Hawk:AI Transaction Monitoring solution detects and prevents suspicious financial activities in real-time, ensuring compliance with anti-money laundering (AML) regulations. The platform uses machine learning and advanced analytics to identify unusual transaction patterns and behaviors, flagging potential risks for investigation. With customizable detection scenarios and automated workflows, businesses can tailor the solution to their specific risk profiles and regulatory requirements. Hawk:AI Transaction Monitoring offers comprehensive dashboards and detailed reporting capabilities, enabling organizations to respond proactively to financial crime risks while maintaining operational efficiency.
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.
Founded: 2018
Example Customers: Vodafone, Worldline, CSI, VR Payment, Volt
Visit Vendor WebsiteAwarded By: Chartis
Topic: RiskTech AI 50 2024
Date: July 24, 2024
Learn MoreRanked By: Chartis
Topic: RiskTech AI 50 2024
Date: July 24, 2024
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