Why did VakıfBank International AG choose Hawk to strengthen its anti-money laundering operations? Hawk's modular anti-financial crime platform was chosen for its comprehensive functionality and robust SaaS delivery model for driving efficiencies in: - AML Transaction Monitoring - Transaction Screening - Customer Screening - Customer Risk Rating By leveraging Hawk’s holistic solution, VakıfBank is gaining improved visibility and decision-making capability through a unified interface, streamlining case management and enhancing cross-module data accessibility. Read the full press release here and hear what Gottsnahm Horst has to say: https://lnkd.in/dMKxhwx3 #fincrime #aml #fraud #vakifbankinternational #ai #artificialintelligence #antimoneylaundering #fraudprevention #antifinancialcrime #banking #bankingtech #compliance
Hawk
Finanzdienstleistungen
Munich, Bayern 8.322 Follower:innen
Fighting Financial Crime With Explainable AI
Info
Award-winning AML & CFT technology powered by explainable AI increases your risk coverage, helps you identify more crime, and reduces your false positives. Combine AML transaction monitoring, payment screening, and pKYC in one tool & add fraud detection for even more comprehensive coverage.
- Website
-
http://www.hawk.ai
Externer Link zu Hawk
- Branche
- Finanzdienstleistungen
- Größe
- 51–200 Beschäftigte
- Hauptsitz
- Munich, Bayern
- Art
- Privatunternehmen
- Gegründet
- 2018
- Spezialgebiete
- AML, Anti Money Laundering, RegTech, AI, FinTech, Crypto, Scalable compliance, SaaS, Self-Learning systems, Machine Learning und Compliance
Orte
-
Primär
Friedenstraße
22B / i3
Munich, Bayern 81671, DE
Beschäftigte von Hawk
Updates
-
The October issue of The Audit, Hawk's monthly newsletter on AI in anti-financial crime, is here! In this month's edition, find out how FIs can benefit from AI without replacing systems - our whitepaper with Deloitte provides a deeper dive. We also share four use cases for identifying more suspicious activity using Entity Risk Detection: - flag risks at onboarding - identify connections to high-risk entities - spot shell companies - recognize account opening fraud We also share news of VakıfBank International AG choosing Hawk for AML Transaction Monitoring, Transaction Screening, Customer Screening, and Customer Risk Rating. Subscribe to the newsletter and let us keep you informed on AI in AML, fraud and other financial crime. #financialcrime #fincrime #afc #aioverlay #ai #aml #moneylaundering #antimoneylaundering #fraud #frauddetection #ainews #amlnews #fraudnews #entityresolution
-
Join the Hawk team in London tomorrow at AMLintelligence.com's International Anti-Financial Crime Summit, to gain insights on the full potential of AI for AML and fraud prevention. At the event, Michael Shearer, our Chief Solution Officer, will take to the stage to discuss 'Optimizing AI & Machine Learning in Financial Crime Compliance'. Joe Chute and Sadi Bezit, CAMS from Hawk will also be on hand to tell you more about how we help financial institutions globally - get in touch if you'd like to meet for a conversation about explainable AI and how it could help your organization. If you can't make it to the event, contact Hawk via our website for a demo if you'd like to know more about our platform for AML and fraud prevention: https://hawk.ai/ #amlintelligence #iafcs #bankingsummit #aml #fincrime #antimoneylaundering #ai #artificialintelligence #bankingtech #banking #fintechs #financialinstitutions
-
The periodic approach to AML checks is insufficient for risk management. AI gives FIs the real-time risk intelligence they need to perform AML checks based on changes in a customer’s risk profile. In our latest article, we explain the challenges with periodic AML reviews and how AI helps FIs solve these problems: - Relying only on periodic AML checks can delay the mitigation of money laundering risk - Periodic AML checks can cause review backlogs and resource strain - AI technology gives banks a more accurate view of customer risk, helping them conduct more efficient and effective AML checks Read more here: https://lnkd.in/dHBdciqd Request a demo today and find out how Hawk’s explainable AI technology empowers FIs to run more effective and efficient AML checks: https://hawk.ai/ #aml #antimoneylaundering #amlchecks #fincrime #ai #artificialintelligence #banking #payments #fraud #riskmanagement
-
We’re pleased to share that Hawk has been recognized on the Sifted: Germany Leaderboard as one of the 50 fastest-growing companies. Hawk's growth is being driven by banks and payment companies recognizing the value that explainable AI can bring to their anti-financial crime operations. Financial institutions around the world are using Hawk technology for AML and fraud prevention, leveraging AI to detect more risk and reduce false positives. Read the full report at: https://lnkd.in/gR4pbSm9 Find out how we can help you to improve the effectiveness and efficiency of your AML and fraud prevention operations - request a demo today to see our solutions in action: https://lnkd.in/dbeh25Zk #aml #fincrime #awards #artificialintelligence #ai #sifted #sifted50germany #sifted50
-
The demand for AI across a range of AML/CFT use cases continues to grow. It's now a given that financial institutions are using AI to reduce false positives and negatives, as this data from GSMA shows. FIs also see value for AI in transaction monitoring and behavioral analysis, while almost three quarters are looking to AI for network analysis - and we expect that to increase rapidly, as Heads of Risk and Compliance see results from solutions like Hawk's Entity Risk Detection. Hawk's explainable AI is helping banks and payment organizations to significantly increase the effectiveness of their AML detection (find more crime) while also increasing efficiency (reduce false positives). Request a demo now to see how it works: https://hawk.ai/ #aml #fincrime #artificialintelligence #ai #antifraud #frauddetection #gsma #financialinstitutions
-
How can banks and Banking-as-a-Service (BaaS) providers align on regulatory responsibilities to avoid risk? In a recent interview with PYMNTS, Chris Caruana (MBA, CAMS) highlighted how alignment of responsibilities is crucial to maintaining regulatory compliance and effectively managing financial crime risks in these fast-evolving partnerships. Chris emphasized that in BaaS partnerships, aligning regulatory roles can be a challenge. "There are definitely different cultures in terms of what you’re doing as a business and how you go about doing it." "The speed at which you go to market and produce your products is much quicker in the tech space, where you tend to sprint and break things along the way." "But in traditional financial institutions, they tend to measure twice and cut once before doing anything.” "The regulators are asking both sides to take a look at what your obligations are...and understand that, before you introduce different types of risk, whether it be risky customers, risky activity, or risky money movements." Watch the 1-minute video, or read the full article for further insight here: https://lnkd.in/epPcaVAn Alternatively, contact Hawk for a demo if you'd like to know more about how we help financial institutions to leverage the benefits of BaaS while remaining compliant for AML: https://hawk.ai/ #aml #fincrime #pymnts #baas #bankingasaservice #banking #bankingtech #compliance #ai #machinelearning #webinar #paneldiscussion #toughquestions
-
Banks and other FIs need access to data consolidation, entity resolution, risk factor identification and network analytics when fighting money-laundering and other financial crime. That's where Hawk's Entity Risk Detection technology comes in. Entity Risk Detection can improve your ability to detect risk across many scenarios. In this article, we have explored four particular use cases: 1. Identifying entity risk at onboarding 2. Identifying connection to higher-risk entity 3. Identifying shell company risk 4. Identifying account opening fraud risk Read more here: https://lnkd.in/dUzb3uF9 Request a demo today and find out how Entity Risk Detection can help you to identify hidden financial crime with maximum efficiency: https://hawk.ai/ #aml #antimoneylaundering #fincrime #banking #payments #fraud #entityresolution #riskmanagement #onboarding #customeronboarding
-
Signing off strong from ACAMS Vegas 2024! The Hawk team spent three busy days talking explainable AI for AML and fraud prevention - thank you to everyone who joined us! If you missed the event (or missed us at the event) then you can schedule a demo here to see how banks and other financial services companies are using Hawk's explainable AI to: - Increase risk detection by 3-5x - Reduce false positives by an average of 70% https://hawk.ai/contact-us Thanks to the fantastic US Hawk team - Steve Liu, Bryant Bland, Paola Battisti, Michael Shearer, Jeff Shikowitz and Michaela Caizzi! #acams #acamsvegas #aml #ai #artificialintelligence #fincrime #antimoneylaundering #employeespotlight
-
Financial institutions are increasingly seeing value in AI for a range of AML/CFT compliance activities, including transaction monitoring, suspicious activity reporting, sanctions and PEP screening, and more. Data from GSMA indicates that FIs have high confidence in AI's ability to support AML/CFT programs, which leads to higher effectiveness (finding more crime and increasing risk coverage) while also increasing efficiency (reducing false positives). If you'd like to know how Hawk can help you to implement AI-powered solutions for AML/CFT, visit our website and request a demo to see how it works: https://hawk.ai/ #aml #fincrime #artificialintelligence #ai #antifraud #frauddetection #gsma #financialinstitutions