WiAdvance Partners with Tookitaki to Drive AI-Powered Financial Fraud Prevention

TAIPEI, Taiwan - March 27, 2025 - PRLog -- WiAdvance, an innovative cloud service company of Wistron Group today announced a partnership with Tookitaki, a global leader in anti-money laundering (AML) and financial crime prevention technologies. The strategic partnership will leverage AI and cloud computing to help financial institutions strengthen AML and fraud detection capabilities, enhance defense mechanisms, and address the growing complexity of financial crime.

With the rapid advancement of digital finance, global financial institutions are facing multiple challenges, including cyberattacks, fraudulent activities, and regulatory compliance pressures. The surge in digital transactions has made financial crime patterns more complex and harder to detect, rendering traditional risk control methods are no longer able to cope with today's threat environment.

Through this partnership, WiAdvance and Tookitaki will provide financial institutions with smarter and more efficient anti-financial crime solutions by utilizing AI-driven monitoring mechanisms and cloud computing capabilities.

WiAdvance has long been dedicated to the development of cloud technologies and industry digital transformation, offering secure and flexible vertical application solutions to enterprises. Tookitaki specializes in building the trust layer for financial institutions. By leveraging collaborative intelligence and a federated AI approach, Tookitaki delivers powerful, AI-driven solutions for real-time fraud detection and AML (Anti-Money Laundering) compliance.

This partnership combines the strengths of both parties' technologies to provide more advanced AML and risk management solutions, boosting the financial industry's ability to counter risks, and defend against cyberattacks and financial crimes.

"Financial crime techniques are evolving rapidly, and traditional defense are no longer sufficient to address today's threats. Our partnership with WiAdvance will deliver more effective anti-financial crime solutions to financial institutions in Taiwan and the Asia-Pacific region. AI-driven monitoring will enhance transaction anomaly detection, reduce false positives, and streamline compliance," said Abhishek Chatterjee, Founder and CEO of Tookitaki.

"In the digital finance era, cloud and data security are crucial for financial institutions. We are excited to partner with Tookitaki, combining their cutting-edge AI technology with our digital transformation expertise to strengthen the security ecosystem for the digital finance sector," said Michael Hsia, President of WiAdvance.

About WiAdvance

WiAdvance Technology, a subsidiary of Wistron Corporation, is an innovative cloud services company headquartered in Taiwan. Based on Cloud, Data and AI technology, WiAdvance provides cloud-based service and vertical solutions which suit various industries and operational scenarios, enabling the customers to boost the business in today's ever-changing world. WiAdvance boasts a robust cloud technology team and extensive experience in field deployment. The company has developed deep expertise in vertical industry applications, including smart manufacturing, smart healthcare, smart retail, and smart cities/agriculture. More info: https://www.wiadvance.com/