Navigating the Modern Threat Landscape
Financial crime is evolving fast—and so must our defences. In a world of digital transactions and cross-border complexity, financial institutions face rising pressure to stay compliant, protect customer trust, and keep operational costs under control.
The challenge is no longer just detecting financial crime—it's doing so accurately, in real-time, and at scale.
- Global AML compliance costs exceed $213.9 billion annually
- Money laundering accounts for 2–5% of global GDP
- False positives in traditional systems often exceed 95%
- Regulatory penalties now stretch into the billions
As one compliance officer at a leading Singapore bank put it after implementing Tookitaki: “The challenge isn't just detection—it’s doing it efficiently while preserving customer experience.”
Breaking the Silos: FRAML in Action
Traditional compliance teams treat fraud and AML as separate challenges. The result? Duplicated processes, fragmented risk views, and missed red flags.
Tookitaki’s approach unites both functions under a single strategy - FRAML (Fraud + AML)—breaking down silos and enabling a more intelligent, agile response to threats.
Here’s what that shift looks like:
- Instead of isolated teams and data → You get a unified view of customer risk
- Instead of reactive alerting → You act with proactive prevention
- Instead of endless false positives → You benefit from AI-powered precision
- Instead of manual triage → You streamline investigation with automation
- Instead of partial risk coverage → You achieve full typology-driven detection
With FRAML, financial crime prevention becomes smarter, faster, and more effective.
AI + ML: Redefining Financial Crime Prevention
At the heart of Tookitaki’s FRAML platform is advanced AI and machine learning—designed to surface real threats and reduce noise.
Here's what this looks like in practice:
- Analyses billions of transactions in real-time
- Identifies anomalies invisible to rule-based systems
- Continuously learns and adapts to emerging threats
- Cuts false positives by up to 90%
- Scales to 200+ transactions per second
- Automates investigations and improves alert quality
As a payment services provider shared: “FinCense’s real-time detection is a game-changer—it keeps our compliance operations sharp at scale.”
Collective Defence: The Power of Community Intelligence
Tookitaki doesn’t just rely on algorithms. It leverages the strength of the AFC Ecosystem—a community-driven compliance network that enables secure collaboration across institutions.
This means your institution can:
- Access continuously updated scenarios
- Share insights safely without exposing sensitive data
- Detect emerging typologies faster than ever
- Achieve 100% typology coverage across AML and fraud
With industry leaders like Grab, Tencent, and Boost on board, the AFC Ecosystem empowers every member to stay ahead of fast-moving threats.
What a Modern Financial Crime Solution Looks Like
Tookitaki’s FinCense platform is designed to cover the full compliance lifecycle:
1. Customer Onboarding & KYC
- Name screening across global watchlists
- Multilingual support and fuzzy matching
- Document verification and biometrics
- Risk-based scoring for smarter onboarding
2. Transaction Monitoring
- AI-driven behavioural analysis
- Cross-channel visibility
- Real-time alerting for suspicious activity
- High accuracy even in high-volume environments
3. Customer Risk Scoring
- Dynamic scoring that adapts to behaviour
- Unified view of risk across accounts
- Transparent rationale behind every score
- Automation-ready for faster decisions
4. Alert Management & Case Investigation
- Prioritised alerts by risk level
- Evidence gathering automated at the source
- Workflow-driven investigations
- Full audit trails and compliance-ready reporting
5. Regulatory Reporting
- Automated STR/SAR generation
- Regulatory calendar tracking
- Jurisdiction-specific filing support
- End-to-end traceability and audit readiness
How Tookitaki Compares in the Market
The financial crime tech space is crowded—but not all platforms are built alike.
Tookitaki stands out with its FRAML-first design, community intelligence, and real-time AI processing. It’s trusted by banks, digital banks, and payment providers across Asia and beyond.
Other solutions bring niche strengths:
- ComplyAdvantage focuses on global data and API-first workflows, ideal for fintechs and crypto players.
- Featurespace excels in behavioural analytics, mainly for fraud prevention.
- NICE Actimize offers enterprise scale and strong regulatory expertise, suited for large institutions.
- Quantexa leverages network analytics for contextual risk insights, particularly for entity resolution use cases.
But none match Tookitaki’s combined depth in end-to-end compliance, real-time detection, and community-sourced intelligence.
Real-World Results: What Customers Are Seeing
Traditional Bank – Singapore
- 50% fewer false positives
- 45% drop in compliance costs
- Sharper detection of genuine risk
“RegTech like Tookitaki’s FinCense sharpens both our detection and our confidence in alerts.”
Digital Bank
- 100% risk coverage from day one
- 50% faster scenario deployment
- Fully scalable compliance ops
“For a new digital bank, FinCense helped us hit the ground running.”
E-Wallet Provider
- 90% alert accuracy
- Unified platform for fraud and AML
- 50% less time to operationalise new scenarios
Choosing the Right Solution: What to Look For
Before investing in a compliance solution, ask these questions:
-
Can it scale with my business?
Real-time, high-throughput processing is a must. -
Will it fit into my current tech stack?
API-first, cloud-native or hybrid deployment options make a big difference. -
What’s the total cost of ownership?
Look beyond licensing—factor in savings from reduced false positives and operational gains. -
Does it support multiple regulators?
Global institutions need flexibility and alignment across regions. -
Is it user-friendly?
Investigation tools, workflows, and dashboards must be intuitive and audit-ready.
What’s Next: Trends Shaping Financial Crime Prevention
Looking ahead, several shifts are redefining the compliance landscape:
- Outcome-based regulation: Effectiveness over checkbox compliance
- Wider adoption of FRAML across financial institutions
- Explainable AI for transparent decisions and auditability
- Real-time action over post-event detection
- Greater collaboration across the ecosystem
Final Word: Building the Trust Layer for Finance
Financial crime prevention isn’t just about meeting regulatory obligations—it’s about safeguarding the very foundation of trust in financial systems.
Tookitaki’s FRAML platform, powered by collaborative intelligence and proven AI, enables institutions to:
- Detect faster and more accurately
- Operate at scale with confidence
- Reduce costs without cutting corners
- Stay ahead of evolving threats
In a digital-first world, trust is your most valuable currency. With the right platform, you can protect it—proactively, intelligently, and together.
Content that might peak your interest
