Hawk

Roses are red, violets are blue, Hawk fights financial crime—and we need you! We'd love you to come and join our global team! We're hiring in the US, Germany and UK, with vacancies in Engineering, Marketing, Product, Sales, and Solution Consulting: https://lnkd.in/dm6qTcxP Come and join our mission to fight financial crime and make the world a safer place! #aml #antimoneylaundering #hiring #openroles #ai #financialcrime #compliance #valentinesday

Flexibility, great technology, subject matter expertise, stability...banks and payment firms choose Hawk's anti-financial crime solutions for many reasons. The outcomes speak for themselves, as ONE’s MLRO, Anastasia Chernysh, explained in our recent case study: - Rapid implementation with a seamless go-live process - Enhanced precision with more true positives and fewer false positives - Reduced noise for analysts, allowing them to focus on what truly matters - Enhanced regulatory compliance - Boosted overall efficiency and productivity For a demo, get in touch with us here: https://hawk.ai/contact-us Read more about our work with ONE: https://lnkd.in/dS6zx7PD #aml #crypto #antimoneylaundering #cryptocompliance #payments #financialcrime #transactionmonitoring

How does AI help financial institutions improve AML thresholds? In our latest article, we provide a deep-dive into the challenges that come with thresholds and how AI can solve them, ultimately reducing false positives. Michael Shearer, Hawk's Chief Solution Officer, covers: The challenges of AML thresholds, including: - Diverse and complex customer bases make granular segmentation virtually impossible - Manually recalibrating thresholds is both labor-intensive and time-consuming - AML thresholds are often a significant source of false positive alerts due to their generic nature The stages of using AI for AML thresholds: - Model training - Implementation - Model retraining - Explainability The benefits of using AI for AML thresholds: - Granular segmentation - Fast recalibration - Regulatory transparency - False positive reduction Read the full article: https://lnkd.in/dKTGFsbU #aml #antimoneylaundering #amldetection #fincrime #amlthresholds #ai #explainableai #ainews #amlnews

How can firms get a better view of crypto anti-money laundering risk? Hawk can incorporate blockchain analytics risk scores into our rules and models to provide additional risk insights. These additional insights include visibility of the external wallets being used for withdrawals. These wallets might already be directly or indirectly connected to other wallets known for illicit activity, e.g., as deposit addresses for proceeds from ransomware attacks. This adds additional context to AML alerts and helps investigators better assess the potential risk of crypto transactions. To learn more about increasing risk coverage on crypto activity by combining BATs with AML transaction monitoring solutions, download our whitepaper with Deloitte: https://lnkd.in/dCPvvhq3 #aml #crypto #antimoneylaundering #cryptomonitoring #cryptocompliance #financialcrime #blockchain #transactionmonitoring

What an incredible few days in Munich for Hawk's Sales Kick-Off! We celebrated last year’s achievements, gained valuable insights for the journey ahead, and energized our team for what's shaping up to be a remarkable year. A heartfelt thank you to our amazing customers for sharing their experiences and perspectives - very inspiring. And hats off to our Product team and everyone who contributed to making the event insightful and impactful! The highlight? Wrapping up the week with a fantastic SKO Awards Dinner, celebrating in style and recognizing the power of teamwork and success. Here’s to an exciting year filled with growth, innovation, and collaboration! #SalesKickoff #AML #AntiMoneyLaundering #Fraud #Payments #Fintech #Banking #FinCrime #FinancialCrime #SKO

The Hawks have flown in from around the world for our annual Sales Kick Off! A chance to celebrate 2024’s growth and look ahead to an even stronger 2025! We're talking about: - How AI is changing the landscape for banks and payment companies in the fight against money laundering and other financial crime - The regulatory perspective - Exciting new product developments - And lots more It's also a great chance to get together - one of our values is "Our Team Is Why We Win" and celebrating the team spirit that we share is always special.  We're hiring, so check out our Careers page if you're interested in being here for next year's event :) #payments #antimoneylaundering #aml #fraud #fincrime #banking #fintech #saleskickoff #regulation 

Here at Hawk, we're used to seeing significant improvements in AML detection with AI. But large banks seeing an >85% increase in prediction accuracy, resulting in <15% false positives, has impressed even us. These results are being achieved with our AML AI Overlay. What's even more impressive is that the Overlay is delivering these wins on top of an FI's existing AML system - no major system replacement is necessary. Compliance teams can get: - Accuracy - Explainability - Speed Find out more here: https://lnkd.in/drDxeYZW Alternatively, contact us for a demo: https://hawk.ai/contact-us #aml #antimoneylaundering #ai #ainews #financialcrime #fincrime #amlcompliance

Thank you to Carla Bester, FRM, CAMS, and the Arise B.V. team for collaborating on our recent webinar “Unlocking Effectiveness and Efficiency With AI”. On the call, we covered: - The current challenges in financial crime detection - Comparing AI and rule performance - How does AI help in crime detection? - How does AI do a better job? - Real-world AI performance - Using AI to improve risk coverage Stay tuned for more insights and webinar sessions in 2025. #aml #antimoneylaundering #fincrime #webinar #banking #financialinstitutions #compliance #ai #transactionmonitoring

In the January edition of The Audit, we provide compliance leaders with a sure-fire way to get AML results from AI in 2025 without replacing systems: the AML AI Overlay. We're seeing prediction accuracy in excess of 85%, with false positives reduced to less than 15%. Best of all, this success is coming through AI optimization rather than a total system overhaul - delivering both precision and speed to financial institutions. Read more from Hawk’s CPO & Co-founder, Wolfgang Berner, and get access to a white paper on the overlay approach from Deloitte. Not subscribed yet? Let us keep you informed on AI in AML, fraud and other financial crime. #ai #ainews #banking #afc #aml #amlnews #fincrime #fincrimenews #explainableai

Another crypto exchange has been fined USD 100 million for breaching US anti-money laundering (AML) laws. How can crypto firms avoid such crippling penalties? Hawk's Chief Product Officer, Wolfgang Berner, has teamed up with Martin Hirtreiter and Dr. Robert Schmuck from Deloitte to propose the combination of blockchain analytics tools (BATs) with AML transaction monitoring solutions. In the white paper, they look at the limitations of BATs: - End-to-End Fiat & Crypto Monitoring: BATs often can't track fiat-to-crypto exchanges, a critical aspect of money laundering schemes - Pattern Analysis: BATs typically fail to detect suspicious transactional or behavioral patterns beyond basic rule-based scenarios, which are crucial for regulatory compliance and identifying money laundering - Indirect Risk Scoring: BATs often assign indirect risk scores, as only a few blockchain addresses are directly linked to crimes. This leaves analysts with too much discretion in deciding whether to file a Suspicious Activity Report (SAR). As a result, these limitations contribute to several issues: - Low detection rates, increasing the risk of misuse for money laundering - Technical shortcomings in complying with money laundering laws and regulations - Inefficiencies in alert clearing processes and high numbers of false positives Read the full white paper for more useful insights: https://lnkd.in/dCPvvhq3 #aml #antimoneylaundering #crypto #cryptocompliance #cryptomonitoring #financialcrime #transactionmonitoring