Sustainable
compliance
is
possible
Tookitaki combines machine learning, distributed systems, and business expertise to create the building blocks of sustainable compliance management.
in
Our Powerful Solutions
Anti-Money Laundering Suite (AMLS)
An award-winning, end-to-end, machine learning solution with modules around transaction monitoring & names screening. This solution complements current legacy systems, reduces false alerts, and detects ‘missed’ suspicious cases, finding the right balance between efficiency and effectiveness.
Reconciliation Suite (RS)
A proven, end-to-end, machine learning solution with modules around matching and substantiation. It can improve match rates, accurately detect exception types and recommend adjustment amount for automatic reconciliation. Result: High efficiency and quality in investigation process and lower cost of operations.
A trusted partner of global banks for enabling sustainable compliance
Bala Swaminathan,
Advisory Board Member,
Westpac International
“The use of RegTech such as Tookitaki’s AMLS enables us to augment our ability to identify actionable alerts and to minimise false positives. These sharpen the accuracy and effectiveness of our AML risk management.”
Victor Ngo,
Head of Group Compliance,
United Overseas Bank, Singapore
“Machine learning has the ability to revolutionise the reconciliation space. Our engagement with Tookitaki dates back to May 2016, when we launched our Catalyst programme. Tookitaki is one of the few startups, with whom we collaborated to automate break reconciliation process in finance. The solution achieved promising results in production and helped bring in operational efficiency.”
Rathnaprabha Manickavachagam,
Head of Innovation & Digital Transformation,
Société Generale Global Solution Centre, India
“The whole world of compliance has changed significantly from where it was 5 years back, mostly seen as an audit function. It moved from what we call KYC (Know Your Customer) to Know Your Transactions due to critical need of monitoring transactions to detect organized criminal cells. Solutions like Tookitaki AMLS can effectively monitor transactions for detecting emerging AML threats and help banks develop a robust compliance framework.”
Bala Swaminathan,
Advisory Board Member,
Westpac International
“The use of RegTech such as Tookitaki’s AMLS enables us to augment our ability to identify actionable alerts and to minimise false positives. These sharpen the accuracy and effectiveness of our AML risk management.”
Victor Ngo,
Head of Group Compliance,
United Overseas Bank, Singapore
“Machine learning has the ability to revolutionise the reconciliation space. Our engagement with Tookitaki dates back to May 2016, when we launched our Catalyst programme. Tookitaki is one of the few startups, with whom we collaborated to automate break reconciliation process in finance. The solution achieved promising results in production and helped bring in operational efficiency.”
Rathnaprabha Manickavachagam,
Head of Innovation & Digital Transformation,
Société Generale Global Solution Centre, India
“The whole world of compliance has changed significantly from where it was 5 years back, mostly seen as an audit function. It moved from what we call KYC (Know Your Customer) to Know Your Transactions due to critical need of monitoring transactions to detect organized criminal cells. Solutions like Tookitaki AMLS can effectively monitor transactions for detecting emerging AML threats and help banks develop a robust compliance framework.”
Bala Swaminathan,
Advisory Board Member,
Westpac International
“The use of RegTech such as Tookitaki’s AMLS enables us to augment our ability to identify actionable alerts and to minimise false positives. These sharpen the accuracy and effectiveness of our AML risk management.”
Victor Ngo,
Head of Group Compliance,
United Overseas Bank, Singapore
“Machine learning has the ability to revolutionise the reconciliation space. Our engagement with Tookitaki dates back to May 2016, when we launched our Catalyst programme. Tookitaki is one of the few startups, with whom we collaborated to automate break reconciliation process in finance. The solution achieved promising results in production and helped bring in operational efficiency.”
Rathnaprabha Manickavachagam,
Head of Innovation & Digital Transformation,
Société Generale Global Solution Centre, India
“The whole world of compliance has changed significantly from where it was 5 years back, mostly seen as an audit function. It moved from what we call KYC (Know Your Customer) to Know Your Transactions due to critical need of monitoring transactions to detect organized criminal cells. Solutions like Tookitaki AMLS can effectively monitor transactions for detecting emerging AML threats and help banks develop a robust compliance framework.”
Bala Swaminathan,
Advisory Board Member,
Westpac International
“The use of RegTech such as Tookitaki’s AMLS enables us to augment our ability to identify actionable alerts and to minimise false positives. These sharpen the accuracy and effectiveness of our AML risk management.”
Victor Ngo,
Head of Group Compliance,
United Overseas Bank, Singapore
“Machine learning has the ability to revolutionise the reconciliation space. Our engagement with Tookitaki dates back to May 2016, when we launched our Catalyst programme. Tookitaki is one of the few startups, with whom we collaborated to automate break reconciliation process in finance. The solution achieved promising results in production and helped bring in operational efficiency.”
Rathnaprabha Manickavachagam,
Head of Innovation & Digital Transformation,
Société Generale Global Solution Centre, India
News & Views
Excel to AI: How Reconciliation Tools Evolve for Better
In the world of finance, reconciliation is the process of comparing two related sets of records or two accounts at the end of a specific accounting period to find out if account balances are matching in both records. Periodic reconciliation of accoun...
Exploring AML Risks in COVID-Era and the Ways to Address Them
The world continues to battle the COVID-19 pandemic and the crisis it brought in is unprecedented in the history of humankind. While there are a number of pandemic-related factors contributing to the expected crisis with financial services, financial...
AML Amid COVID-19: Watch out for These FBI-listed Fraud Schemes
There has been a rise in the number of cybercrimes and fraud schemes across the globe ever since the proliferation of the COVID-19 pandemic. Criminals, in general, are taking advantage of people’s scare, helplessness, and the need for immediate fin...
OCC Spring Risk Perspective: 5 Takeaways on Compliance Risk
Despite its general strength, the US federal banking system is apparently susceptible to the ongoing economic weakness caused by the rampant spread of coronavirus. Earlier this month, The US Office of the Comptroller of the Currency (OCC) published i...
