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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.
Hawk AI and Know Your Customer partner to harmonise financial crime compliance in the Fintech sector
By combining Know Your Customer’s digital onboarding and business KYC solutions with Hawk AI’s transaction monitoring capabilities, clients will have access to a comprehensive and integrated offering to centralise and harmonise the multiple and often complex elements of their AML programme
Banken generieren jeden Tag eine große Menge an Finanzdaten. Im Kampf gegen Finanzkriminalität können diese Informationen aktuell aufgrund von Datenschutzbedenken und fehlender Infrastruktur nicht institutionsübergreifend genutzt werden. Mit dem safeFBDC (safe Financial Big Data Cluster) soll sich das ändern.
Every day, banks and financial services generate an enormous amount of data – transactions, and customer information, to name a few dimensions. With the volume consistently growing, the connections between different data points become increasingly fuzzy. This makes it harder to get valuable insights out of financial (and other) data and turn those insights into actions.
Money laundering is abnormal behavior, which should make it easy to spot. However, money launderers change their methods to avoid prosecution, which makes it difficult to detect financial crime. Emerging AI technology provides anti-money laundering teams with the anomaly detection power they need to catch and fight financial crime.
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.
Together, Diebold Nixdorf and Hawk AI will collaborate in distributing and implementing Hawk AI’s advanced Anti-Money Laundering (AML) Surveillance and Fraud prevention Suite in banks to support them to fight financial crime even more effectively.
In regular HAWKademy sessions, we learn from one another interactively and collaboratively. The latest session focussed on what Test-Driven Development (TDD) means in actual practice.
Aux and HAWK:AI have formed a partnership to bring credit unions easy access to HAWK:AI’s suite of advanced financial fraud and AML solutions. The company combines advanced technologies such as machine learning and AI with regular rules-based fraud detection capabilities, thus, boosting the effectiveness of the anti-fraud teams at financial institutions.
Our Chief Technology Officer, Wolfgang Berner, recently shared some key insights during a roundtable discussion on the topic of "What is the current state of AI, ML and Blockchain in RegTech?" at the Global RegTech Summit.