Hawk AI and Capco partner to accelerate innovation in anti-financial crime for payment firms and banks
Munich/London, September 13, 2022 – Hawk AI, Germany’s leading software provider of anti-money laundering surveillance and anti-fraud technology, today announced a new partnership with Capco, a global technology and management consultancy specializing in driving digital transformation in the financial services industry.
Capco and Hawk AI will team up to bring Hawk AI’s Anti-Money Laundering (AML) surveillance and Fraud prevention solution, powered by explainable AI, to more financial institutions. The partnership combines Capco’s decade-long experience in large financial services consulting projects and Hawk AI’s regulation expertise and technological leadership.
“The pressure on financial institutions to improve their Anti-Financial Crime solutions has never been higher. Comprehensive, real-time surveillance powered by AI and cloud technology now offers an effective alternative to the low levels of flexibility and unacceptably high false positive rates found in legacy solutions,” said Tobias Schweiger, Co-founder, and CEO of Hawk AI. “We are thrilled to work with Capco to facilitate the adoption of this technology, ensuring even the largest implementations run smoothly.”
Hawk AI recently won the AIinFintech100 award as one of the world’s most innovative solution providers developing AI technology to solve challenges or improve efficiency in financial services.