Hawk AI Welcomes Intelligence and Banking Veteran as Chief Solution Officer
Hawk AI, the leading provider of AI-powered technology for fraud and anti-money laundering surveillance, has further strengthened its leadership team with the addition of Michael Shearer as Chief Solution Officer.
Shearer, having spent a significant portion of his career at HSBC, brings a wealth of experience to Hawk AI, whose financial crime technology is used by banks and payment providers globally. As the former Group Head of Compliance Product Management at HSBC, Shearer played a pivotal role in equipping the bank with advanced systems, tools, and data to manage financial crime risk.
Shearer commented; “I’ve been hugely impressed by Hawk AI. I’ve seen a broad range of technology during my 30 years in intelligence and banking, and Hawk’s solutions for AML and fraud are the real deal - engineered for the future and delivered by an extraordinarily talented team with deep industry knowledge.”
“I’ve always been driven by the desire to make the world a safer place, and that task is as urgent and important today as it has ever been. I’m looking forward to working with my colleagues at Hawk to reshape the global fight against financial crime to prevent and combat the funding of terrorism, human trafficking and other serious crime.
Shearer’s achievements at HSBC include the creation of a multiple-award-winning analytics application, which integrated customer, transaction, risk and external data from over 50 countries to enable risk detection across multiple customer types. He also led the creation of an industry-first cloud-based machine learning platform for financial crime detection. Prior to HSBC, Michael spent 20 years working in government intelligence and counter terrorism. He is also the author of an upcoming book, Hands-on Entity Resolution, which will be published in spring 2024.
Tobias Schweiger, CEO of Hawk AI, said; “We’re delighted that Michael is joining the team at Hawk AI. His combined knowledge of intelligence and banking is second to none and we’re honored to have him onboard.”
Hawk AI continued its stellar growth in 2023. Founded in 2018 by finance industry veterans, the company has rapidly scaled globally and currently processes billions of transactions across 60 countries. The company’s explainable AI approach has proven to be a game-changer in the industry, enabling financial institutions to drastically reduce false positive rates compared to traditional AML/CFT solutions. The company’s modular solution can either enhance or replace traditional rules-based systems with AI-powered transaction monitoring, payment screening, pKYC, and fraud prevention to deliver greater accuracy and reduced noise.