About Tookitaki

Tookitaki offers a financial crime prevention platform that utilizes a Federated AI Approach to enhance the detection and prevention of money laundering and fraud across billions of transactions. By integrating real-time transaction monitoring, customer due diligence, and automated reporting, the platform significantly reduces false positives by up to 90% and ensures comprehensive compliance for banks and fintech companies.

<problem> Financial institutions face increasing challenges in combating financial crime, including money laundering and fraud, due to the rising volume and complexity of transactions. Traditional rule-based systems often generate high false positive rates, leading to inefficiencies and increased operational costs for compliance teams. </problem> <solution> Tookitaki offers an AI-powered anti-financial crime (AFC) platform, FinCense, that enhances the detection and prevention of money laundering and fraud. The platform uses a Federated AI approach, leveraging collaborative intelligence from a network of financial institutions to provide comprehensive risk coverage. By integrating onboarding, screening, transaction monitoring, fraud prevention, and dynamic risk scoring into a single solution, Tookitaki enables real-time compliance and reduces false positives. The platform automates investigation and reporting, streamlining compliance operations and reducing regulatory risks for banks, digital banks, e-wallets, payment platforms, and lending institutions. </solution> <features> - AI/ML-driven transaction monitoring that processes over 200 transactions per second (TPS) - Real-time fraud prevention across 50+ fraud scenarios, including account takeovers and money mules - Smart screening capabilities for names and payments - Dynamic risk scoring for enhanced customer due diligence (CDD) - Smart alert management and case manager for efficient investigation and reporting - AFC Ecosystem that leverages community-driven intelligence for up-to-date defense mechanisms - Comprehensive AML coverage from onboarding to offboarding - 90% reduction in false positives </features> <target_audience> Tookitaki primarily serves banks, digital banks, e-wallets, payment platforms, and lending institutions seeking to enhance their financial crime prevention capabilities and ensure regulatory compliance. </target_audience>

What does Tookitaki do?

When was Tookitaki founded?

Tookitaki was founded in 2014.

Founded

2014

Employees

109 employees

Major Investors

True Global Ventures (TGV)

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Tookitaki

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Executive Summary

tookitaki.com 30K+

Crunchbase

Founded 2014

Funding

Major Investors

True Global Ventures (TGV)

Team (100+)

No team information available.

Company Description

Problem

Financial institutions face increasing challenges in combating financial crime, including money laundering and fraud, due to the rising volume and complexity of transactions. Traditional rule-based systems often generate high false positive rates, leading to inefficiencies and increased operational costs for compliance teams.

Solution

Tookitaki offers an AI-powered anti-financial crime (AFC) platform, FinCense, that enhances the detection and prevention of money laundering and fraud. The platform uses a Federated AI approach, leveraging collaborative intelligence from a network of financial institutions to provide comprehensive risk coverage. By integrating onboarding, screening, transaction monitoring, fraud prevention, and dynamic risk scoring into a single solution, Tookitaki enables real-time compliance and reduces false positives. The platform automates investigation and reporting, streamlining compliance operations and reducing regulatory risks for banks, digital banks, e-wallets, payment platforms, and lending institutions.

Features

AI/ML-driven transaction monitoring that processes over 200 transactions per second (TPS)

Real-time fraud prevention across 50+ fraud scenarios, including account takeovers and money mules

Smart screening capabilities for names and payments

Dynamic risk scoring for enhanced customer due diligence (CDD)

Smart alert management and case manager for efficient investigation and reporting

AFC Ecosystem that leverages community-driven intelligence for up-to-date defense mechanisms

Comprehensive AML coverage from onboarding to offboarding

90% reduction in false positives

Target Audience

Tookitaki primarily serves banks, digital banks, e-wallets, payment platforms, and lending institutions seeking to enhance their financial crime prevention capabilities and ensure regulatory compliance.