Hawk

AI in fraud prevention: what are the pitfalls that financial institutions need to avoid? AI can be a game-changer for preventing fraud, but only if it’s done right. In our latest Hawk article, Hrishi Talwar shares the key mistakes that many financial institutions make, including: > Relying on generic, one-size-fits-all models  > Overlooking your own rich data signals  > Ignoring explainability in alerts 📖 Read the full post to learn how to sidestep the most costly mistakes: https://lnkd.in/eztq_4s2 #AI #fraudprevention #AML #financialcrime #explainableAI

This summer, we’re sharing what’s topping the Hawks’ lists for financial crime content — from money-laundering podcasts to exposés on global fraud.    Today we’re bringing you a recommendation from Maximilian Zander, Senior Presales Consultant at Hawk    🎧 His pick: Coffeezilla (YouTube)    💡 Why? “Coffeezilla exposes financial frauds, scams, and fake gurus. Highly recommend!”    From deep dives on crypto crime to fake gurus preying on vulnerable victims, Coffeezilla unpacks the mechanics of modern scams — and the personalities behind them.    What are you reading or listening to this summer? Drop your recs in the comments.    👉 For more anti-fincrime picks from the Hawk team, check out our list: https://lnkd.in/dh4VNw6e     #financialcrime #AML #SummerReads #fraudprevention #Coffeezilla #compliance #fintech #Hawk 

How did BNPL experts Ratepay improve AML and screening, cutting false positives by 99% and reducing SAR filing time by 50%? As a fast-growing innovator in the payments space, Ratepay needed a flexible technology partner to strengthen its AML and screening operations.   Their challenges included:   💠 Managing complex transaction lifecycles from checkout to merchant payout  💠 Handling a wide range of customer risk profiles and compliance expectations  💠 Maintaining regulatory readiness while scaling operations efficiently With Hawk’s modular AML and screening technology, Ratepay:   ☑️ Reduced false positives by 99%  ☑️ Cut SAR filing time by ~50%  ☑️ Tripled suspicious activity coverage, without adding headcount  ☑️ Achieved end-to-end visibility across complex transaction flows What made Hawk the right fit for Ratepay?  💠 Real-time payment screening  💠 Instant, no-code rule creation  💠 Centralized case management "Having a technology partner that really knows what they’re doing and anticipates your requirements...I can’t tell you how much easier that makes everything for us," says Denny Axt, Director of Compliance & AML Officer at Ratepay.    "I’d say this: if you’re looking for a partner who truly understands the regulatory space, listens to what you need, moves fast, and actually delivers – go with Hawk. The tech is strong, the people are great, and honestly, it just works."   🔗 Read the full case study here: https://lnkd.in/dg2D8FxW Hawk is proud to work with industry leaders like Denny and the team at Ratepay - thank you for the ongoing trust and collaboration. #payments #fintech #BNPL #APM #regtech #AML #ecommerce #digitalpayments #hawkai #ratepay #fraudprevention 

As a Category Leader in the latest Chartis Research Enterprise and Payment Fraud Report, Hawk is redefining fraud prevention — using real-time AI and out-of-the-box insights to put true power back in the hands of fraud teams. “Too many fraud solutions create more noise and more work. We took a different path, with real-time AI” — that’s how our VP of Product, Fraud, Hrishi Talwar summed it up.   Curious to see what sets leaders apart in the fraud space? Dive into the full report and see why institutions globally trust Hawk to safeguard their transactions: https://lnkd.in/e2jW5m75 #AI #fraudprevention #financialcrime #regtech #ChartisResearch #compliancetech  

€100 million. 8 EU authorities. One mission: Stop crypto-enabled financial crime. Regulators and central banks across the EU are teaming up in the fight against financial crime across crypto. Our CEO Tobias Schweiger spoke to ACAMS Money Laundering News about the EU’s first joint effort to invest in crypto transaction monitoring technology, a clear sign that oversight in the sector is ramping up.     🔗 Read the full story: https://lnkd.in/eBkQ6CWX   #AML #crypto #financialcrime #regtech #compliancetech #blockchain #Hawk #ACAMS #AI #fraudprevention 

What’s currently keeping AML teams awake at night?   In our latest report with Celent, we asked banks and credit unions to identify the top AML challenges they’re facing: - 77% say that analyst staffing is a concern   - 40% cited false positives as a major burden  - 1 in 3 firms are challenged by AI model development and maintenance The data makes one thing extremely clear — AML teams are under mounting pressure. As threats evolve and workloads rise, banks are being pushed to modernize faster.   AI is the key to maximizing AML compliance efficiency and effectiveness.    👉 Read all of the stats in the full report: https://lnkd.in/dzyvhatd    Alternatively, contact Hawk for a demo on how we’re using explainable AI to help banks manage AML compliance more effectively and efficiently.    #AML #Celent #financialcrime #fraudprevention #regtech #Hawk #fintech

It’s time for the July edition of our AI in anti-financial crime newsletter! This month we show how you can maximize fraud prevention accuracy with tailored AI models that can be trained in days, not months. We also bring you: ✅ How is Alviere delivering a wide range of embedded finance products to customers with different risk tolerances across several regulatory jurisdictions? The answer: with Hawk’s multi-tenant infrastructure, no-code rules management, and flexible approach.  ✅ 25 key takeaways from our webinar on fraud and AML convergence with ACAMS ✅ Insights from the Chartis Enterprise and Payment Fraud report, which recognized Hawk as a category leader If you’re looking to improve your AML, screening or fraud prevention technology, contact us for a demo today. #AI #fraudprevention #fincrime #AML #compliance #frauddetection #Hawk #ChartisResearch #fintech 

Alviere delivers branded financial products to retailers and other firms, including accounts and wallets, card issuance, payments, and global money transfers. Like other embedded finance providers, Alviere faced the challenge of meeting their AML compliance goals when they have: 🔸A wide range of financial products  🔸Customers with different risk tolerances  🔸Several regulatory jurisdictions to consider That’s why Alviere chose Hawk for flexible AML transaction monitoring and screening technology. With Hawk’s platform, Alviere has:   ✅ Reduced case review time by 60%  ✅ Improved screening accuracy  ✅ Minimized false positives 👉 See what Jorgen M Osio Norgaard, Alviere’s Chief Compliance Officer, had to say: https://lnkd.in/gzC_iatW 📩 Want to know more about how Hawk can help your organization? Reach out for a demo.    #AML #Sanctions #ComplianceTech #FinancialCrime #Fintech #Alviere #RegTech #AI

The Hawk team is delighted to welcome Hrishi Talwar as our new VP of Product, Fraud. Prior to joining Hawk, Hrishi held senior product leadership roles at Equifax, Fiserv, and Vesta, where he helped define product strategy across fraud, compliance, payments, and analytics — enabling institutions to stay ahead of evolving threats. At Hawk, Hrishi will oversee strategy and development of Hawk’s fraud prevention product suite. This will include the roll-out of solutions leveraging large transaction models (LTMs) and agentic AI, as well as driving further convergence of fraud and AML (FRAML) to help institutions respond to financial crime with greater speed, precision and operational efficiency.   Welcome aboard, Hrishi! 👉 Read the full announcement here: https://lnkd.in/eP7BD6S7 Hawk’s global growth continues! We’re looking for ambitious individuals to join our mission. Check out our open roles: https://lnkd.in/ehT2vqcn #Hawk #leadershipannouncement #fraudprevention #fincrime #joinourteam #Hawkcareers 

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝘁𝗼𝗽 𝘁𝗿𝗲𝗻𝗱𝘀 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝗔𝗠𝗟 𝗮𝗻𝗱 𝗳𝗿𝗮𝘂𝗱 𝗰𝗼𝗻𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 𝗮𝘁 𝗨𝗦 𝗯𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗰𝗿𝗲𝗱𝗶𝘁 𝘂𝗻𝗶𝗼𝗻𝘀? Our latest report with Celent shows that convergence is gaining serious traction — and delivering real results. From $5M+ in cost savings to smarter collaboration, the data speaks for itself. Tap through to uncover what banks are doing — and why it’s working.   Read our full report: https://lnkd.in/ejeEvVJS   #FRAML #AI #fraud #Celent #regtech #financialcrime #compliance #fraudprevention #AIincompliance