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AML solutions for payment companies Address compliance with technology, not headcount

Payment Screening
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Moss
North American Bank Card
Ratepay
iBAN-X by COMO
AML solutions for payment companies

The challenge keeping compliance managers up at night

You’ve just inherited a problem. Your transaction count is growing rapidly, putting the compliance team under pressure. You’re concerned about the potential impact of regulation or compliance demands from business partners on your continued growth. You know you don’t have the correct processes in place for AML Compliance at peak efficiency.

Your business faced similar hurdles with fraud, but compliance is a more complicated topic. At best, you solve the short-term problem with headcount, but this goes against the lean and agile approach that made your business a success.

You need compliance experts who understand the industry and can help you adopt technology that shares your innovative DNA. You’re building the fintech of the future and need a partner who understands that journey.

Our AI-powered AML for payment companies is:

  • Efficient - reduce false positives by over 70% to prevent increasing compliance headcount
  • Effective - spot anomalies and detect crime patterns before they become common
  • Explainable - all stakeholders, from frontline compliance officers through to your auditors understand and trust our results
What payment companies need to know about AML

The key considerations for Financial Institutions looking for AML solutions

HAWK:AI offers deep compliance experience, combined with modern technology using the latest cloud & AI technology to significantly reduce your manual overhead. AML compliance is complex, but it doesn’t need to be inefficient and ineffective. What you need to consider:

  • Ability to apply required modules as per your risk management needs, unified in one user interface – combine Transaction Monitoring, Customer Risk Rating, Payment Screening, and Fraud Prevention
  • Fast integration via a state-of-the-art API is the key to going live as fast as you need to
  • Ready-to-go risk scenarios, and no-code configuration, roles, and case management workflows allow you to flexibly adjust to your specific needs
  • Ability to add AI & Machine Learning to traditional rules, to minimize case workload, and/or to identify unknown risk
  • Multiple tenants allow for segmentation by your customer groups and/or risk profiles – matching your business logic and associated risk understanding
  • Data protection and privacy are part of our DNA, aligning to all regulations in countries you operate
Transaction Monitoring

AML Transaction Monitoring for Payments

Auditors, Regulation, and Partners require you to monitor transactions for money laundering risk and AML/CFT compliance. Give them confidence that your transaction monitoring is addressing identified risks with precision, and documenting every step of the way in the audit trail.

Key benefits for payment companies:

  • Dramatically reduce false positives with artificial intelligence
  • Detect unknown crime patterns before they become rampant
  • Reduce time per case with a centralized interface
  • Explainability - ensure your key stakeholders understand and trust the system
  • Full audit trails and the highest level of data protection

AML Tx Monitoring - Dashboard
Customer Screening and Customer Risk Rating

Continuously assess customer risk based on flexible scoring across multiple data points

Discover the risk rating of each of your clients in a clear and transparent manner. Payment companies and other fintechs can now dynamically score customer risk using internal and external data, or add behavioral analytics for richer context. Key benefits include:

  • Combine static and dynamic data to form your own risk rating
  • Reduce time per case with an integrated interface
  • Self-service, no code configuration
Customer Risk Rating - Dashboard
Case study - North American Bancard

Preparing for growth - NAB addresses AML regulations with HAWK:AI’s speed and scalability

North American Bancard used HAWK:AI to automate AML processes and transaction monitoring.

North American Bancard HAWK:AI
Selected awards
HAWK AI RegTech100
HAWK AI Fintech Germany
HAWK AI Fintech 100
HAWK AI eu startups to watch
Request more information or a demo

AML Compliance doesn’t need to be a roadblock to your growth, set some time to discuss with HAWK:AI today

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.