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The table below summarises some key information about Feedzai AML Transaction Monitoring from Feedzai and Hawk:AI Payment Screening from Hawk:AI, giving you some points to compare.
| Feedzai AML Transaction Monitoring | Hawk:AI Payment Screening | |
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| Product Use-cases | ||
| Product Description |
Feedzai's AML Transaction Monitoring solution helps financial institutions detect and prevent money laundering activities. The platform uses advanced analytics and machine learning to analyze transaction patterns and flag suspicious behaviors, ensuring compliance with anti-money laundering (AML) regulations. The solution offers real-time alerts and customizable detection models, enabling organizations to stay ahead of financial crime. Feedzai's AML Transaction Monitoring enhances operational efficiency and safeguards against evolving AML threats. |
Hawk:AI Payment Screening solution ensures secure and compliant payment processes by screening transactions against global sanctions lists and regulatory requirements in real-time. The platform employs intelligent matching algorithms to identify potential risks, minimizing false positives and ensuring legitimate payments are processed seamlessly. With its robust integration capabilities, Hawk:AI Payment Screening enhances existing payment workflows, providing actionable insights and maintaining audit trails to support compliance efforts. This solution safeguards businesses from regulatory penalties and financial crimes, ensuring secure and efficient operations. |
| Vendor | Feedzai | Hawk:AI |
| Vendor Awards |
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| Vendor Headquarters | Portugal | Germany |
| Vendor Founded | 2011 | 2018 |
| About the vendors |
Feedzai is a data science company that develops real-time machine learning tools to identify fraudulent payment transactions and minimize risk in the financial services, retail, and e-commerce industries. Founded in 2011 by Nuno Sebastião, Pedro Bizarro, and Paulo Marques, Feedzai is headquartered in Coimbra, Portugal, with its U.S. headquarters in San Mateo, California. The company's core offering is an AI-powered ‘RiskOps’ platform which helps financial institutions to detect, prevent, and manage financial crime while achieving regulatory compliance. Feedzai's solutions cover various aspects of financial security, including: - Account opening and takeover prevention - AML transaction monitoring - KYC/Customer due diligence - Transaction fraud detection - Watchlist screening Feedzai has achieved significant milestones in its growth and is now a well known brand in this space. It became a unicorn startup in 2021, valued at over $1 billion after a Series D funding round. Feedzai's AI analyzes over 3000 payment transactions per second and the platform processes 59 billion events per year and secures nearly $6 trillion in payments annually. |
Hawk AI, founded in 2018 by fintech entrepreneurs Tobias Schweiger and Wolfgang Berner, is a Munich-based company specializing in anti-money laundering (AML) and fraud prevention solutions for financial institutions. Their platform leverages explainable artificial intelligence (AI) to enhance the detection of suspicious activities while minimizing false positives. The company's suite of products includes modules for payment screening, transaction monitoring, customer screening, customer risk rating, transaction fraud monitoring, and entity risk detection. These tools are designed to work in unison, providing comprehensive coverage across various financial crime risks. Hawk AI has experienced significant growth since its inception. In January 2023, the company raised $17 million in a Series B funding round led by Sands Capital, with participation from DN Capital, Coalition, BlackFin Capital Partners, and Picus Capital. This investment aims to accelerate product development and expand Hawk AI's presence in the United States and Europe. The leadership team at Hawk AI comprises professionals with extensive experience in data, technology, banking, and compliance. Co-founder and CEO Tobias Schweiger and Co-founder and CTO/CPO Wolfgang Berner both previously held senior leadership roles at PAY.ON and ACI Worldwide. Hawk AI's technology is utilized by banks and payment companies worldwide, aiming to increase risk coverage and improve efficiency in combating financial crime. By combining advanced AI with a deep understanding of financial systems, Hawk AI continues to innovate in the field of financial crime detection and prevention. |
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