Formica AI, an AI powered risk orchestration platform, is positioned as a strong solution partner in the risk management processes of banks, payment and e-money institutions, crypto trading companies, e-commerce companies and marketplaces, insurance and online gaming businesses.
With end-to-end solutions in critical areas such as fraud detection and prevention, prevention of money laundering and terrorism financing, streamlining and digitalizing of compliance processes, Know Your Customer (KYC) and internal audit, Formica AI enables institutions to fulfill their legal obligations and increase their operational efficiency. It minimizes financial crimes and financial losses while protecting the reputation of businesses.
Turning its success in Turkiye into a regional impact, Formica AI expanded into the Central Asian market with new collaborations. The Turkiye-based software company added Uzbekistan’s leading payment services provider Payme to its customer portfolio.
In Uzbekistan, the rising market of financial technologies, Formica AI Risk Orchestration Platform attracts attention with its innovative nature and aims to transform risk management processes with its flexible and scalable infrastructure compatible with the regulations in the region. Formica AI’s journey to Uzbekistan, which started with Payme, strengthens the company’s vision of contributing to the fintech and digital finance transformation in the region.
