Details 14 April 2021 Hewlett Packard Enterprise (HPE) and financial compliance solutions provider Tookitaki have announced a collaboration that will utilise AI in the fight against money laundering. Offering the service to banks and financial institutions across APAC, it combines Tookitaki's AI-powered anti-money laundering solution with HPE GreenLake for Big Data. This combined effort enables clients to create a central big data platform to perform AI analytics and enable AI solutions against money laundering, with the agility, flexibility and scalability of the cloud experience. UOB is the first financial institution to buy in to the new solution, enhancing its operational abilities to combat money laundering through AI. The bank was also able to customise Tookitaki's AI to meet its specific needs. The bank screens 60,000 account names monthly to determine if they belong to people or entities on global regulatory watch lists, and with the AI-enhanced anti-money laundering system, UOB can more accurately pinpoint high-priority cases from over 5,700 monthly transactions that are flagged as suspicious. Among high-priority cases, their screening and monitoring has achieved a 96% prediction accuracy.