Hong Kong-based FCC Analytics has announced plans to enter the Indian financial technology market to offer AI-driven solutions for monitoring and preventing suspicious financial transactions.
The company, which specialises in KYC (Know Your Customer), Anti-Money Laundering (AML), and customer due diligence (CDD) technologies, aims to expand its footprint into India’s banking and virtual asset sectors.
The announcement was made by Rico Tang, Chief Corporate Development Officer at FCC Analytics, during the Hong Kong FinTech Week on Tuesday.
AI-powered solutions for fraud and AML monitoring
FCC Analytics provides technology solutions that use artificial intelligence to identify, monitor, and flag potentially illicit transactions. The firm partners with banks and virtual asset trading platforms to enhance regulatory compliance and risk detection.
“We are currently based in Hong Kong, where we have our headquarters. We are also working with banks and virtual asset trading platforms in Singapore and Australia,” Tang told The Times of India.
When asked about expanding into India, Tang said, “Yes, we may explore the Indian market in the coming time.”
Targeting India’s growing digital economy
FCC Analytics plans to leverage India’s rapid digitisation to address issues like transaction laundering, which is estimated to account for 1–2% of global GDP each year. Only a small fraction of such illicit transactions are currently detected and recovered by global authorities.
Tang added that FCC Analytics uses AI-driven transaction monitoring, customer due diligence tools, and automated suspicious transaction reports to strengthen financial compliance systems.
Federated Learning pilot with HKMA support
The company is also running a pilot programme titled Federated Learning, designed to allow banks to train and share AI models to improve AML capabilities without exposing sensitive customer data.
“The first part of the programme has been funded by the Hong Kong Monetary Authority (HKMA). We are now working with livi bank and Airstar Bank on the programme,” Tang said.
The move underscores Hong Kong’s growing role as a regional hub for fintech innovation — and signals India’s increasing importance as a major destination for AI-based financial regulation tools.