Singapore's Tookitaki Taps Indonesian Market

Summary

Singapore-based regulatory technology (regtech) startup Tookitaki officially expands its business to Indonesia. Tookitaki has been providing solutions to financial institutions in implementing anti-money laundering (AML) practices.

"Indonesia is a market with great potential and the most influential in Southeast Asia. Becoming a member of the Financial Action Task Force (FATF) requires the use of cutting-edge technology that allows the discovery of complex patterns related to indications of money laundering quickly and precisely. We are happy to be part of Indonesia's financial ecosystem and help accelerate Indonesia's efforts to become a member of the FATF," Abhishek Chatterjee, Founder and CEO of Tookitaki, said on Tuesday.

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