Tathabbat provides an AI-driven platform for enhanced due diligence that enables businesses in Saudi Arabia to identify and manage Know Your Finance (KYF) risks associated with clients, suppliers, and third parties. By utilizing advanced data analytics and intelligence, Tathabbat helps organizations mitigate exposure to financial crime and harmful connections, ensuring compliance with regulatory standards.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses in Saudi Arabia face increasing regulatory pressure to comply with Know Your Finance (KYF) standards, requiring them to thoroughly vet clients, suppliers, and third parties. Identifying and managing financial crime risks and harmful connections can be challenging and resource-intensive. Failure to comply can result in significant financial and reputational damage.
Solution
Tathabbat offers an AI-powered platform designed to streamline and enhance KYF due diligence for businesses operating in Saudi Arabia. The platform leverages advanced data analytics and intelligence to identify and manage risks associated with clients, suppliers, and other third parties. By providing a comprehensive view of potential strategic threats through an ESG and socio-economic lens, Tathabbat helps organizations mitigate exposure to financial crime and ensure compliance with regulatory standards. Tathabbat's solutions include a KYF/AML software platform, in-depth financial crime insight and analysis, ICA-certified financial crime investigations, and outsourced compliance services.
Target Audience
Tathabbat primarily serves businesses in Saudi Arabia that need to comply with Know Your Finance (KYF) and Anti-Money Laundering (AML) regulations, including financial institutions, investment firms, and corporations.
Features
- AI-driven platform for identifying and managing KYF risks
- Multi-layered data approach for comprehensive risk assessment
- Visual risk and connection mapping
- Intuitive AML software platform with plug-and-play functionality
- In-depth investigations and Enhanced Due Diligence (EDD) reports
- Access to ICA-trained MLROs for compliance support
- Analysis of clients, suppliers, and third-parties for related risk exposure