Tookitaki, a recognized leader in the financial crime prevention industry, has announced that it has rebranded its flagship Anti Money Laundering Suite (AMLS) as FinCense. This strategic move comes in response to the evolving compliance landscape, where Anti-Money Laundering (AML) risks and fraud challenges have converged, and financial institutions are seeking unified solutions to better address these complex issues.
According to Mr. Abhishek Chatterjee, Founder and CEO of Tookitaki, the new name “FinCense” signifies the platform’s ability to sense finance-related suspicious patterns. The transformation from AMLS to FinCense is more than just a name change. It represents a significant advancement in compliance solutions for financial institutions. By offering a powerful solution that combines fraud and AML prevention, FinCense aims to help companies improve their detection rates, reduce operational costs, and prevent fraud in real-time.
FinCense is designed to foster collaboration between fraud and AML prevention, providing a comprehensive platform that can manage the complexities of both domains. This unified approach is especially important for businesses involved in cross-border payments, as financial crime risk protection is crucial in these transactions. FinCense has been carefully crafted to offer real-time protection for both domestic and cross-border payment companies.
Tookitaki serves as a global leader in the fight against financial crime, with its intelligent fraud prevention platform, FinCense, catering to leading financial institutions across 11 countries in Asia, the Middle East, Africa, and the Americas. The platform features an Anti-Financial Crime Ecosystem (AFC), which acts as a community-driven digital repository of global financial crime patterns. By leveraging modern data engineering, FinCense promises real-time responsiveness and superior technical performance to ensure high throughput, security, and availability.
With this rebranding, Tookitaki aims to better position itself as a trusted provider of innovative financial crime prevention solutions. By embracing the new FinCense brand, it hopes to strengthen its global presence and continue delivering cutting-edge fraud and AML prevention technologies to its clientele across the world.
To learn more about FinCense and Tookitaki, watch this video.
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