Hawk:AI
Websitehawk.ai
AddressMunich, Germany
DescriptionHawk AI helps banks, payment companies, and FinTechs fight financial crime with AML and fraud surveillance. It improves the efficiency and effectiveness of anti-financial crime teams by using explainable AI (patent-pending) and Cloud technology with a core focus on information sharing. The company has scaled globally, processing billions of transactions across 60 countries. Its SaaS software uses a combination of traditional rules and artificial intelligence to detect suspicious transactions in real-time and presents these alerts to Financial Crime specialists for investigation. The solution dramatically reduces false positive rates by up to 97% compared to legacy AML/CFT solutions, while detecting unknown patterns of financial crime. Clients integrate through a RESTful JSON-based API or core banking system plugins. The platform makes use of machine learning by applying traditional supervised learning (XGBoost and deep neural networks) for automating human decisions, as well as unsupervised deep learning (Variational Autoencoders) for outlier and anomaly detection.