Most Promising Innovation - Silver

Company Profile:

Tookitaki is providing enterprise software solutions that create sustainable compliance programs for the financial services industry. We are innovating the regulatory compliance space by moving beyond rules-based applications and introducing software solutions to maximize efficiency and reduce risks in compliance processes. Our mission is to provide machine learning-powered regulatory compliance solutions that are auditable, scalable and actionable.

Product Description:

Tookitaki Anti-Money Laundering Suite (AMLS) is an end-to-end, machine learning-powered transaction monitoring and screening solution that improves operational efficiency, mitigates the risk of money laundering and reduces the cost of compliance. 

AMLS is a paradigm shift from existing systems and is based on three new concepts, which has the potential revolutionize the industry: 1) new ‘suspicious’ case detection to mitigate the risk of complex money laundering techniques employed by professional criminal cells, 2) smart typology repository to update detection scenarios automatically and 3) intelligent triaging of alerts for faster and efficient alerts disposition. AMLS is built with a design philosophy of providing maximum detection coverage and high alerts yield (low false alerts), while being fully transparent and scalable.