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Tookitaki’s Anti-financial Crime (AFC) Ecosystem helps Banks and Fintech Fight Financial Crime

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SINGAPORE, Oct. 28, 2024 /PRNewswire/ — An estimated $2 trillion is laundered globally each year, and new financial crime scenarios are emerging every day. Banks and fintechs, with their current approach of operating in silos, are struggling to keep up.

Tookitaki, a global leader in anti-financial crime technology, is reshaping the fight against financial crime globally by building the trust layer for financial services. Tookitaki’s Anti-Financial Crime (AFC) Ecosystem, together with the advanced AI of its flagship solution FinCense, enables institutions to build consumer trust and institutional trust by preventing fraud and combating money laundering.

FinCense integrates seamlessly with the AFC Ecosystem, providing financial institutions with access to a global network of financial crime experts. This unique combination of collaborative intelligence and cutting-edge AI allows institutions to stay ahead of evolving threats while meeting regulatory requirements.

In the Philippines, PayMongo has already seen significant results as one of the first to adopt Tookitaki’s Compliance-as-a-Service (CaaS) deployment model. By leveraging the AFC Ecosystem’s extensive repository of risk scenarios and FinCense’s advanced AI technologies PayMongo has improved threat detection and reduced false positives.

Jojo Malolos, CEO of PayMongo, commented, “As a comprehensive provider of financial tools, safeguarding our partners against evolving threats remains our top priority. By collaborating with the AFC Ecosystem, we gain invaluable global risk insights, allowing us to proactively address emerging risks. This ensures we continue to build trust and confidence with our merchants while delivering secure, innovative solutions.”

Abhishek Chatterjee, Founder and CEO of Tookitaki, stated, “Our platform’s uniqueness lies in harnessing the collaborative intelligence of the AFC Ecosystem. Our success in emerging markets proves the strength of our collaborative model. The AFC Ecosystem empowers financial institutions to adapt quickly to new threats, giving them the tools to scale up their compliance strategies effectively.”

By blending cutting-edge technology with the AFC Ecosystem’s collaborative intelligence, Tookitaki is transforming financial crime prevention across the globe.

About Tookitaki
Tookitaki is transforming financial services by building a robust trust layer that focuses on two crucial pillars: preventing fraud to build consumer trust and combating money laundering to secure institutional trust. Our trust layer leverages collaborative intelligence and a federated AI approach, delivering powerful, AI-driven solutions for real-time fraud detection and AML compliance. Our platform is built on modern data engineering, ensuring real-time responsiveness, higher throughput, security, and availability.

Contact:
marketing@tookitaki.com

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View original content:https://www.prnewswire.co.uk/news-releases/tookitakis-anti-financial-crime-afc-ecosystem-helps-banks-and-fintech-fight-financial-crime-302287326.html

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Diwali Draws Global Crowds to India – Agoda

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SINGAPORE, Oct. 28, 2024 /PRNewswire/ — Digital travel platform Agoda reveals the top searched cities in India for Diwali celebrations, and it’s New Delhi that comes out on top among international visitors.  Goa takes the top spot for domestic travel based on searches made for check-in during the Diwali week celebration. Agoda noted 17% more accommodation searches for Diwali compared to last year’s celebrations.

Diwali, also known as the Festival of Lights, is one of India’s most significant festivals, celebrated with grand festivities, vibrant lights, and cultural events. The festival symbolizes the victory of light over darkness and good over evil, attracting both domestic and international travelers to experience its unique charm.

International travelers showing most interest in experiencing the Diwali celebrations in India come from the United States (#1), United Kingdom (#2), Singapore (#3), Malaysia (#4), and Japan (#5). The top cities in India that inbound travelers are looking to visit for the festivities are New Delhi (#1), Goa (#2), Mumbai (#3), Chennai (#4), and Jaipur (#5). These cities have become focal points for international visitors looking to immerse themselves in the rich cultural heritage and festive spirit of Diwali.

Andrew Smith, Senior Vice President, Supply at Agoda said “Diwali is a time when the world increasingly turns its eyes to India. It comes as no surprise that New Delhi and Goa leading the charge in attracting international and domestic travelers, as both destinations have so much to offer in terms of culture and exploration, especially at this festive time. At Agoda, we love being part of this celebration by helping travelers find the perfect place to stay and experience the magic of Diwali firsthand.”

Domestic travel has seen a 23% rise in accommodation searches compared to last year, with the top destinations for Diwali celebrations being Goa (#1), Udaipur (#2), Mumbai (#3), Pondicherry (#4), and Jaipur (#5). These cities provide a diverse range of experiences, from beachside festivities in Goa to the royal celebrations in Udaipur.

Agoda’s offerings include over 4.5 million holiday properties globally, plus more than 130,000 flight routes, and over 300,000 activities, all of which can be combined in the same booking. Travelers considering a trip to Goa can be inspired via this travel tips page on Agoda’s platform.

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View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/diwali-draws-global-crowds-to-india–agoda-302287082.html

SOURCE Agoda

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Cactus Custody Completes SOC 2 Type II Audit, Reinforcing Security Standards in Digital Asset Custody

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SINGAPORE, Oct. 28, 2024 /PRNewswire/ — Cactus Custody (www.mycactus.com), a licensed digital asset custodian under Hong Kong Trust Company (License No.: TC006789) and provisionally exempt from regulation by the Monetary Authority of Singapore (MAS), has completed the SOC 2 Type II audit led by Deloitte. This accomplishment highlights Cactus Custody’s dedication to providing a secure and compliant environment for digital asset management.

The SOC 2 Type II audit reinforces our ability to meet global security standards, giving clients across APAC and beyond confidence that their digital assets are securely managed in line with industry best practices and regulatory requirements.

“The SOC 2 Type II attestation reflects our unwavering commitment to protecting client assets. It strengthens trust and positions us as a reliable partner in digital asset custody. Managing billions in assets for over 300 institutions, we operate under strict regulatory frameworks governing our platform’s architecture, development, and operations,” said Wendy Jiang, General Manager of Cactus Custody.

Deloitte rigorously conducted the audit based on Security, Availability, and Confidentiality, ensuring Cactus Custody’s compliance with these critical standards.

About Cactus Custody

Cactus Custody, founded by Jihan Wu, is a leading institutional digital asset custody provider. As an ISO-certified custodian and a licensed Hong Kong Trust company (License No.: TC006789), with an exemption from regulation by the Monetary Authority of Singapore (MAS), it meets regulatory capital reserve requirements and adheres to the strict anti-money laundering and counter-terrorist financing regulations. Backed by cutting-edge security architecture, Cactus Custody protects client assets in hot and cold storage. It safeguards billions of dollars in digital assets for over 300 institutions, including top-tier mining companies, mining pools, funds, asset management platforms, and OTC traders.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cactus-custody-completes-soc-2-type-ii-audit-reinforcing-security-standards-in-digital-asset-custody-302287874.html

SOURCE Cactus Custody

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CCTV+: “Opportunities in China”at the Digital Trade Expo

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BEIJING, Oct. 27, 2024 /PRNewswire/ — “Opportunities in China“at the Digital Trade Expo offers a detailed exploration of the Third Global Digital Trade Expo, through the perspectives of a journalist from Kazakhstan, a promoter of Sino-African friendship from Zimbabwe, a second-generation entrepreneur from Thailand, and a Ph.D. researcher in the new media music industry from the UK.

The story highlights Zhejiang’s high-quality development in the private sector and the wealth of opportunities that China has presented to the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cctv-opportunities-in-chinaat-the-digital-trade-expo-302288167.html

SOURCE CCTV+

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