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Hawk AI welcomes Maximilian Riege as Chief Risk Officer as company growth continues 

Maximilian Riege CRO Hawk AI

Munich, November 8, 2023 – Hawk AI, the leading provider of technology for fraud and anti-money laundering surveillance, has further strengthened its leadership team with the addition of Maximilian Riege as Chief Risk Officer. 

As Chief Risk Officer, Riege will enable Hawk AI to further scale its operations globally. The Munich-based provider has seen demand continue to soar in 2023, as banks and payment companies around the world look for AI solutions to help prevent financial crime and manage compliance.                  

“Max is a big win for Hawk AI. With his outstanding knowledge and experience of governance, regulations, risk, and data security, he will ensure that we continue to be the trusted partner of choice for cloud-based enterprise AML and fraud detection,” said Tobias Schweiger, CEO at Hawk AI. “Banks and payment providers are looking for cutting-edge, explainable AI technology combined with organizational rigor that matches their own standards. That’s what Hawk AI provides.”  

“I am thrilled to be joining Hawk AI. Financial crime continues to be a huge global problem affecting society on many levels. I’m proud to be part of a team that is transforming the fight against fraud and money-laundering and protecting citizens, businesses, and governments worldwide,” said Maximilian Riege, Chief Risk Officer at Hawk AI. 

Riege brings a depth of senior management experience to his new position. He was most recently Managing Director and Chief Operating Officer at Penta, the leading German digital business finance solution for SMEs, where he oversaw governance, regulatory functions including AML compliance, internal audits, and legal and risk management. He helped spearhead Penta’s acquisition by Qonto in 2022.  

Prior to Penta, Riege served as Chief Representative and General Counsel at the European identity platform Verimi, a joint venture of Allianz, Daimler, Deutsche Bank, Deutsche Telekom, Lufthansa, Samsung, VW Financial Services and other leading international corporations. Furthermore, as Partner at Hambach & Hambach, Riege advised major digital payment and financial service providers. He is admitted to the Bar in Germany and New York. 

Riege is the latest in a series of senior hires at Hawk AI. In August, the company welcomed Chris Caruana as Vice President of Strategy, with responsibility for shaping Hawk AI’s direction and vision. Caruana joins from Feedzai, where he held senior positions within the Strategy and AML Solutions teams. September saw the arrival of Thomas Fürst, founder of the Berlin-based video identification pioneer WebID. Fürst joined Hawk AI as SVP of Strategic Accounts and will focus on the development and execution of strategic business development plans. 

Hawk AI is on track for another year of stellar growth, thanks to growing demand for its unique explainable AI technology. Banks and payment companies worldwide are using Hawk AI’s platform to improve fraud detection and AML compliance. The company’s modular solution can either enhance or replace traditional rules-based systems with AI-powered customer and transaction screening, which delivers greater accuracy and reduced noise.    

About Hawk AI 

Hawk AI helps banks, payment companies and fintechs fight financial crime with AML and fraud surveillance. Powered by explainable AI (patent-pending) and cloud technology with a core focus on information sharing, Hawk AI improves the efficiency and effectiveness of anti-financial crime teams. Fully modular, cloud-native, and enhanced with machine learning, Hawk AI makes customer and transaction surveillance more efficient and ensures regulatory compliance. The solution drastically reduces false positive rates by over 70% compared to legacy AML/CFT solutions. Founded in 2018 by experienced fintech veterans, the company has scaled globally and is now processing billions of transactions across 60 countries. Hawk AI works with leading financial institutions and partners such as North American Bancard, Moss, Mambu, Visa, and Lexis Nexis. For more information, visit 

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