1) The document discusses ACRA's journey in developing data services, including its data strategy and the development of its API mall. 2) ACRA's data strategy aims to transform it into a data-driven organization and aligns with Singapore's Digital Government Blueprint to promote open data sharing and seamless digital services. 3) ACRA launched its API mall in December 2018, which currently offers 29 API services that provide business and financial information to customers to help with tasks like know-your-customer checks, credit risk assessments, and service digitalization.

1. ACRA’s
Data Services Journey
Queenie Chang,
Senior Manager, Data Services
Information Resource Department
Accounting and Corporate Regulatory
Authority
11 April 2019

2. Agenda
Copyright © ACRA 2019. All rights reserved.
2
1 Overview of ACRA
2 ACRA’s Data Strategy
3 ACRA’s Data Services
4 ACRA’s API Mall
5 Next Steps

3. ACRA as the
Business Data Repository
for Singapore
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4. Mission and Functions
 Accounting and Corporate Regulatory
AuthorityAct
 AccountantsAct
 Business Names RegistrationAct
 CompaniesAct
 Limited Liability Partnerships Act
 Limited Partnerships Act 2008
• Administration of repositories
• Provision of access to the public of such documents
and information
• Statutory Board under the Ministry of Finance since 2004
• Registration and regulation of business entities,
public accountants and corporate service providers,
under the following Acts:
Copyright © ACRA 2019. All rights reserved.

5. 5
Overview of Corporate/Public Accountancy Landscape in Singapore
498
Limited
Partnerships
16,875
Limited Liability
Partnerships
1,142
Public
Accountants
All statistics are accurate as at 31 Dec 2018.
135,298
Sole-Proprietorships
& Partnerships
336,774
329,633
PrivateCompanies
5,039
PublicCompanies
2,102
ForeignCompanies
Companies
85%
Corporate Filing
Compliance Rate
Copyright © ACRA 2019. All rights reserved.

6. A Trusted Business Register
Public
Close to 400 e-services
such as:
• Entity incorporation
• Filing of Annual Returns
• Filing of financial
statements
Over 1.7mil transactions
completed per year
Government and
External Agencies
Over 100 interfaces with 54
agencies:
• Transmission of info for
application of licences
• Receipt of info such as
changes in addresses
24/7 filing
100% online
since 2003
100% online Business Registration and Filing
Copyright © ACRA 2019. All rights reserved.

7. ACRA’s Data Strategy
2

8. 8
Digital Government Blueprint (Launched June2018)
• Providing digital services that are relevant, seamless, easy to
use, reliable and secure for citizens and business.
Copyright © ACRA 2019. All rights reserved.

9. 9
Our Operating Environment
• ACRA’s Strategic Outcomes
Copyright © ACRA 2019. All rights reserved.

10. 10
Our Envisioned Future State
Mission : Raw data is our core business
• Ensuring data accuracy and completeness
• Providing ease in filing the data
Business Optimisation : A Data-focused business
• Used for policy-making, improve compliance, raise service level
• Benefits:
o Achieve organisation excellence : efficiency and
effectiveness
o Keep up with competition
Business Transformation : A Data-driven organisation
• Business model changes
• Data is the asset, data as products or services
• Data as insights and differentiating factor
Mission
Optimisation
Transformation
Copyright © ACRA 2019. All rights reserved.

11. 11
Digital Government Blueprint (DGB) vs
ACRA’s Strategies
DGB Strategies:
• Open data sharing
Co-create digital solutions that
benefit everyone.
• Digital service standards
Easy and seamless digital
services
for everyone.
• Single Source Of Truth (SSOT)
Optimised data flows and
data fusion.
ACRA’s Strategies:
• Data services
Omni channel data access, E.g.
API services, Data.gov.sg, etc.
• Systems adherence
Consistency with rest of
government for seamless data
interoperability.
• Data quality
Ensures data integrity for trusted
and reliable decision making.
ACRA as SSOT for business and
financial information*.
* For businesses who submits their financials to
ACRA.
Copyright © ACRA 2019. All rights reserved.

12. ACRA’s Data Services
3

13. 14
ACRA’s API services enable businesses through:
System integration for seamless transactions
Addresses manpower constraints through increased
productivity
Availability of real-time information for immediate reliable business
decisions
Promotes digital services innovation
Copyright © ACRA 2019. All rights reserved.

14. 15
API Services – Our first steps…
Electronic
products
Batch
data
Engagements
with potential
users Feedback for service
enhancementsAPI Mall @www.apimall.acra.gov.sg
1. ACRA took the step of
designing our APIs based on
existing services and sought
feedback from potential
customers.
1 2 3
Copyright © ACRA 2019. All rights reserved.
2. Finalised APIs are made
available to targeted users
during soft launch. Public
launch in December 2018.
3. Continuous engagements
with customers to
understand their use cases.
Feedback are consolidated
for evaluation and future
enhancements.

15. 16
API Services @ ACRA’s API Mall
BizFile+
DB
BizFinx
DB
API Services
ACRA
NEW
Information
Services 1. Entity Information
2. Financial Information
3. Validate and Upload
XBRL Financial
Statements
Online subscription @ Apimall.acra.gov.sg
Subscribers’
System/Apps/
Processes
Users/Customers
General
Public
ACRA API services available through online subscription at https://www.apimall.acra.gov.sg
Copyright © ACRA 2019. All rights reserved.
Total 29 API services

16. 17
Customers’ Use Cases
KYC, Credit Risk
Integration with Telcos’ processes,
as well as overseas information
providers or credit bureau services
to meet business due diligence.
FinTechs, RegTechs
Innovations
Integration with Smart
Contract services where
businesses are able to DIY
their required contractual
agreements, reducing
business costs.
Service Digitalisation
Integration with online services
to streamline processes such as
customers on-boarding,
achieving improved service
delivery with reduced resources.
Copyright © ACRA 2019. All rights reserved.

17. 18
Our Next Steps…
APIs to support seamless filing of data to the Registry and theTax
Authority through customer’s natural system
Data / Records can be compiled, and uploaded
or submitted in a single step for user.
Submitted data flows to
respective agencies.
ECI Form
C-S
SourceData RecordKeeping AgenciesSubmission
Cash register
Paper records
e.g. invoices,
receipts
Sales/
Purchases
Electronic
invoices
3rd Party data
Payment
Bank statements
Merchant
Acquirers data
e-Payments
(1) Accounting,
Payroll, ERP
Software
Internal systems
to record &
consolidate
business
transactions, and
trigger tax alerts
(2) Conversion/
Computation
Module
Automatically
converts source
financial data into
statutory filings
(4)Submission
via system
Seamless
submission direct
toagencies
(A) Tax Returns/ Information
(B) Financial Reporting
Financial
data
(in XBRL)
Financial
Statements
…..
Other Govt
CPF, MOM,
Customs
May be scalablein future…
Annual
Return
GST
F5
(3)
Authentication
Back-end
authentication of
taxpayers/ third
parties to ensure
secure submission
AgencyA
Agency B
age
Onc
thie
es
rse.g.
Copyright © ACRA 2019. All rights reserved.

18. Accounting and Corporate Regulatory Authority
10 Anson Road #05-01/15
International Plaza
Singapore 079903
www.acra.gov.sg
www.facebook.com/SG.ACRA
www.twitter.com/ACRA_SG
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