AML Solutions and Transaction Monitoring Software for Banks
By leveraging advanced AI and data analytics, Tookitaki provides more accurate alerts, enabling banks to effectively detect and prevent financial crime. Stay ahead of regulatory compliance requirements and enhance your risk management capabilities with Tookitaki's cutting-edge solutions for the banking industry. Upgrade your Transaction Monitoring, Screening and Customer Risk Assessment solutions to get more comprehensive risk coverage in real time.
AML in Banking: Tookitaki's Trusted Compliance Solutions
- Escalating Compliance Costs: Banks are contending with annual increases in compliance costs of 15-20%, driving the need for cost-effective regulatory management solutions.
- Stricter Regulatory Mandates: Enhanced focus on individual accountability and the requirement for sophisticated, tech-driven systems for monitoring suspicious activities post-2020.
- Widened Regulatory Scope: Uniform regulatory scrutiny across traditional banks and fintechs necessitates advanced AML strategies.
- FRAML Evolution: The blending of fraud detection and AML practices (FRAML) into complex operational demands calls for innovative, integrated solutions.
Traditional banks are navigating the dual challenge of managing rising compliance costs and meeting complex regulatory demands. Tookitaki's FinCense platform including Smart Alert Management (SAM) caters to these needs by efficiently reducing false positives and operational expenses, while its real-time capabilities ensure rapid response to regulatory changes.
Tookitaki's AML Software Solutions
One-stop-shop for all your needs
AML Transaction Monitoring Software
Customer Risk Scoring
Smart Alert Management
Toolkitaki's AML Software: Trusted Partner for Banking Industry Leaders
Automated AML Solution For Banks, No Manual Rules
With fully automated typologies, let the system do the hard work of optimizing the detection of AML and transaction fraud risk. So you don't have to work out the rules to monitor and the thresholds to use.
Rapid Scenario Onboarding: Deploy in Just 24 Hours
Reduce Compliance Operations Costs by 50%
Use the machine-learning capabilities of FinCense to reduce false alerts and enable your compliance team to focus on material risk. Drastically improving SLAs for compliance reporting (STRs).
The Preferred Solution for Traditional Banks
to stay ahead in the fight against financial crime
The area of AML requires constant vigilance and continual enhancement. The use of RegTech such as Tookitaki’s FinCense enables us to augment our ability to identify actionable alerts and minimise false positives. These sharpen the accuracy and effectiveness of our AML risk management.
Compliance Office of a Singapore Bank