Next-Gen AML and Fraud Prevention Solution
Meet FinCense - an end-to-end solution to meet your CDD, Screening and Transaction Monitoring needs
Preventing Fraud and Money Laundering at Scale
5 Billion+
Transactions Monitored
400 Million+
Accounts Monitored
2 Million+
Alerts Processed
Trusted By Global Banks and Fintechs
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Stay Ahead of Evolving Fraud and AML Threats
Emerging Threats
Complex Networks
Regulatory Demands
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.
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.
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%.
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%.
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.
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?
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Traditional Bank
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Digital Bank
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Payments
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E-Wallet
Traditional Bank
Compliance Office of a Singapore Bank
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50%
reduction in false positives -
~45%
reduction in overall compliance cost -
Digital Bank
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
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50%
Reduction in time to onboard to new scenario -
Payments
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
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.
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.
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
How To Tackle the Critical AML Challenges in the Philippines
An Analysis of Singapore's Money Laundering Risk Assessment 2024
How To Prevent Account Takeover (ATO) Fraud
The Next Era of Transaction Monitoring
How to Build The Most Effective Screening System
Managing AML/CFT Risks In Cross-Border Payments
Top 5 Transaction Fraud Risk Scenarios in Saudi Arabia
Top 5 Transaction Fraud Risk Scenarios in ASEAN
Navigating Screening Challenges: Part 2
Navigating AML Regulations in Singapore
Dynamic Risk Rating: The AI-Powered Future of CDD
Navigating Screening Challenges: Part 1
Choosing the Right AML Partner: Key Factors to Consider
AFC Ecosystem: Break Silos and Collaborate
Top AML Scenarios in Africa
Top AML Scenarios For Saudi Arabia
Typology Tales: Money Laundering Risks in Traditional Banks
Top Money Laundering Scenarios for ASEAN
Perpetual KYC - The Next Evolution in Risk-based Compliance
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.
Typology Tales: Money Laundering Risks in Digital Banks
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.
Automated Threshold Tuning for Optimal Alert Generation
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.
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.
The Paypers Financial Crime and Fraud Report 2023
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.
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.
Typology Tales: Money Mules and Scams
Powering the Next-Gen of AML Technology with AI
Typology Tales: Loan Repayment
In this infographic, Tookitaki is featuring three typologies, contributed by one of our expert anti-financial crime professionals.