Hawk AI and 42flows.tech partner to bring AML and Fraud surveillance to more global customers
Munich/Tallinn, 26 October, 2022 - HAWK:AI, Germany’s leading provider of anti-money laundering surveillance technology for banks, payment companies and fintechs, and 42flows.tech, an Estonian IT company that provides middleware development and process orchestration services for banks and fintechs, announced a strategic partnership
Customers of Hawk AI and 42flows.tech can now benefit from pre-built connectors with core banking systems without the need to develop integration from scratch. Thanks to 42flows.tech technology and a process orchestration engine, integration is done seamlessly without the need to write a single line of code.
Max Popov, COO of 42flows.tech, commented: “We are very pleased to partner with Hawk AI as we believe we have shared vision and common goals to bring technological advancements into the financial services sector. I believe that partnerships and collaborations have synergetic effect to bring more value to our customers.”
“Smooth integration and rapid time-to-live are key for financial institutions to effectively fight financial crime,” said Wolfgang Berner, CTO and Co-Founder of Hawk AI. “We’re excited to partner with 42flows.tech to accelerate bringing AI-powered AML and Fraud Surveillance to the market even quicker.”
About Hawk AI
Hawk AI drastically improves how financial institutions handle compliance risk with comprehensive AML surveillance. Fully modular, cloud-native, and enhanced with machine learning, Hawk AI makes customer and transaction surveillance more efficient and ensures regulatory compliance. Using traditional rules combined with artificial intelligence to detect suspicious behavior in real-time, Financial Crime specialists can investigate true instances of suspicious activity. The solution drastically reduces false positive rates by over 70% compared to legacy AML/CFT solutions. Founded in Munich, Hawk AI works with leading financial institutions and partners such as North American Bancard, Moss, Banco do Brasil Americas, Mambu, Visa, and Lexis Nexis.
42flows.tech is an Estonian technology solutions provider for banks and fintechs. We design the workflow between customers, solutions and providers. The company's services include middleware development and process orchestration for integration between various banking systems such as core banking, KYC, AML, card issuing and processing, payments etc. Thanks to low-code open source technology, 42flows.tech process orchestration engine helps customers automate workflows and implement new products and solutions in a fast and efficient way, unlocking numerous new business opportunities, while accelerating growth.
42flows.tech was founded by three visionary fintech professionals with many years of professional experience Max Popov, Igor Luzhanskiy, and Andriy Sabanskiy. The company's customers include Privatbank, Monobank, First Abhu Dhabi Bank and many more. 42flows.tech is an official partner of Visa and Viber and a member of the European Fintech Association. Visit www.42flows.tech for more information.