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Banking Digitalization Revolution A way forward

November 15, 2016

The primary steps on the digital banking journey have been largely focused on adding to the existing offering using new, technology-enabled services to increase the accessibility and value for customers. The most noticeable examples are mobile apps, e-wallet solutions, APIs, and personal finance management (PFM) tools. The current business priorities for banks in the digital world is to use the new establishment for increasing profitability and revenue. In this innovative business model, it is crucial to ensure regulatory compliance for smooth and long-term execution. The key challenge in the digital era is to ensure all customers are safeguarded from cybercrimes, and the most advanced cyber securities are employed.

Spotlight

Tookitaki

Tookitaki, founded in 2015, is revolutionizing financial crime detection and prevention for banks and fintechs through our Anti-Money Laundering Suite (AMLS) and Anti-Financial Crime (AFC) Ecosystem. Our unique community-based approach addresses the silos used by criminals to bypass traditional solutions, resulting in a sustainable AML program with holistic risk coverage, sharper detection, and fewer false alerts. We serve some of the most renowned banks and fintech companies in Asia, including a top South Asean bank based out of Singapore, one of the largest digital banks in Philippines, one of the world's largest fintech and payment companies headquartered in China and one of Asia's largest digital banks based out of Singapore. Our innovative technology is designed to adapt to the ever-changing landscape of financial crimes, and we continuously strive to stay ahead of the curve. Our AMLS is designed to be a one-stop-shop for financial institutions looking to meet their AML comp

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Banking Digitalization Revolution A way forward