Use the dropdown below to select another product to compare with Hawk:AI Entity Risk Detection.
The table below summarises some key information about Hawk:AI Entity Risk Detection from Hawk:AI and Know Your Customer from Fenergo, giving you some points to compare.
| Hawk:AI Entity Risk Detection | Know Your Customer | |
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| Product Description |
Hawk:AI Entity Risk Detection solution empowers organizations to assess and monitor risks associated with entities such as customers, suppliers, and counterparties. By leveraging advanced analytics and machine learning, the platform evaluates entity behavior and relationships, identifying anomalies and potential risks in real-time. The solution integrates seamlessly with existing compliance and risk management workflows, providing actionable insights through intuitive dashboards and detailed reporting. Hawk:AI Entity Risk Detection helps businesses enhance decision-making, ensure compliance, and mitigate risks proactively in today's complex financial landscape. |
Fenergo's Know Your Customer (KYC) solution ensures compliance with local and global KYC requirements by providing pre-packaged data, document, and ownership rules across over 120 jurisdictions. It streamlines operational efficiencies through seamless integration with leading data, ID&V, and screening partners, reducing client outreach and eliminating silos between operational and compliance teams. The solution incorporates continuous risk monitoring to ensure ongoing compliance throughout the client lifecycle. :contentReference[oaicite:2]{index=2} |
| Vendor | Hawk:AI | Fenergo |
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| Vendor Headquarters | Germany | Ireland |
| Vendor Founded | 2018 | 2008 |
| About the vendors |
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. |
Solutions to manage risk across the customer lifecycle |
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