Tookitaki Powers AI-Driven Anti-Money Laundering Solution Using HPE GreenLake

SINGAPORE–()–Hewlett Packard Enterprise (HPE) immediately introduced a key collaboration with Tookitaki, a number one supplier of compliance options for the monetary companies trade, to offer a brand new providing designed for banks and monetary establishments throughout Asia-Pacific. The new providing delivers Tookitaki’s synthetic intelligence (AI) powered anti-money laundering (AML) answer in a safe and versatile as-a-service consumption mannequin utilizing HPE GreenLake for Big Data.

The new answer permits monetary establishments to create a central huge knowledge platform that may carry out AML knowledge analytics and allow AI AML options. Delivering the answer as a service by way of HPE GreenLake affords banks the agility, flexibility and scalability of a cloud expertise whereas offering elevated management, price effectiveness and governance when deploying AI-optimized infrastructure platforms and options on-premises. UOB, a number one financial institution in Asia, is the primary monetary establishment on the earth to have chosen Tookitaki’s AML answer on HPE GreenLake to boost the financial institution’s AML system by way of AI. UOB custom-made Tookitaki’s AI answer to satisfy the financial institution’s wants.

Through the collaboration with Tookitaki and HPE, UOB was in a position to pioneer an AI-enhanced AML system which concurrently applies two AML danger dimensions – transaction monitoring and identify screening. UOB screens 60,000 account names month-to-month utilizing the know-how to find out in the event that they belong to the people or entities on world regulatory watch lists. UOB’s AI-enhanced AML system can now pinpoint extra precisely higher-priority circumstances from the more-than 5,700 common month-to-month suspicious transaction alerts flagged1. This permits the financial institution to deploy extra intentionally and swiftly the required sources in investigating potential cash laundering makes an attempt. The fashions used for identify screening and transaction monitoring have achieved 96% prediction accuracy within the ‘high priority’ class.

Moving from a successful pilot to implementation with UOB is a testament to our collaboration with HPE to optimize machine learning-powered anti-money laundering solutions for financial institutions,” concluded Abhishek Chatterjee, Co-Founder & CEO, Tookitaki, “Together with HPE’s deep domain expertise in big data as-a-service and developing solution blueprints to rapidly design and deploy AI solutions, our systems use a combination of distributed data-parallel architecture and machine learning to ensure scalability across multiple layers of technologies and systems. Banks are able to benefit from this collaboration by implementing high module accuracy systems to ensure they are staying compliant at a time when organizational growth and business continuity are crucial to success.”

Following this profitable collaboration with UOB, HPE and Tookitaki are poised to assist different banks and monetary establishments throughout Asia-Pacific, who’re searching for the enterprise advantages of an enhanced AML answer delivered with the flexibleness of an as-a-service mannequin.

By complementing Tookitaki’s expertise in regulatory compliance with our data analytics platform and our as-a-service offering, HPE GreenLake, we are able to seamlessly bring real world AI solutions that can yield business outcomes to our financial institution customers across the region,” stated Khai Peng Loh, Hewlett Packard Enterprise’s General Manager of Asia Pacific Solution Sales. “We look forward to helping our customers better manage regulatory risks.

HPE GreenLake Cloud Services supplies clients with a strong basis to drive digital transformation by way of an elastic as-a-service platform that may run on-premises, on the edge, or in a colocation facility. HPE GreenLake combines the simplicity and agility of the cloud with the governance, compliance, and visibility that comes with hybrid IT. HPE GreenLake gives a spread of cloud companies that speed up innovation, together with cloud companies for compute, container administration, knowledge safety, HPC, machine studying operations, networking, SAP HANA, storage, VDI, and VMs. The HPE GreenLake Cloud Services enterprise is quickly rising with over $4.2 billion USD in whole contract worth and greater than 700 companions promoting HPE GreenLake. Today, HPE GreenLake has greater than 1000 clients throughout 50 international locations in all trade sectors and sizes together with Fortune 500 firms, authorities and public sector organizations, and small and midmarket enterprises. For extra info on HPE GreenLake, please go to:

About Tookitaki Holding Pte. Ltd.

Tookitaki Holding Pte. Ltd. is offering enterprise software program options within the anti-money laundering (AML) and reconciliation area. Headquartered in Singapore, the startup is innovating the US$100-billion regulatory compliance area by delivering machine learning-powered options which might be actionable, scalable and explainable. In 2020, the corporate gained the Regulation Asia Awards for Excellence, WITSA Global ICT Excellence Award and G20TechSprint accelerator. In 2019, the corporate was chosen as a Technology Pioneer by the World Economic Forum, recognizing its capability to form the AML trade and the area in new and thrilling methods. Tookitaki is backed by institutional buyers like Viola, SIG, Illuminate Financial, Jungle Ventures and Spring Seeds, an funding arm of the Singapore authorities. Visit

About UOB

United Overseas Bank Limited (UOB) is a number one financial institution in Asia with a worldwide community of greater than 500 places of work in 19 international locations and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and thru a sequence of strategic acquisitions. UOB is rated among the many world’s prime banks: Aa1 by Moody’s Investors Service and AA- by each S&P Global Ratings and Fitch Ratings. In Asia, UOB operates by way of its head workplace in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, in addition to branches and consultant places of work throughout the area.

Over greater than eight a long time, generations of UOB staff have carried by way of the entrepreneurial spirit, the give attention to long-term worth creation and an unwavering dedication to do what is correct for our clients and our colleagues.

We imagine in being a accountable monetary companies supplier and we’re dedicated to creating a distinction within the lives of our stakeholders and within the communities wherein we function. Just as we’re devoted to serving to our clients handle their funds properly and to develop their companies, UOB is steadfast in our assist of social growth, significantly within the areas of artwork, kids and training. Visit

About HPE

Hewlett Packard Enterprise is the worldwide edge-to-cloud platform as-a-service firm that helps organizations speed up outcomes by unlocking worth from all of their knowledge, all over the place. Built on a long time of reimagining the long run and innovating to advance the best way we stay and work, HPE delivers distinctive, open and clever know-how options, with a constant expertise throughout all clouds and edges, to assist clients develop new enterprise fashions, have interaction in new methods, and enhance operational efficiency. For extra info, go to:

1 A suspicious transaction alert might flag a single transaction or a set of interrelated transactions. UOB processes a complete of about 30 million transactions each month.


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