• November 26, 2019
  • Press

hawk:AI Recognized as One of RegTech100 Companies 2020

hawk:AI, a company providing anti money laundering detection an investigation platform, selected as one of the world’s most innovative RegTech companies, for its second consecutive year!

This year, research was done on over 1000 RegTech companies that work on solving financial industries’ and other businesses’ risk management, compliance and cybersecurity concerns. Out of over 1000 companies, 100 were selected as top-tier technology companies in the regulatory industry.

About hawk:AI

The hawk:AI solution is a highly intelligent software platform, tightly integrated with a financial institution’s system. It constantly monitors financial transactions in real-time, as per required Anti-Money-Laundering laws and beyond. Using Artificial Intelligence to maximize automation, hawk:AI delivers significant cost benefit (70% reduction of required resources) and better crime detection. This is done by the system learning from bank’s own decisions in relation to suspected cases of the past or present. Additionally, hawk:AI identifies new patterns of crime based on Artificial Intelligence, deriving insights from the overarching nature of the platform spanning multiple financial institutions. The platform always provides full transparency of machine decisions to deliver the necessary basis for interaction with regulators, and to continually instill trust in the machine’s decisions.

Companies such as hawk:AI, e.g. RegTech companies are the present, and most certainly the future of the regulatory industry. “Employing RegTech solutions to modernize the compliance function is now mission-critical for financial institutions globally,” said Mariyan Dimitrov, head of research at RegTech Analyst.

Read more about RegTech100 2020 here.

Download the summary of RegTech100 2020 here.

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