Ensuring regulatory compliance can be expensive for financial services companies. In fact, the average cost nearly doubled from $16 million to $30.9 million between 2011 and 2017, according to one survey. And it's tough for most to keep up -- in 2017, over 900 agencies together issued over 200 regulatory updates each day, on average. Companies like Tookitaki aim to ease the regulatory burden through AI-imbued software. The Singapore-based startup, which was cofounded by J.P. Morgan veteran Abhishek Chatterjee and Jeeta Bandopadhyay, taps machine learning and distributed systems to tackle compliance for anti-money laundering, reconciliation, and more.