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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学国际金融学院教授,中国反洗钱研究中心执行主任,陆家嘴金...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
武汉中南财经政法大学信息安全学院教授。长期专注于反洗钱/反恐...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任安永管理咨询服务合伙...
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上传时间: 2019-11-26      浏览次数:2902次
Anti-Money Laundering Start-Up TookiTaki Raise £9.8 Million


https://www.cbronline.com/news/tookitaki

 

“From our inception, we have remained focused on R&D”

Singapore-based financial compliance and anti-money laundering start-up TookiTaki has received £9.8 million ($11.7) in a series A funding round led by the US fintech venture fund Viola Fintech.

TookiTaki develops and operates machine learning financial compliance and anti-money laundering software for the banking sector. The funding round comes amid sustained investor interest in startups that can use machine learning and other tools to help tackle huge KYC and other regulatory workloads.

TookiTaki’s Anti-Money Laundering Suite (AMLS) is an end-to-end name screening and transaction monitoring system. It uses a mixture of unsupervised and supervised ML techniques to detect suspicious activity.

The platform can also highlight high-risk clients and has achieved a 50 percent drop in false positives for transaction monitoring, according to research by Deloitte.

The latest funding round of £9.8 million brings the company’s total to £14.9 ($19.2) following a funding round last March that was led by the London-based start-up financial technology investor fund Illuminate Financial.

Tomer Michaeli, General Partner at Viola Fintech, who is also set to become a member of TookiTaki’s Board of Directors commented in an emailed release that: “With almost twenty years’ experience that Viola has in the AML sector, we found Tookitaki’s approach to be very unique.

“Its pragmatic way of creating an overlay on top of legacy AML systems helps increase accuracy and significantly lower operating costs for financial institutions. Moreover, its regulator-ready “glass box” solution shows an innovative approach and a deep understanding of the challenges in the modern AML solutions market.”

The company was founded by its CEO Abhishek Chatterjee and Jeeta Bandopadhyay, its current COO. Having worked at JP Morgan during the financial crash of 2008 Chatterjee established TookiTaki to meet the demand for sustainable compliance programs in the banking and financial services industry.

The money from the latest funding round will be used by the firm to ‘aggressively expand’ its R&D team in Singapore, while it simultaneously grows its offices in the US and Europe. Commenting on the investment, CEO Abhishek Chatterjee said: “Sustainability in regulatory compliance is a key question today, as financial institutions try hard to deal with complex transactions, multiple data sources and stringent regulatory demands. FIs keep on spending a lot of time, resources and money on antiquated systems with rules-based work flows and heavy dependency on manual investigation but they have become vexatious for compliance personnel. Not to mention, the huge financial and reputational risk in case of regulatory lapses.”

“We created Tookitaki to help FIs create a sustainable framework by driving effectiveness and efficiency in current compliance programs. From our inception, we have remained focused on research and development (R&D) to provide clients with cutting-edge software solutions that can establish tangible and quick value for investment.”