Hawk

Banking-as-a-Service Focus Turns to Managing Financial Crime Risks
Banking-as-a-Service Focus Turns to Managing Financial Crime Risks
September 11, 2024  |  Security & Fraud

If you’re tracking year-to-date news stories, Banking-as-a-Service (BaaS) has been in the hot seat. The situation surrounding the Synapse bankruptcy and the limited ripple effect...

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AI Financial Crimes Platform Hawk Grows Funding to Drive International Expansion
AI Financial Crimes Platform Hawk Grows Funding to Drive International Expansion
July 31, 2024  |  Investments

Hawk has expanded its Series B funding amid a new investing partnership with Macquarie Capital. The company, which provides fraud prevention and anti-money laundering (AML)...

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Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Security
Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Security
July 24, 2024  |  artificial intelligence

In a world inundated with data, traditional methods of financial crime detection are becoming inadequate. Financial crime remains a challenge for financial institutions (FIs) worldwide,...

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Hawk Updates AI Platform to Enhance Financial Crime Detection
Hawk Updates AI Platform to Enhance Financial Crime Detection
July 03, 2024  |  artificial intelligence

Hawk’s artificial intelligence (AI)-powered anti-financial crime platform now includes additional capabilities for spotting risk by identifying links between data points. The company’s new Entity Risk...

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Hawk Adds New Funding Amid Demand for AI-Powered Crime Fighting
Hawk Adds New Funding Amid Demand for AI-Powered Crime Fighting
June 11, 2024  |  Investments

Hawk is raising funds to support increasing demand for artificial intelligence (AI)-powered anti-financial crime technology. The company on Tuesday (June 11) announced the extension of its Series B...

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43% of Fraudulent Transactions That Hit FIs Are Authorized
43% of Fraudulent Transactions That Hit FIs Are Authorized
June 07, 2024  |  Fraud Prevention

When it comes to payments fraud, the Federal Reserve actually splits the crime into two categories: authorized and unauthorized fraud. While unauthorized fraud — which...

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52% of FIs Plan to Lean on ML and AI to Combat Fraud
52% of FIs Plan to Lean on ML and AI to Combat Fraud
May 22, 2024  |  artificial intelligence

In the seemingly never-ending war to protect their customers and institutions from fraud, an increasing number of financial institutions (FIs) are deploying machine learning (ML)...

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New Report: Authorized Fraud Scams Damaging to Bank-Customer Relationships
New Report: Authorized Fraud Scams Damaging to Bank-Customer Relationships
May 09, 2024  |  Fraud Prevention

Despite ongoing efforts to educate consumers on protecting themselves against financial crime, increasing authorized fraud and scam instances are nightmares for banks and their customers....

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