now part of Broadridge, specializes in risk and regulatory reporting for global financial institutions. It is comparable to VPS as a competitor in bank reporting automation, but AxiomSL serves tier-1 banks with much broader scope.
• Vermeg (Broadridge): Vermeg, now part of Broadridge, provides regulatory reporting and securities finance solutions (SFT, repo, SFTR). It is directly comparable to VPS as a vendor helping financial institutions meet regulatory reporting obligations, though Vermeg targets European regulators whereas VPS targets Singapore/MAS and Hong Kong/HKMA.
• Wolters Kluwer (OneSumX): Wolters Kluwer's OneSumX is a leading banking regulatory reporting platform used globally. It is directly comparable to VPS's MASMART/MASMART2 suite in functionality — automating regulator returns for banks — but operates at vastly larger scale across many jurisdictions.
• Regnology: Regnology (formerly BearingPoint RegTech) builds regulatory reporting SaaS for banks and insurers. It competes with VPS's MASMART directly in the niche of automating financial regulatory returns, though Regnology is far larger and covers more regimes (AnaCredit, Basel, IFRS).

Emerging players

• SunGard Availability Services: SunGard (now part of FIS) provides IT resiliency and disaster recovery services globally. Comparable to VPS's Business Recovery Center service as another DR/BCP vendor serving financial institutions — a directly overlapping offering though at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VPS