COUNTRY FOCUS : CARIBBEAN
BONI joins other leading global banks to deploy next-generation AML technology , including AI learning , to combat financial crime .
Bank of Nevis International ( BONI ) is fi bank to launch Tookitaki anti-money la
Caribbean tropical island beach , Saona , Dominican Republic
Bank of Nevis International ( BONI ) – a leading provider of holistic wealth management and portfolio management services for clients around the world – has partnered with Singaporebased Tookitaki to become the first Caribbean bank to launch the tech firm ’ s award-winning Anti-Money Laundering Suite ( AMLS ).
AMLS provides holistic risk coverage , sharper detection and significantly fewer false alerts than legacy financial crime detection systems . By using AMLS , BONI is joining other leading banks and fintechs from across the
Tookitaki AMLS enables BONI to harness the power of nextgeneration technology , including AI learning , to meet rapidly evolving compliance requirements . globe to build agile and scalable compliance programs and achieve new levels of accuracy and speed .
Deji F . Akadiri , VP Fintech and Security , BONI , said : “ Current legacy financial crime detection systems are not able to keep pace with emerging compliance challenges such as sophisticated money laundering techniques and a fragmented regulatory landscape . Tookitaki AMLS enables BONI to harness the power of next-generation technology , including AI learning , to meet rapidly evolving compliance requirements .
“ For our customers , the benefits include a streamlined customer experience , a reduction in false positives , significantly quicker onboarding and vetting and confidence that BONI is using class-leading proven technology that will continue to learn from changing and evolving data .”
Abhishek Chatterjee , CEO and Founder , Tookitaki , said : “ We are beyond thrilled to extend our partnership landscape in the LATAM region and collaborate with
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