• FCC Analytics plans entry into India’s financial market
• Company offers AI-based tools for KYC, AML, and fraud detection
• Aims to help banks tackle transaction laundering in fast-growing digital economy

Hong Kong-based FCC Analytics is preparing to enter India’s financial sector with its AI-driven solutions designed to detect suspicious transactions and combat financial crimes. The company, known for its expertise in KYC and Anti-Money Laundering (AML) technologies, sees significant potential in India’s rapidly digitizing banking and fintech ecosystem.

Speaking at the Hong Kong FinTech Week, Rico Tang, Chief Corporate Development Officer at FCC Analytics, confirmed the company’s interest in expanding to India. With existing operations in Hong Kong, Singapore, and Australia, the company partners with banks and virtual asset trading platforms to enhance transaction monitoring and compliance checks using artificial intelligence.

FCC Analytics aims to address growing concerns around transaction laundering, a form of digital fraud that is estimated to account for 1-2% of global GDP. Only a small portion of this is currently detected and recovered, highlighting the need for advanced monitoring systems.

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The company is also working on a pilot programme called Federated Learning, funded by the Hong Kong Monetary Authority (HKMA). The initiative allows banks to train AI models collaboratively without sharing sensitive customer data, improving AML systems across institutions. The pilot is being tested with livi bank and Airstar Bank.

FCC Analytics believes its tools, already proven in other markets, can help Indian banks scale up fraud detection and compliance in line with the country’s digital growth.