How does Feedzai KYC compare to Hawk:AI Customer Screening?

Feedzai's KYC solution streamlines the customer verification process by automating checks against global databases, including sanctions lists and PEP records. The platform ensures compliance with KYC regulations while minimizing onboarding friction for legitimate users.

With advanced analytics and real-time risk scoring, Feedzai's KYC solution enhances decision-making and ensures accurate risk assessments. This empowers businesses to meet regulatory obligations while optimizing customer acquisition processes.

Hawk:AI Customer Screening solution ensures compliance with regulatory requirements by screening customer data against global sanctions lists, politically exposed persons (PEP) records, and adverse media sources. The platform leverages advanced machine learning algorithms to perform real-time risk assessments, reducing false positives while ensuring comprehensive coverage.

The solution integrates seamlessly into existing customer onboarding and monitoring workflows, allowing organizations to maintain compliance without disrupting operations. Hawk:AI Customer Screening enhances risk management by providing actionable insights, robust reporting, and audit trails to demonstrate regulatory adherence.

• 🏆 Ranked - Strong Performer by Forrester (2024)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 13 by Chartis (2024)
• 🏆 Ranked - Leader by IDC (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 4 by Chartis (2024)
• 🏆 Category Winner - AI-driven Anti-Fraud Platform by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 35 by Chartis (2024)
• 🏆 Category Winner - Emerging Crime Typology Detection by Chartis (2024)
• 🏆 Category Winner - AI-driven Fraud Prevention by Chartis (2024)

• 🏆 Category Winner - Innovative use of AI for anomaly detection by Chartis (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 17 by Chartis (2024)

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.