Next-Gen AML and Fraud Prevention Solution

        Meet FinCense - an end-to-end solution to meet your CDD, Screening and Transaction Monitoring needs

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        Preventing Fraud and Money Laundering at Scale

         

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        5 Billion+

        Transactions Monitored

         

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        400 Million+

        Accounts Monitored

         

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        2 Million+

        Alerts Processed

        Trusted By Global Banks and Fintechs

        • UOB

           

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        • Paymongo

           

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        • Mayabank

           

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        • Tencent

           

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        • Hakrinbank

           

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        • Fubon

           

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        • Customer Logos (1)

           

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        • Hibank

           

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        • Mrna logo

           

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        • BONI Logo

           

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        • Aeon

           

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        • Qashier

           

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        Stay Ahead of Evolving Fraud and AML Threats

        Emerging Threats
        New and sophisticated fraud patterns and money laundering techniques emerge regularly, challenging conventional detection systems.
        Complex Networks
        The global nature of financial transactions adds complexity to AML compliance and fraud detection efforts.
        Regulatory Demands
        Heightened regulatory scrutiny demands robust compliance strategies and advanced technological solutions.

        Introducing Tookitaki Fincense

        Comprehensive | Accurate | Scalable

        Stay Ahead Of Threats
        Benefit from our Anti-Financial Crime (AFC) Ecosystem, a unique community-driven digital repository of financial crime patterns. This collaborative network provides access to the latest AML and fraud typologies, ensuring your institution stays ahead of emerging threats.

        Accurately Detect Risk In Real Time
        With advanced AI and machine learning, FinCense ensures precise and timely threat detection, safeguarding your assets and reputation. Our system boasts over 90% accuracy in real-time detection and prevention of suspicious activities.

        Scale Seamlessly
        FinCense’s powerful, modern data technology stack enables rapid deployment and scalability across your enterprise. 

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        AML

        Revolutionise Your AML Compliance with FinCense

        Efficient, Accurate, and Scalable AML Solutions for Banks and Fintechs

         

        100% Risk Coverage for AML Compliance

        Achieve 100% risk coverage for all AML compliance scenarios by leveraging Tookitaki's AFC Ecosystem, ensuring comprehensive and up-to-date protection against financial crimes.

         

        Reduce Compliance Operations Costs by 50%

        Leverage FinCense's machine-learning capabilities to reduce false positives and focus on material risks, drastically improving SLAs for compliance reporting (STRs).

         

        Achieve Unmatched 90% Accuracy in AML Compliance

        Our AI-driven AML solution ensures real-time detection of suspicious activities with over 90% accuracy.

        Protect Your Financial Institution with Advanced Fraud Prevention

        Comprehensive, Real-Time Fraud Prevention for Banks and Fintechs

         

        Real-Time Fraud Prevention 

        Screen customers and prevent transaction fraud in real time with Tookitaki's advanced AI, achieving 90% accuracy for robust and reliable fraud protection.

         

        Comprehensive Risk Coverage

        Utilise advanced AI algorithms and machine learning to ensure comprehensive fraud detection, covering all potential risk scenarios.

         

        Seamless Integration and Efficiency

        Easily integrate with existing systems to streamline operations and allow your compliance team to focus on significant threats.

        FRAUD

        What Does This Mean For You?

        100%

        Risk Coverage

        (Industry average: 50-60%)

        90%

        False Positive Reduction

        (Industry average: 50%)

        200

        Transactions Per Second

        (Industry average: 50 TPS)

        Our Solutions

        TRANSACTION MONITORING

        • Leverage the AFC Ecosystem for 100% coverage using the latest typologies from global experts.
        • Monitor billions of transactions in real time to effectively mitigate fraud and money laundering risks.
        • Utilise an automated sandbox to test scenarios, reducing deployment effort by 70% and cutting false positives by 90%.
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        ONBOARDING SUITE

        • Screen multiple customer attributes in real time such as name, address, gender, date of birth/ incorporation and more, reducing false positives by 90%.
        • Get accurate risk profiles for millions of customers in real-time with exhaustive pre-configured rules on KYC data.
        • Integrate smoothly with KYC/onboarding systems using real-time APIs.

        SMART SCREENING

        • Ensure regulatory compliance by accurately matching customers against sanctions, PEP, and Adverse Media lists in 25+ languages.
        • Use pre-packaged or custom watchlist data, and easily test and deploy new configurations with the built-in sandbox, reducing effort by 70%.
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        CUSTOMER RISK SCORING

        • Make informed decisions with accurate customer risk profiles based on Customer, transaction, network, Counterparty data and more.
        • Visualise hidden risks and complex relationships with network visualisation.
        • Achieve precise 360-degree risk profile using a dynamic risk engine with unsupervised and supervised models, and leverage 200+ pre-configured rules with the flexibility to add custom rules for business-specific risks.

        SMART ALERT MANAGEMENT

        • Using powerful AI engine reduce false positives by up to 70% using advanced machine learning models.
        • Benefit from a self-learning mechanism that maintains high accuracy over time, and an explainable AI framework for transparent alert analysis.
        • Seamlessly integrate with existing systems using standardised data models and built-in connectors for faster go-live.
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        CASE MANAGER

        • Access all relevant case information in one place with alerts aggregated at a customer level. Investigate customers, not individual alerts.
        • Automate STR report generation and manage low-risk alerts efficiently.
        • Achieve a 40% reduction in investigation handling time while gaining real-time visibility of alerts and case lifecycle with a dynamic dashboard.

        What Do Our Customers Say?

        Traditional Bank

        Client Testimonial
        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​

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        • 50%

          reduction in false positives
        • ~45%

          reduction in overall compliance cost

        Digital Bank

        Client Testimonial

        For a new business like ours, Tookitaki's FinCense has been a perfect partner to help us effectively manage our compliance needs.

        Digital Bank Client

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        • 100%

          Risk coverage for transactions

        • 50%

          Reduction in time to onboard to new scenario

        Payments

        Client Testimonial

        FinCense's ability to detect AML and fraud risk accurately in real time allows us to maintain the performance of the system at scale. It has been a game-changer for us.

        Payment Services Client

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        • 70%

          Reduction in effort on threshold tuning and scenario testing
        • 90%

          Reduction in false positives

        E-Wallet

        Client Testimonial

        Tookitaki helped us simplify our compliance operations by providing us with a single platform that effectively manages all fraud and AML processes.

        E-Wallet Client

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        • 90%

          Accuracy in  high-quality alerts
        • 50%

          Reduction in time to onboard to new scenario

        Frequently Asked Questions

        Have Question? We are here to help

        How can I book a demo for Tookitaki's FinCense?

        You can book a demo for Tookitaki's FinCense by contacting our sales team.

        What are the key features and functionalities of FinCense offered by Tookitaki?

        FinCense by Tookitaki offers key features such as advanced transaction monitoring, customer risk scoring, customer due diligence, and case management.

        How can FinCense help my organization in detecting and preventing money laundering activities?

        The various modules of FinCense use best-in-class detection techniques that help your organization prevent money laundering activities, minimize risks and enhance compliance efforts.

        Are there any specific industry regulations or compliance standards that FinCense caters to?

        Yes, FinCense is developed keeping in various industry regulations and compliance standards across the globe. It can easily adapt to regulatory changes.

        Can FinCense be customized to meet the specific needs and requirements of my organization?

        Absolutely, FinCense can be customized to align with the specific needs and requirements of your organization.

        What data sources does FinCense leverage to enhance its detection capabilities?

        FinCense can integrate any number of internal and external data sources to enhance its detection capabilities.

        How does FinCense handle false positives and reduce the number of false alerts?

        The Smart Alert Management feature of FinCense employs advanced machine learning algorithms to reduce false positives and optimize alert accuracy.

        Are there any integration capabilities with other systems or tools within my organization for seamless implementation?

        Yes, FinCense offers integration capabilities with other systems or tools within your organization for a seamless implementation process.

        What is the typical duration of a demo session for FinCense, and what can I expect to see during the demo?

        A typical demo session for FinCense varies, and during the demo, you can expect to see live examples of its features, functionalities, and how it addresses your organization's needs.

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        How does AMLS help you?

        Scale Up Faster

        The detection component of our AMLS called “Intelligent Alert Detection (IAD)” is an end-to-end suite of primary AML compliance solutions that work together seamlessly to protect your business from onboarding and ongoing AML risks without needing a large compliance team.

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        Reduce Your Compliance Cost

        AMLS can also serve as a secondary AML compliance solution that will help your compliance team to sift through the large alert volumes generated by your primary AML compliance solution, identify false positives and focus on high priority risk alerts.

        Our Thought Leadership Guides

        Whitepaper

        Financial Crime Landscape in the Philippines: Q3 2024

        Our whitepaper provides an in-depth view of financial crime trends and outlines a path forward for financial institutions in the Philippines.
        Learn More
        E-book

        Stopping Money Mules: A Practical Guide for Financial Institutions

        This ebook provides a detailed analysis of the challenges that financial institutions face in addressing money mule networks.
        Learn More
        Whitepaper

        Modernising Financial Crime Prevention with Large Language Models

        This whitepaper discusses how LLMs can revolutionise financial crime compliance with the right strategy.
        Learn More
        E-book

        Strengthening AML Compliance Through Technology

        This eBook discusses how advanced technologies are transforming financial crime compliance.
        Learn More
        Whitepaper

        How To Tackle the Critical AML Challenges in the Philippines

        This whitepaper provides a comprehensive view of where the Philippines stands.
        Learn More
        Whitepaper

        An Analysis of Singapore's Money Laundering Risk Assessment 2024

        This whitepaper offers a detailed analysis of case studies in Singapore's National Risk Assessment 2024.
        Learn More
        E-book

        How To Prevent Account Takeover (ATO) Fraud

        This eBook provides banks with the strategies required to protect their operations against ATO Fraud.
        Learn More
        E-book

        The Next Era of Transaction Monitoring

        This eBook delves into the transformative impact of AI on transaction monitoring, revealing how technology redefines strategies to combat financial crime.
        Learn More
        E-book

        How to Build The Most Effective Screening System

        This eBook serves as an essential resource for compliance and AML professionals looking to harness AI-driven screening within their institutions.
        Learn More
        E-book

        Managing AML/CFT Risks In Cross-Border Payments

        This e-book analyzes the AML/CFT risks inherent in cross-border transactions and examines best practices to mitigate them.
        Learn More
        E-book

        Top 5 Transaction Fraud Risk Scenarios in Saudi Arabia

        Download this ebook to get a detailed understanding of the fraud scenarios in Saudi Arabia and the key red flags you must track to prevent these threats.
        Learn More
        E-book

        Top 5 Transaction Fraud Risk Scenarios in ASEAN

        Download this ebook to get a detailed understanding of the fraud scenarios in ASEAN and the key red flags you must track to prevent these threats.
        Learn More
        E-book

        Navigating Screening Challenges: Part 2

        This eBook offers insights into harnessing AI/ML to simplify screening in an evolving compliance landscape.
        Learn More
        E-book

        Navigating AML Regulations in Singapore

        This eBook offers a comprehensive overview of Singapore's AML regulations, providing sector-specific regulations and offering insights for managing AML risks.
        Learn More
        E-book

        Dynamic Risk Rating: The AI-Powered Future of CDD

        In this eBook, we unveil the synergy between compliance and innovation, focusing on harnessing AI/ML for a perpetual KYC process.
        Learn More
        E-book

        Navigating Screening Challenges: Part 1

        In this ebook, we discuss the essential role of screening in maintaining anti-money laundering (AML) compliance and preventing financial crimes.
        Learn More
        E-book

        Choosing the Right AML Partner: Key Factors to Consider

        In this e-book, we uncover the key factors that ensure a successful AML partnership.
        Learn More
        E-book

        AFC Ecosystem: Break Silos and Collaborate

        In this e-book, we explore Tookitaki’s AFC Ecosystem, which is a step to enable compliance teams to holistically tackle all financial crime challenges.
        Learn More
        E-book

        Top AML Scenarios in Africa

        This ebook delves into the financial crime scene in Africa and identifies the primary risk scenarios prevalent in the region.
        Learn More
        E-book

        Top AML Scenarios For Saudi Arabia

        This ebook delves into the financial crime scene in Saudi Arabia and identifies the primary risk scenarios prevalent in the region.
        Learn More
        E-book

        Typology Tales: Money Laundering Risks in Traditional Banks

        In this e-book, we uncover the hidden risks of money laundering in traditional banks. 
        Learn More
        E-book

        Top Money Laundering Scenarios for ASEAN

        This ebook delves into the financial crime scene in the ASEAN region and identifies the primary risk scenarios prevalent in the region.
        Learn More
        E-book

        Perpetual KYC - The Next Evolution in Risk-based Compliance

        In this ebook, we explore how the transition to a Perpetual KYC process can transcend the limitations of conventional methods of customer due diligence.
        Learn More
        Infographic

        Typology Tales: High-Risk Countries and Customers

        In this infographic, Tookitaki is featuring three typologies, contributed by one of our expert anti-financial crime professionals.

        Learn More
        E-book

        Typology Tales: Money Laundering Risks in Digital Banks

        In this e-book, we uncover the hidden risks of money laundering in digital banks.
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        E-book

        Prospect Screening in Real Time for Effective Risk Management

        This e-book will provide an overview of prospect screening and explain the business case for real-time screening.

        Learn More
        E-book

        Automated Threshold Tuning for Optimal Alert Generation

        This e-book discusses how Tookitaki's auto threshold tuning solution streamlines AML process and enhances the alert detection capabilities.
        Learn More
        E-book

        Anti-Money Laundering (AML): A Guide for Banks and Fintechs

        This e-book explores how banks and fintech companies can ensure AML compliance at a time when regulators change regulations.

        Learn More
        Guide

        Customer Due Diligence (CDD) for Banks and Fintech Companies

        This guide explores the meaning of CDD, the importance of CDD, CDD methods and how financial institutions can build an effective CDD programmes.

        Learn More
        Report

        The Paypers Financial Crime and Fraud Report 2023

        This report gathers the brightest minds in the industry to explore challenges and best practices in combating financial crime and fraud.
        Learn More
        Guide

        The Role of Anti-Money Laundering Software in AML Compliance

        This guide explores how technology can help financial institutions to manage anti-money laundering (AML) compliance. 

        Learn More
        E-book

        Suspicious Activity Report (SAR): What You Need to Know

        This e-book explores what constitutes a suspicious activity, who is required to file a SAR, and the SAR decision making process.

        Learn More
        E-book

        Typology Tales: Money Mules and Scams

        This ebook provides essential information on the dangers of scams, money mule scenarios, and other money laundering techniques. 
        Learn More
        Whitepaper

        Powering the Next-Gen of AML Technology with AI

        This report elucidates how our solution complements the existing rules-driven primary system for easy operationalisation.
        Learn More
        Infographic

        Typology Tales: Loan Repayment

        In this infographic, Tookitaki is featuring three typologies, contributed by one of our expert anti-financial crime professionals.

        Learn More
        E-book

        Money Laundering Risks in E-wallets and Digital Payments

        This e-book explores real-life typology tales, revealing criminals' innovative methods to exploit popular payment platforms.
        Learn More
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        Ready to Streamline Your

        Anti-Financial Crime Compliance?