Tookitaki

Wishing you a festive season filled with joy, warmth, and cherished moments. Your trust and collaboration inspire us everyday—let’s continue building something extraordinary together in the year ahead! 🎅🎁 #MerryChristmas #HappyHolidays #Tookitaki

As 2024 comes to a close, we’re revisiting the ebooks that inspired compliance professionals to embrace innovation and rethink their strategies. Here are the top picks: 👉 Strengthening AML Compliance Through Technology and Collaboration Discover how advanced technologies like AI, machine learning, and GenAI are helping financial institutions tackle real-time fraud detection, reduce false positives, and meet evolving regulatory demands. https://hubs.la/Q030h--t0 👉 Modernising Financial Crime Prevention with LLMs This ebook serves as a roadmap for using Large Language Models to revolutionise compliance, combining new technology with strategic planning for meaningful change. https://hubs.la/Q030h_1m0 👉 How to Build The Most Effective Screening System A practical guide to leveraging AI-driven screening to overcome operational challenges, enhance accuracy, and simplify name-matching complexities across regions and languages. https://hubs.la/Q030h-Rh0 We’ve gathered them all in one place so you can revisit or catch up on key insights. Here’s to embracing technology and innovation as we step into 2025! 🚀 #FinancialCrimeCompliance #AML #GenAI #FraudPrevention #FinancialTechnology #FinTech #RegTech #Tookitaki #TransactionMonitoring #Screening

New fraud threats. New regulations. Old bottlenecks. Banks are under constant pressure to keep up. But keeping pace with rapidly changing requirements often comes with an operational cost—time. Let’s talk about what’s slowing them down. When a new fraud risk or regulatory requirement comes into play, banks need to onboard new AML scenarios. But the process? It’s far from simple: ⚙️ Pinpointing emerging threats like advanced Account Takeover (ATO) fraud variants ⚙️ Defining risk indicators in rigid, outdated systems ⚙️ Collecting the right data for scenario testing ⚙️ Setting thresholds that balance risk and efficiency ⚙️ Running extensive ATL/BTL tests to ensure accuracy ⚙️ Navigating lengthy review and approval cycles ⚙️ And finally… deploying into production. The result? Delays. While banks are stuck fine-tuning thresholds or battling legacy systems, fraudsters are already ten steps ahead. Every extra day spent onboarding a scenario doesn’t just increase costs—it’s a day lost to risk. At Tookitaki, we’ve seen this play out too often. That’s why we introduced an advanced simulation mode in our transaction monitoring solution—so banks can onboard new AML or Fraud prevention scenarios 50% faster. No more roadblocks. No more wasted time. Just the agility to stay ahead. #AML #Fraud #Compliance #TransactionMonitoring #Tookitaki

Another milestone for Tookitaki! We’re thrilled to be named a Category Leader in the 2024 AML Transaction Monitoring Quadrant. The report recognises Tookitaki as “best-in-class” across critical areas: 🔹 Modelling and risk typology 🔹 Data and system integrations 🔹 Investigations & case management 🔹 Workflow automation This recognition is more than a milestone – it’s a testament to the trust our customers place in us and the collective expertise of the AFC community that fuels our innovation. And we’re just getting started. Together, we’re redefining AML compliance to be smarter, faster, and stronger. Details here: https://hubs.ly/Q02_TJHg0 #AML #FinancialCrime #Innovation #Leader #Tookitaki

Our workshop with the RBI last week spotlighted a critical issue: money mule networks. It’s a problem impacting banks across India—and spreading fast across the region. Last week, we had a great time collaborating with the RBI, on a technology workshop for RBI Officers in #mumbai. we had some insightful discussions about the domestic money mule crisis. The numbers are staggering: 450,000+ mule accounts closed by the RBI in the past 12 months alone. But it’s not just India. Across Asia-Pacific, these networks are expanding rapidly, creating real headaches for compliance teams and financial institutions. We know how complex this fight can be. That’s why we’ve put together an eBook to help: “Stopping Money Mules: A Practical Guide for Financial Institutions.” Here’s what you’ll find inside: 🔹 Real-world scenarios showing how mule networks operate. 🔹 AI-powered detection strategies to act faster and smarter. 🔹 Actionable insights from the AFC Ecosystem to turn knowledge into impact. This guide is designed to help financial institutions protect their systems and stay ahead of one of the fastest-growing financial crime threats. Download the eBook here: https://hubs.la/Q02_Ld-F0 #MoneyMules #FinancialCrime #AML #Compliance #RegTech #AIForCompliance #Banks #FraudPrevention #Tookitaki

Wrapping Up an Incredible Two-Day Workshop with RBI! The past two days have been nothing short of insightful and inspiring. Tookitaki experts had the privilege of engaging with the brilliant associates and leaders at the Reserve Bank of India. RBI is leading the way with several initiatives to strengthen the fight against financial crime. By collaborating with tech leaders and exploring innovative solutions, RBI is setting the stage for a more secure and resilient financial ecosystem. We’re proud to have been part of this meaningful journey. A heartfelt thank you to the RBI team for the kind words and appreciation they shared for Tookitaki during the workshop. Here’s a glimpse of the day’s action—swipe through for highlights from the event! Shailesh Haribhakti [GCB.D] Shubham Saraff #FinCense #FraudPrevention #AML #ComplianceInnovation #RBIWorkshop #Tookitaki

As we continue with our workshop for RBI today, our product experts took a deep dive into FinCense, showcasing its power to transform fraud prevention and compliance operations. The hands-on workshop, led by Ashutosh Singh and Deepak Gupta, brought the platform to life, guiding participants through real-world scenarios. RBI officers explored how FinCense’s unmatched capabilities to help prevent and detect fraud like money mules and account takeover as well as enhance their compliance operations. Stay tuned for more updates! Shailesh Haribhakti [GCB.D] Shubham Saraff #FinCense #FraudPrevention #AML #ComplianceInnovation #RBIWorkshop #Tookitaki

Excited to share the momentum from Day 1 of our workshop with the Reserve Bank of India! We started with Navigating the Evolving Financial Crime Landscape, diving into key challenges and opportunities in fraud risk management. The discussions were insightful, focusing on the tools, strategies, and collaborations needed to tackle emerging threats effectively. 🌐💡 On Day 2, we’re getting hands-on: 1️⃣ Harnessing Collaborative Intelligence with The Anti-Financial Crime Ecosystem, led by Ashutosh Singh, Head of Product. This session includes a hands-on walkthrough of our AFC Ecosystem, showing participants how to leverage shared insights and tools to uncover emerging fraud patterns and build stronger defenses. 2️⃣ Real-Time Fraud Prevention with FinCense, presented by Deepak Gupta, Product Expert. A practical demonstration of how FinCense uses real-time data to detect fraud, reduce false positives, and respond to threats faster and smarter. Stay tuned for more updates as we wrap up this impactful session! 🚀✨ Shailesh Haribhakti [GCB.D] Shubham Saraff #Tookitaki #RBI #FraudRiskManagement #AML #FraudPrevention #CollaborativeIntelligence #Compliance

Our exciting journey with the Reserve Bank of India (RBI) continues, and we’re happy to share a glimpse of Tookitaki’s Founder & CEO, Abhishek Chatterjee in action! 🎤✨ Abhishek emphasised a powerful idea: "To fight a network, we need a network." He highlighted the importance of collaborative intelligence in combating financial crime. As the world of fraud and money laundering evolves, it’s only through united efforts between regulators, institutions, and technology partners that we can stay ahead of the curve. 📅 Stay tuned as we delve deeper into the themes of Supervisory Assessment of FRM Systems. More updates and behind-the-scenes moments are on the way! Together, let’s continue building the network that fights financial crime. 💪🌍 Shailesh Haribhakti [GCB.D] Shubham Saraff #Tookitaki #FraudRiskManagement #CollectiveIntelligence #RegTech #RBIWorkshop #StrongerTogether

🌟Tookitaki Joins Hands with the Reserve Bank of India (RBI)! 🌟 We're thrilled to announce that Tookitaki is conducting a specialised workshop for RBI officers in India! This initiative underscores our commitment to working closely with regulators to create a safer financial ecosystem. 🎯 Theme of the Workshop: Technology Advancements in Fraud Risk Management (FRM) Systems 🕵️♂️📊 Our team, who are experts in policy development and regulatory training along with deep insights derived from our proprietary AFC Ecosystem, is ready to share their knowledge and engage in meaningful discussions with the distinguished officers of the RBI. Stay tuned for updates and highlights from this groundbreaking event! Together, we’re building stronger defenses against financial crime. 🚀✨ Shailesh Haribhakti [GCB.D] Shubham Saraff #Tookitaki #RBI #FraudRiskManagement #FinancialCrimePrevention #RegTech #India #FRM #CollaborationForChange