Use the dropdown below to select another product to compare with Hawk:AI Customer Screening.
The table below summarises some key information about Hawk:AI Customer Screening from Hawk:AI and Know Your Customer from Fenergo, giving you some points to compare.
Hawk:AI Customer Screening | Know Your Customer | |
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Product Description |
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. |
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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