Overall Rank: 66
Category Rank: 3
- Top Fintech Company of 2023
Tookitaki is a globally recognized entity in the realm of anti-financial crime. It is the pioneer behind the innovative concept of combating financial crime through an ecosystem or a community-based platform. In this unique ecosystem, industry veterans continually share insights into money laundering and terrorist financing patterns. This collective effort, known as the Anti-Financial Crime (AFC) ecosystem, enables financial institutions to acquire knowledge, collaborate, and utilize typologies to counter emerging financial crime patterns, thereby ensuring their safety and security. The foundation of this ecosystem lies in a federated learning framework, and it drives Tookitaki’s flagship compliance solution, AMLS. AMLS excels at detecting high-quality alerts, thus enhancing the effectiveness and efficiency of anti-money laundering (AML) programs.
Tookitaki’s approach is strategically designed to target the vulnerabilities that criminals exploit and empowers financial institutions to efficiently identify, prevent, and combat money laundering. Their utilization of next-generation technology allows them to provide sustainable AML programs with comprehensive risk coverage and heightened detection accuracy.
Tookitaki harnesses state-of-the-art technology, particularly through AI-powered Anti-Money Laundering (AML) solutions with pattern-based detection. This approach is complemented by their community-driven platform, fostering collaboration among institutions and bolstering their defense against financial crime.
With its portfolio of end-to-end financial crime compliance solutions, Tookitaki caters to the needs of both new-age fintech companies and traditional financial institutions.
Tookitaki offers two core solutions that seamlessly work together to deliver the industry’s only community-driven compliance model.
Our AFC Ecosystem is a collaborative community-based platform fostering collaboration and shared knowledge among professionals and AFC experts dedicated to exposing money trails. It is a first-of-its-kind platform specifically designed for financial crime experts across industry, and across jurisdictions. It allows experts to share money laundering and fraud-related typologies within the community and with the wider industry. This community-based approach to combating financial crime fosters a spirit of collaboration, breaking down traditional silos and facilitating the exchange of knowledge and best practices. This is a no-cost member-only platform.
Anti Money Laundering Suite (AMLS)
The AMLS is an end-to-end operating system that revolutionizes compliance processes for banks and fintechs. This platform leverages advanced technologies to offer a comprehensive solution for financial crime compliance. It is an award-winning, self-adaptive machine learning solution that helps FIs to build a comprehensive risk-based anti-money laundering compliance program. It is an enterprise-wide solution built around three core modules covering screening, risk scoring and transaction monitoring.
Testimonial from UOB
“The area of AML requires constant vigilance and continual enhancement. The use of RegTech such as Tookitaki’s AMLS 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.”
- Clients: 20
- Regions: Offices in Singapore, India, the US, and the UK, Tookitaki has recently established a presence in Indonesia, Taiwan, the Philippines, the UAE, and Brazil.
- Growth %: 250% growth in revenue YoY since CY 2021
- Customer base growing by ~180% YoY
Abhishek Chatterjee, Founder & CEO
Abhishek founded the company in 2014 after a five-year tenure at JPMorgan. In his current capacity, he leads a dedicated team focused on delivering enterprise software solutions that redefine financial crime compliance for financial institutions of varying sizes and operating across different regions. Abhishek’s profound expertise in machine learning techniques is underscored by multiple patents, reflecting his commitment to fighting money laundering and empowering financial institutions with cutting-edge technology to combat illicit financial activities. Beyond his corporate endeavors, Abhishek actively contributes to the entrepreneurial community in Singapore, serving as a mentor to emerging talents through the Pays It Forward Mentorship Program for Startups.
Jeeta Bandopadhyay, Co-Founder & COO
Jeeta is a self-taught technology expert who has been instrumental in the company’s global expansion. With a background in communications and marketing from leading organizations, Jeeta realized her entrepreneurial dream with Tookitaki, where she now serves as COO. Known for her mature and risk-taking mindset, Jeeta acts as a versatile business enabler, ensuring the organization runs efficiently. She brings creative ideas to the table, fosters top-tier processes for daily tasks, and takes a futuristic approach to client acquisition and retention. Beyond her professional endeavors, Jeeta is a strong advocate for women’s empowerment and increased opportunities for women in the tech sector. Her dedication to diversity and inclusion has earned her recognition, including the title of Entrepreneur of the Year at the Women in IT Awards 2020 and inclusion in the Singapore Computer Society’s SG 100 Women in Tech List in 2020.
Joe Friscia, CRO
Joe has been a pivotal contributor for Tookitaki for the past two years, overseeing all revenue-related functions on a global scale. With a distinguished background in assisting executives in business growth, Joe’s previous roles include serving as the President of NICE Actimize, a leading global provider of financial crime solutions. In this capacity, he not only managed a global team but also offered executive-level guidance and product oversight, driving impressive revenue growth in both existing and emerging markets. Before that, he held the position of President at BAE Systems Applied Intelligence Americas, where he was responsible for shaping and executing product strategies, go-to-market approaches, sales initiatives, and partner strategies for a company specializing in risk, fraud, and cybersecurity software solutions.
Eswar S.V., CFO
Eswar is a finance and commercial leader renowned for his deep understanding of technology-driven sectors. His career reflects remarkable adaptability, successfully navigating roles in both Fortune 100 companies and mid-sized multinational corporations. With a focus on strategic leadership, Eswar has effectively managed multicultural teams across the Asia Pacific, consistently aiming to elevate standards and implement best practices. Eswar has held pivotal positions, including Director of Financial Planning and Consolidation at The Walt Disney Company and Director of All Asia Entities at Universal Weather and Aviation, Inc. His expertise is a cornerstone of Tookitaki’s financial operations and strategic direction.
Employee HC: 120+
- Abhishek Chatterjee, Founder and CEO
- Jeeta Bandopadhyay, Co-founder and COO
- Enterprise Singapore
- Supplychain Angels
- 2014: Gets incorporated in Singapore
- 2015: Receives US$1 million seed funds from investors
- 2016: Wins MAS Fintech Awards, CATALYST programme by Societe Generale
- 2017: Opens the first office at Bulim Ave in Singapore
- 2018: Opens US office in Charlotte, successfully completes pilot project at United Overseas Bank
- 2019: Raises US$19.2 m Series A funds, wins World Economic Forum Tech Pioneer title
- 2020: Goes business live with United Overseas Bank, wins G20 TechSprint competition
- 2021: Opens UK office in London, wins Chartis RiskTech100 Rising Star title
- 2022: Thunes acquires majority stake in Tookitaki
News and Press Releases
- Sep 2023: Morabaha Marina partners with Tookitaki for innovative AML capabilities – ThePaypers (Read)
- Aug 2023: Tookitaki launches CaaS solution – ThePaypers (Read)
- Jun 2023: PayMongo enhances compliance with Tookitaki’s AMLS (Read)
- Feb 2023: SKNVibes | Bank of Nevis International becomes first Caribbean Bank to launch Tookitaki Anti-Money Laundering Tech (Read)
NICE Actimize experts apply innovative technology to protect institutions and consumers. Provides real-time fraud prevention, AML detection, and trading surveillance solutions.
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
Feedzai is a data science company that develops real-time machine learning tools to identify fraudulent payment transactions and minimize risk in the financial services, retail, and e-commerce industries.
ThetaRay is transforming the way financial institutions and payment service providers (PSPs) benefit from data with an AI-based SaaS transaction monitoring solution. The growing volume of global money transfers, including online and app-based payments, requires banks and PSPs to deploy sophisticated solutions to identify financial crimes, including money laundering, fraud, and terrorist financing.
ComplyAdvantage is the financial industry’s leading source of AI-driven financial crime risk data and fraud detection technology. ComplyAdvantage’s mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 1000 enterprises in 75 countries rely on ComplyAdvantage to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies. The company identifies thousands of risk events daily from millions of structured and unstructured data points.
Napier, a company specializing in compliance technology, is recognized for its exceptional expertise in the field. Their platform is built upon a foundation of extensive experience and deep industry knowledge. Through their innovative products, Napier effectively enhances efficiency and reduces risk by seamlessly integrating big data technologies with artificial intelligence (AI) and machine learning. This unique combination culminates in the creation of the world’s first genuinely intelligent compliance platform.