Morabaha Marina Collaborates With Tookitaki For Cutting-Edge AML Capabilities


Share post:

Tookitaki, a global leader in financial crime compliance solutions, is pleased to announce its strategic partnership with Morabaha Marina Financing Co., a prominent Sharia-compliant financing company based in Saudi Arabia. This collaboration aims to enhance the latter’s Anti-Money Laundering (AML) compliance management capabilities while driving operational efficiency and fostering customer trust.

Morabaha Marina Financing offers innovative financing solutions to individuals and small and medium enterprises within Saudi Arabia. The company’s commitment to fostering reliable financing partnerships aligns seamlessly with Tookitaki’s advanced technology-driven approach to financial crime prevention.

Mr. Waleed Al-Ghamlas, Executive Managing Director, at Morabaha, expressed, “Partnering with Tookitaki was a strategic decision to strengthen our AML compliance framework and provide more secure and efficient financing solutions to our customers. Tookitaki’s comprehensive suite of solutions, including Transaction Monitoring, Smart Screening, Dynamic Risk Scoring, and Case Manager, aligns perfectly with our goals of achieving regulatory compliance, operational efficiency, and customer-centric financial services.”

Also Read: Why Cybersecurity Needs to Evolve in The Fintech Industry

Mr. Abhishek Chatterjee, Founder and CEO at Tookitaki, stated, “We are excited to join forces with Morabaha and support their mission of delivering innovative financing solutions while ensuring regulatory compliance and robust risk management. Our AML solutions will empower Morabaha to efficiently monitor transactions, conduct thorough screenings, and streamline customer risk assessments. This partnership exemplifies our commitment to driving financial institutions toward a safer and more secure future.”

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

Best Practices for FinTech Compliance

In financial tech (FinTech), following rules is important. FinTech firms operate in a fast-changing world. They must know...

UK Businesses Modernising to Enhance Security and Counter Fraudulent Activity

American Express today released new research revealing that UK businesses are investing in modernising their payment systems to...

LiquidityBook Redefines Trading Technology Again with Release of LBX PMS 2.0; Accelerates Multi-Asset Capabilities via Acquisition of Messer FS

LiquidityBook, a leading provider of cloud-native buy- and sell-side trading solutions, announced today the general availability of LBX...

PayPal, Venmo Credit and Debit Cards Are Now Available to Add in Apple Wallet

PayPal Holdings Inc. announces that customers now will get the option to add their eligible PayPal and Venmo...