Details

Last Funding Type

Series A

Last Funding Money Raised

$7.50M

Industries

Compliance,Finance,FinTech,Predictive Analytics,SaaS,Software

Founded date

Jan 1, 2014

Number Of Employee

101 - 250

Operating Status

Active

Money laundering needs to be a collective effort through centralised intelligence-gathering. For this reason, Tookitaki developed the AML Ecosystem, which includes our network of experts and the Typology Repository (TR). The AML ecosystem is a game changer since it helps remove the information vacuum created by siloed AML operations. It also lays the foundation of a democratized detection approach where AML behavioural models are shared across an ecosystem through a privacy-protected framework.

Our network of experts includes risk advisers, legal firms, AML specialists, consultancies, and financial institutions from across the globe. Driven by effective collaboration between experts, the TR has grown exponentially over the past few months.

In addition to our AML ecosystem, which is a first-of-its-kind community-driven initiative, we have Tookitaki’s Anti-Money Laundering Suite or AMLS for our customers. The AMLS is an operating system comprising of four modules, such as Transaction Monitoring, Smart Screening, Customer Risk Scoring and the Case Manager, under one roof to address our customers’ compliance requirements. It provides holistic risk coverage, sharper detection, and significantly fewer false alerts. It can be deployed in multiple environments including the public cloud, private cloud, and data centre.

Tookitaki’s AML Ecosystem and the AMLS work in tandem and help our stakeholders widen their view of risk from an internal one to an industry-wide one across organizations and borders. Moreover, they can do so without compromising privacy and security.

Founded in November 2014, Tookitaki employs over 100 people across Asia, Europe, the Middle East, and the Americas. Tookitaki’s innovations in regulatory compliance have been acknowledged worldwide. Chartis Research named the company a Rising Star in its 2021 RiskTech 100 report. In 2020, the company won the Regulation Asia Awards for Excellence and the G20TechSprint accelerator. In 2019, the company was featured in the World Economic Forum’s Technology Pioneer List.