As a leading software company, hawk:AI supports its customers worldwide with highly efficient and innovative, future-oriented solutions aimed at improving the detection and processing of suspected cases of money laundering or terrorist financing (AML/CFT).
Credit institutions and other financial institutions use hawk:AI to optimize regulatory AML/CFT processes.
hawk:AI product modules encompass rule optimization, detection and processing of suspicious cases, filtering of false alarms, and transparency of crime patterns, providing a complete offering for AML compliance. hawk:AI stands for significantly increased process efficiency, but also for reduced compliance risk compared to conventional solutions. This is made possible by state-of-the-art software architecture and the innovative use of artificial intelligence, which is traceable at all times.
The hawk:AI solution is a highly intelligent software platform, tightly integrated with financial institution's systems. It constantly monitors financial transactions in real-time, as per required Anti-Money-Laundering laws and beyond. Using Artificial Intelligence to maximize automation, hawk:AI delivers significant cost benefit (70% reduction of required resources) and better crime detection. In addition to pre-identified improvement levers and applying external data sources, the system learns from bank's own decisions in relation to suspected cases of the past or present (here ingested through our case manager). Also, hawk:AI identifies new patterns of crime based on Artificial Intelligence, deriving insights from the overarching nature of the platform spanning multiple financial institutions. The platform always provides full transparency of machine decisions to deliver the necessary basis for interaction with regulators, and to continually instill trust in the machine's decisions.
