Strategic funding to accelerate Tookitaki's growth and drive innovation in financial crime prevention across Asia.
SINGAPORE, Oct. 21, 2024 /PRNewswire/ -- True Global Ventures (TGV) Opportunity Fund, a global venture capital firm specializing in transformative technologies, has made a strategic investment in Tookitaki, a leader in anti-financial crime software. This capital will fuel Tookitaki's rapid expansion and continued innovation across Asia, as financial institutions face mounting regulatory pressures to combat increasingly sophisticated financial crimes.
The capital injection, which comes as Tookitaki reaches its 10-year anniversary, will support Tookitaki's mission to deliver cutting-edge anti-financial crime solutions to financial institutions in these regions, where compliance with anti-money laundering (AML) and fraud prevention regulations is becoming increasingly critical. Tookitaki has monitored over 10 billion transactions across 100 million consumers amongst its clients. The capital will be key to expanding Tookitaki's footprint in key Asian markets, supporting its mission to deliver cutting-edge financial crime solutions to banks and fintech companies in the region.
Beatrice Lion, General Partner of True Global Ventures, stated:
"Our investment in Tookitaki reflects our confidence in their groundbreaking technology and unique ability to tackle financial crime across Asia's key markets. As regulatory standards tighten and financial crime evolves, Tookitaki's platforms provide scalable, AI-driven solutions for AML and fraud prevention that will help institutions stay ahead of these challenges. We are excited to support their journey of growth."
Abhishek Chatterjee, Founder and CEO of Tookitaki, commented:
"We are thrilled to welcome True Global Ventures as we continue our growth trajectory. This partnership comes at a pivotal time for Tookitaki, allowing us to expand our reach in key Asian markets and further enhance our FinCense and AFC Ecosystem platforms. TGV's deep expertise in scaling technology businesses globally will be invaluable as we continue to empower financial institutions with the tools they need to effectively combat financial crime. We're excited for the next phase of this journey."
Tookitaki: Revolutionizing Financial Crime Detection and Prevention in Asia
FinCense platform offers a robust, AI-driven solution for AML and fraud prevention, enabling financial institutions to identify and address financial crime with greater accuracy and efficiency. The AFC Ecosystem, brings together industry experts and institutions to continuously update and refine crime detection models, offering real-time unparalleled collective intelligence.
Both platforms employ Tookitaki's federated learning approach, allowing institutions to leverage insights from diverse datasets without compromising data privacy, a critical factor in today's heavily regulated financial landscape. This ensures financial institutions can meet compliance standards while benefiting from cutting-edge crime detection technology that adapts to new threats.
https://www.tookitaki.com/
About True Global Ventures:
True Global Ventures is a global venture capital firm with a focus on technology-driven businesses, particularly in AI, blockchain, and other disruptive industries. The TGV Opportunity Fund invests in late-stage technology companies with the potential to drive transformative change. With a strong track record of supporting AI-driven ventures, TGV helps businesses deliver meaningful impact across industries.
www.tgv4plus.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Tookitaki, AI Compliance Solution Drives Expansion Across Key Asian Markets with Funding from True Global Ventures
Tookitaki, AI Compliance Solution Drives Expansion Across Key Asian Markets with Funding from True Global Ventures
Tookitaki, AI Compliance Solution Drives Expansion Across Key Asian Markets with Funding from True Global Ventures
LAS VEGAS TO HOST WTT GRAND SMASH, LEADING THE SPORT'S EXPANDING FOOTPRINT ACROSS THE UNITED STATES.
LAS VEGAS, Oct. 21, 2024 /PRNewswire/ -- World Table Tennis (WTT) is raising the stakes in 2025 with the introduction of the United States Smash (US Smash) set to electrify Las Vegas from 3 to 13 July 2025 at the Orleans Arena.
WTT Grand Smashes represent the pinnacle of professional table tennis, featuring an exhilarating 11-day event that combines the highest-level competition with fan experiences and thrilling entertainment.
Hot on the heels of the resounding success of China Smash 2024, the addition of the US Smash, the first WTT Series event to be held in the United States, represents a bold step forward in WTT's mission to elevate table tennis on a global scale.
"Bringing the United States Smash to Las Vegas is a game-changer for our sport, now ensuring a top tier table tennis event enters the most professional sports market in the world" said Steve Dainton, WTT Chief Executive Officer. "The US Smash will bring table tennis into the spotlight as one of the most electrifying, fast-paced sports, guaranteed to captivate and energize American audiences. We're excited to bring our most prestigious event to Las Vegas and continue our journey to elevate the sports global growth."
Virginia Sung, CEO of USA Table Tennis, echoed this enthusiasm: "We're excited to bring a WTT Grand Smash to the US, the world's most influential sports market, and showcase our sport on a stage as dynamic as Las Vegas. This premier event will attract new fans, energise our community, and inspire future generations of athletes and enthusiasts."
This landmark event, kicking off over the Independence Day weekend, will showcase the extraordinary talent of local stars like Lily Zhang and Kanak Jha, the best of the Americas including Brazil's Hugo Calderano and Puerto Rico's Adriana Diaz, and the world's biggest international stars led by Chinese World Number 1's Wang Chuqin and Sun Yingsha.
For American Lily Zhang, current World No 29, the opportunity to play a WTT Grand Smash event in the United States is a dream come true: "I'm beyond excited to play the United States Smash in Las Vegas. The energy there is unmatched and it's amazing to have such a prestigious event in the United States. It's a great opportunity to showcase our sport in a city known for big moments and world class events."
US Smash will honour Nevada, the Silver State, with its signature metal dazzling throughout the event. Players from around the globe will compete for the first-ever silver US Smash trophies in WTT's iconic Infinity∞Arena, the main draw competition includes:
The qualifying rounds will feature a robust field as well:
The launch of the US Smash not only enhances WTT's global footprint, but also plays a crucial role in building momentum for the sport after a successful World Table Tennis Championships Finals in Houston 2021 and as the world gears up for the LA 2028 Olympic Games.
Fans should stay tuned for the full 2025 WTT Series calendar coming soon.
About the WTT Series
The WTT Series is the Professional Series of Table Tennis. Our events combine sport and entertainment, offering a global calendar with the best players in the world and giving fans an engaging innovative 360 experience all year. Across Grand Smashes, Champions and Contender Series events our stars inspire future generations of players as they battle it out to qualify for the season-ending WTT Finals and to be crowned the year-end World Number 1. Visit worldtabletennis.com for the latest news, videos and info.
About World Table Tennis
World Table Tennis (WTT) is the commercial and events platform of the International Table Tennis Federation (ITTF) Group. WTT's mission is to transform the global table tennis landscape by revolutionising the sport's experience and delivery by combining sport and entertainment, engaging fans through innovation across a global calendar of events for all, to inspire future generations of table tennis of players and fans. Visit worldtabletennis.com for more information.
About Orleans Arena
The Orleans Arena, a facility of Boyd Gaming Corporation and partner of the Las Vegas Raiders, is celebrating 20 years since opening its doors to the public. Serving as one of the nation's leading multi-purpose sports and entertainment facilities, the arena has hosted more than 3,500 publicly ticketed events over the last two decades. The venue has become home to various Olympic championship events, including World Wrestling, Men's Curling and US Figure Skating, alongside NCAA basketball conference tournaments, touring concerts, family shows, motorsports and more. For more information, visit www.orleansarena.com/ or connect on Facebook, X and Instagram. Complete details on entertainment options at Boyd Gaming's Las Vegas properties are available at www.boydgaming.com/explore/entertain.
Founded in 1975, Boyd Gaming Corporation is a leading geographically diversified operator of 28 gaming entertainment properties in 11 states. The Company is committed to advancing Corporate Social Responsibility (CSR) initiatives that positively impact the Company's stakeholders and communities.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
WORLD TABLE TENNIS SET TO ELECTRIFY AMERICA WITH INAUGURAL UNITED STATES SMASH
