Overview
Hawk AI develops and operates a cloud-based software solution for the automated detection of suspected cases of financial crime and money laundering. With Hawk AI, financial institutions can make their transaction surveillance more efficient and ensure regulatory compliance. Hawk AI's software uses a combination of traditional rules and artificial intelligence to detect suspicious behavior in real-time and presents such alerts to Financial Crime specialists for investigation. The solution drastically reduces false alarm rates, e.g., compared to legacy AML/CFT solutions.
Hawk AI was founded in Munich in 2018 by experienced fintech entrepreneurs Tobias Schweiger and Wolfgang Berner and works with financial institutions and partners such as North American Bancard, Ratepay, Moss and Tuum. In June 2021, Hawk AI secured a Series A funding of $10M USD from BlackFin Capital Partners and Picus Capital. Go to www.hawk.ai for more information.