Hawk AI’s AML Solution Improves Anti-Money Laundering Techniques in Alviere Embedded Financial Platform
Denver, May 3, 2023 /PRNewswire/ — Alviere, a leading provider of embedded financial platforms, today announced Hawk AI, a leading global provider of anti-money laundering (AML) and fraud prevention technology for banks and payment firms, as an AI-powered platform. announced that it had been selected. A monitoring suite provider that enables expansion into new markets.
Alviere provides global enterprises with the most complete and secure platform for offering a range of financial products and services to customers, employees and partners through a single integration. The HIVE platform combines Alviere’s proprietary technology with integrated technology from leading expert partners, currently including Hawk AI. As a fully licensed and regulated financial institution, Arviere puts compliance and risk management at the heart of its services. Through its partnership with Hawk AI, Alviere maintains strict AML standards and processes to protect his enterprise clients around the world.
Hawk AI’s leading Fraud and AML Surveillance suite helps financial institutions detect and prevent financial crimes that other systems miss, while supporting efficient investigation of suspicious account behavior. The company’s fraud and his AML monitoring, customer screening and customer risk assessment solutions further enhance Alviere’s best-in-class his AML security for enterprise clients.
“As Alviere expanded internationally, it was important to find an AI-driven AML transaction monitoring and risk scoring solution that could keep pace with our growth.” Luis Trujillo, Chief Compliance Officer of Arviere. “We are excited to partner with Hawk AI by enabling Hawk AI within the Alviere HIVE platform. Our goal is to deliver best-in-class, industry-leading Maintaining a financial crime compliance program.”
Tobias SchweigerHawk AI CEO and co-founder explains AI’s role in fraud and AML monitoring: We hope Hawk AI’s surveillance technology will help address evolving fraud and money laundering threats with explainable AI. ”
About Arviere
Alviere’s end-to-end financial technology platform enables any organization to seamlessly integrate financial products and services into existing and new offerings. Alviere’s platform offers a wide range of configurable, branded financial products and services, including checking accounts, savings, card issuance, a wide range of payment options, international money transfers and web3 services. As the first fully regulated financial institution in the embedded finance industry, Alviere prioritizes regulatory compliance, security and fraud prevention. Visit alviere.com to learn how Alviere enables your business and empowers your customers’ financial needs and aspirations.
About Hawk AI
Hawk AI helps banks, payment companies and fintechs fight financial crime with AML and fraud surveillance. By leveraging explainable AI (patent pending) and cloud technology focused on information sharing, Hawk AI increases the efficiency and effectiveness of financial crime teams. Fully modular, cloud-native, and machine learning-enhanced, Hawk AI makes customer and transaction monitoring more efficient and ensures regulatory compliance. By combining traditional rules with artificial intelligence to detect suspicious behavior in real time, financial crime experts can investigate real-world cases of suspicious activity. This solution significantly reduces the false positive rate by over 70% compared to the traditional his AML/CFT solution. Founded in 2018 by seasoned fintech veterans, the company has scaled globally, processing billions of transactions in 60 countries. Hawk AI works with leading financial institutions and partners such as North American Bancard, Moss, Banco do Brasil Americas, Mambu, Visa and Lexis Nexis. For more information, visit hawk.ai.
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