Tookitaki, a leading player in the anti-money laundering (AML) sector, has introduced its Compliance-as-a-Service (CaaS) solution tailored for small and mid-sized financial institutions worldwide. This innovative Software as a Service (SaaS) offering grants financial institutions access to Tookitaki’s flagship compliance tool, the Anti Money Laundering Suite (AMLS), through a secure, self-service platform designed for cost-efficiency.
Tookitaki’s AMLS is trusted by prominent universal banks like UOB, regional banks, digital-only banks, e-wallets, and payment companies, including global leaders such as Tencent. The CaaS solution provides comprehensive risk coverage across screening, transaction monitoring, and customer risk scoring. It features standardized payload specifications and APIs for seamless integration, allowing financial institutions to go live in just two weeks. Moreover, these institutions can utilize pre-packaged watchlist data for screening, in addition to their existing watchlist data.
This flexible pay-as-you-go solution scales horizontally, ensuring high reliability and performance to accommodate rapid growth. It also includes industry-standard certifications related to risk, security, and data privacy, such as SOC2, reducing reliance on internal IT resources.
Abhishek Chatterjee, Founder and CEO of Tookitaki, emphasized the importance of making AMLS more accessible, especially for fast-growing fintech companies, by offering a Compliance-as-a-Service model. This approach allows these firms to enter the market quickly and stay ahead in their financial crime mitigation efforts with regular updates.
The head of compliance at a major e-wallet provider praised Tookitaki’s CaaS solution for its lightweight, scalable nature, complete risk coverage, and predictable low-cost footprint.
Tookitaki is globally recognized in the realm of anti-financial crime. The company pioneered the concept of combating financial crime through a community-based platform called the Anti-Financial Crime (AFC) ecosystem. It enables industry experts to share patterns related to money laundering and terrorist financing continuously. This ecosystem empowers financial institutions to learn, share, and utilize typologies to counter emerging financial crime patterns effectively and stay secure. Built on a federated learning framework, the AFC ecosystem enhances the effectiveness and efficiency of AML programs, powering the flagship compliance solution, AMLS.
By FCCT Editorial Team freeslots dinogame telegram营销
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