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NAB ADDRESSES AML REGULATIONS WITH HAWK:AI’S SPEED AND SCALABILITY

HAWK and NAB transparent
Executive summary

Comprehensive compliance in just 4 months

North American Bancard (NAB), a leading payments technology company, provides end-to-end infrastructure that allows clients to offer a range of globally preferred payment types. NAB’s diversified platform accommodates mobile, online, and in-store environments and processes over $45 billion worth of electronic payments annually through credit, debit, and pre-paid cards, as well as ACH payments. 

Serving hundreds of thousands of clients across the merchant economy, NAB has grown rapidly through both organic initiatives and M&A, having completed 10 acquisitions over the past 10 years. To facilitate growth and address strict transaction-monitoring requirements related to AML regulations, NAB required a cloud-native solution to support several existing payment systems and data sources, as well as entry into new industry verticals.

Through Hawk AI’s centralized money-laundering detection platform, NAB implemented an end-to-end compliance solution – from transaction monitoring and investigation to filing and audit trails – in just four months

 

 

 

 

Scalability and Results

Diagram

1 Billion Transactions

Processed annually

Fintech

$45 billion

annual transaction volume

False positive reduction

>70% False-positive reduction

versus standard rules

AI Explainability

4 Months

to full implementation

In their own words

“We tested and benchmarked many different systems in the marketplace and found Hawk AI to be a clear technology leader. In the payment processing business, you need flexibility, speed, and the ability to scale. The Hawk AI system delivers all those things. Their team has built leading-edge technology and applies a balanced approach between rules and AI.”

– Jim Parkinson, Chief Experience Officer North American Bancard

BUILT IN GERMANY WITH DEEP INDUSTRY KNOWLEDGE

Artificial Intelligence

EFFECTIVE

AI helps your exports spot anomalies and detect unknown crime patterns

False positive reduction

EFFICIENT

70% false positive reduction, your team can focus on priority tasks

AI Explainability

EXPLAINABLE

All stakeholders can easily understand and trust out system's results

Teamwork

EASY TO DEPLOY

Built with deployment options that can be customised to your needs.

Hawk:AI Solutions

Further Solutions

Teaser AML Tx Monitoring

Transaction Monitoring

Monitor any transaction for red flags using a comprehensive set of rules in combination with Behavioral Analytics.

Teaser Customer Screening

Customer Screening

Screen customers against Sanctions, PEP, watchlists, and adverse media during onboarding and thereafter.

Teaser Customer Risk Rating

Customer Risk Rating

Dynamically score customer risk using internal and external data. Add behavioral analytics for richer context.

Teaser Payment Screening

Payment Screening

Screen counterparties against Sanctions and Country lists in real-time. Cleanse data and tune name-matching.