ADI Mule Accounts Detection
BREAKING BARRIERS WITH INNOVATION. Aboitiz Data Innovation (ADI) triumphs in the Fraud & Financial Crime category at Regulation Asia’s Pitch! Regtech, driving forward the fight against illicit activities with cutting-edge solutions. In photo (from left): ADI Senior Marketing Manager Marcus Aw Yong, Head of Sales in Financial Services Magdalene Wong, Chief Operating Officer for Financial Services Guy Sheppard, Pre-sales Lead in Financial Services Lina Mockeliunaite, and Partnerships & Ecosystems Lead Michael Griffith.

Singapore, 12 June 2023 – Aboitiz Data Innovation (ADI) has announced its latest artificial intelligence (AI)-powered solution, Mule Accounts Detection, in collaboration with the Aboitiz-led Union Bank of the Philippines (UnionBank). It is designed to help financial institutions strengthen their risk management strategies.

“This AI solution is a proactive risk-hunting approach that enables the bank to detect and prevent money laundering activity and fraud through early identification of mule accounts. This detection model assesses a combination of customer information and behavior that predicts the likelihood of an account being a mule,” said UnionBank Senior Vice President – Enterprise Fraud Management Head Christopher Go.

Leveraging ADI and UnionBank’s collective expertise and exceptional talent, the companies worked together under a shared mission of countering financial crimes such as money laundering and fraud to protect their customers.

The Mules Account Detection solution uses a two-level approach. The first is at onboarding, where the AI model identifies the probability of a falsely set up mule account, and the second is when the account is flagged, to assess further account behavior and the likelihood of it being a mule. The AI-driven anomaly detection model continuously learns and improves, to generate scored alerts of mule activity. The solution encompasses workflow, alert, and case management for ease of deployment and has configurable detection, with an 86% accuracy rate in predicting the risk of mule accounts.

ADI is also proud to announce that its Mule Accounts Detection solution has won at the Pitch! Regtech under the Fraud & Financial Crime category hosted by Regulation Asia. Having won the Pitch!, ADI will make its debut at this year’s Singapore FinTech Festival to present the solution to a larger audience.

“This marks an exciting time for us at ADI as this is important industry validation to an approach that has proven effective in improving detection rates whilst ensuring alert levels remain operationally practical,” said ADI Chief Operating Officer for Financial Services Guy Sheppard.

“Our team, alongside those from UnionBank, have worked tirelessly to develop a solution that can transform the industry by tackling an extremely challenging niche and we are proud to be at the forefront of this transformation,” Sheppard added.

As Southeast Asia continues on its path of rapid economic growth, the region is increasingly becoming a hub for financial crime, including money laundering, posing a significant threat to the stability of its financial institutions and systems. The Mule Accounts Detection solves a challenging and prevalent problem using advanced machine learning algorithms and an AI-powered solution, especially as cybercrimes in the region become more dynamic.

About Aboitiz Data Innovation

Aboitiz Data Innovation (ADI) is a forward-thinking data science and AI start-up with a strong commitment to research and a human-centric approach. Our mission is to provide transformative AI consulting and data-driven IoT and sustainability solutions to businesses across diverse sectors.

With a heritage rooted in the Philippines’ Aboitiz Group and headquartered in Singapore, we are uniquely positioned to serve clients in banking & financial services, power, and smart cities (real estate, airports, construction, land and food) industries. For more information, visit

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