Standards Comparison

    ISA 95

    Voluntary
    2000

    International standard for enterprise-manufacturing control integration

    VS

    MAS TRM

    Mandatory
    2021

    Singapore guidelines for financial technology risk management

    Quick Verdict

    ISA 95 provides manufacturing integration models for enterprise-plant interfaces, while MAS TRM mandates cyber risk governance for Singapore FIs. Manufacturers adopt ISA 95 for semantic consistency; banks use TRM to avoid fines and ensure resilience.

    Enterprise-Control Integration

    ISA 95

    ANSI/ISA-95 Enterprise-Control System Integration

    Cost
    €€€€
    Complexity
    High
    Implementation Time
    12-18 months
    Technology Risk Management

    MAS TRM

    MAS Technology Risk Management Guidelines

    Cost
    €€€€
    Complexity
    High
    Implementation Time
    12-18 months

    Key Features

    • Board and senior management accountability
    • Proportional risk-based implementation
    • Third-party service risk management
    • Cyber resilience defence-in-depth
    • Annual penetration testing for internet systems

    Detailed Analysis

    A comprehensive look at the specific requirements, scope, and impact of each standard.

    ISA 95 Details

    What It Is

    ANSI/ISA-95 (IEC 62264) is an international framework for enterprise-control system integration. It organizes manufacturing into Purdue levels 0-4, focusing on interfaces between Level 3 (MES/MOM) and Level 4 (ERP/logistics). Primary purpose: standardize information models, activities, and exchanges to reduce integration risks, costs, errors using hierarchical, object-based models.

    Key Components

    • Eight parts: models/terminology (Part 1), objects/attributes (Parts 2/4), activities (Part 3), transactions (Part 5), messaging/aliasing/profiles (Parts 6-8).
    • Core: equipment hierarchy, activity models (production, quality, maintenance), object semantics for materials/personnel.
    • Built on Purdue Reference Model; no formal certification, but conformance via aligned architecture and training programs.

    Why Organizations Use It

    Reduces semantic misalignment in IT/OT convergence; enables consistent data for OEE, traceability, analytics. Voluntary but essential for manufacturing digital transformation, regulatory audits, multi-site scalability. Builds stakeholder trust through auditable integrations.

    Implementation Overview

    Phased: assessment, canonical modeling, pilot (3-6 months), rollout. Applies to manufacturing industries globally; requires governance, master data, security segmentation. No mandatory audits; success via KPIs like integration cost reduction.

    MAS TRM Details

    What It Is

    MAS Technology Risk Management (TRM) Guidelines (revised January 2021) are supervisory guidelines issued by the Monetary Authority of Singapore (MAS) for financial institutions. They provide a principles-based framework for managing technology and cyber risks, emphasizing proportional implementation based on risk profile, complexity, and criticality to ensure confidentiality, integrity, and availability (CIA).

    Key Components

    • 15 main sections covering governance, risk frameworks, secure development, IT operations, resilience, access controls, cryptography, cyber defense, assessments, and audit.
    • Synthesised 12 core principles like board accountability, asset management, third-party oversight, and defence-in-depth.
    • No fixed control count; focuses on outcomes with continuous improvement.
    • Compliance via supervisory review, no formal certification.

    Why Organizations Use It

    • Mandatory for MAS-supervised FIs to avoid enforcement (fines, license actions).
    • Enhances cyber resilience, operational stability, and customer trust.
    • Supports digital transformation while mitigating systemic risks.
    • Builds competitive edge through robust governance and evidence-based assurance.

    Implementation Overview

    • Phased approach: governance setup, asset inventory, risk assessment, control deployment, testing, monitoring.
    • Applies to banks, insurers, fintechs in Singapore; scalable by size.
    • Involves board approval, CISO appointment, audits; 12-24 months typical.

    Key Differences

    Scope

    ISA 95
    Enterprise-manufacturing integration models
    MAS TRM
    Technology/cyber risk governance in finance

    Industry

    ISA 95
    Manufacturing, discrete/continuous/process
    MAS TRM
    Financial institutions (banks, insurers)

    Nature

    ISA 95
    Voluntary reference architecture standard
    MAS TRM
    Supervisory guidelines with enforcement

    Testing

    ISA 95
    No formal certification; self-assessment
    MAS TRM
    Annual PT for internet systems; audits

    Penalties

    ISA 95
    No penalties; implementation risks
    MAS TRM
    Fines, license revocation, prohibitions

    Frequently Asked Questions

    Common questions about ISA 95 and MAS TRM

    ISA 95 FAQ

    MAS TRM FAQ

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