Tookitaki names veteran Joe Friscia to scale US, Asia-Pac expansion
- Written by ACN Newswire
"As modern-day criminals thrive with the aid of new and advanced methods of conducting financial crimes, machine learning-based technology is rapidly gaining traction in helping future-proof and thwart these evolving threats. For this reason, I am both proud and excited to be part of the Tookitaki team and helping them make Sustainable Compliance a reality," commented Joe Friscia.
With his deep wealth of experience in the financial crime space, Joe's presence will be invaluable in building business momentum and driving growth for Tookitaki as it looks to expand its offerings around financial crime use cases. He will contribute to Tookitaki's strength in business and go-to-market strategy to help position Tookitaki as the leading RegTech advisor helping banks detect sophisticated money laundering patterns with best-in-class enterprise software solutions.
Joe joins the current board that includes former CEO of online mortgage broker LendingTree, Tom Reddin and ex-Managing Partner of McKinsey & Company, Inc., Shailesh Kekre. With the guidance of strategic advisors, Tookitaki is positioned to deliver on its vision of revolutionizing regulatory compliance and ensuring sustainable compliance programs for financial institutions globally.
Abhishek Chatterjee, Tookitaki CEO and co-founder said, "Tookitaki is delighted to welcome Joe as part of the family. Our vision has always been to revolutionize regulatory compliance and ensure sustainable compliance for all financial institutions. With Joe at the helm, we are better placed to deliver on this vision while growing our presence significantly across the U.S. and the Asia-Pacific region."
About TookitakiTookitaki is innovating the regulatory compliance space, moving beyond rules-based applications and introducing software solutions that maximize efficiency and reduce risks. Tookitaki's award-winning solutions include an Anti-Money Laundering Suite (AMLS) and a Reconciliation Suite (RS). The Company recently teamed up with Broadridge Financial Solutions, Inc. (NYSE:BR), using their award-winning AI and ML technology to deliver a next-generation platform.
Tookitaki's recent USS11.7 million Series A was co-led by Viola Fintech and SIG, followed by Nomura Holdings' venture arm Nomura Incubation Investment. Others included Illuminate Financial, Jungle Ventures and SEEDs Capital, the venture capital arm of the Singapore government. This strategic fundraise, complemented with Joe's appointment, positions the company to help banking and financial institutions stay 'regulator ready' particularly with rising financial crime complexities.
Media Contacts:KeKommunikation for Tookitaki Asia-PacificTel: +65 6303 0567; E: Tookitaki@kekommunikation.com
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