Tookitaki Holding Pte Ltd, a Singapore headquartered next-generation regtech firm specializing in compliance and reconciliation solutions revealed the appointment of new senior level executive. As per statement from the firm, it has hired industry veteran Joe Friscia to serve as part of the Company’s Advisory Board. Joe brings with him 25 years of experience in the financial crime and enterprise software space at a global level and is expected to help Tookitaki scale its expansion operations in the U.S. and Asia-Pacific market regions. Some of Joe’s most notable roles include – President of NICE Actimize and President of Americas region at BAE Systems and Executive Vice President at firms such as Norcom Technologies, Segue Software and Pegasystems.
In his new role as member of advisory board, Joe is expected to leverage on his deep wealth of experience in financial crime space to help the business build momentum on its growth and expansion efforts. Joe’s strength particularly in go-to market strategy development is expected to help Tookitaki gain the leading rank among top regtech advisors currently sought after by bank to help defend against money laundering activities using enterprise grade software solutions. Aside from Joe, some of other notable members in the firm’s current advisory board include – Mr. Tom Reddin – former CEO of online mortgage broker Lending Tree and Mr. Shailesh Kekre – former Managing partner of McKinsey & Company Inc. The firm also managed to raise USD 11.7 Million in a Series A funding round led by Viola Fintech and SIG which saw participation from huge players such as Nomura Incubation Investment, Jungle Vetures and Seeds Capital – the capital arm of Singapore Government placing it in perfect position with enough backing as it marches forward to deliver on its vision of revolutionizing regulatory compliance and sustainable compliance programs for financial institutions across the globe.
Speaking about Joe’s addition to the team 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, growing our presence across the U.S. and Asia-Pacific.”
Speaking about his new role at the firm, Joe said “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”.