VR Payment taps Hawk AI to boost anti-financial crime offering

2 months ago

VR Payment, a costs master that is portion of nan DZ Bank Group, has teamed pinch German RegTech Hawk AI.

As portion of nan collaboration, VR Payment will usage Hawk AI’s package for transaction monitoring to place financial crime moreover much accurately – among different things pinch nan purpose of reducing mendacious alarms for suspicious transactions and customers to a minimum and frankincense expanding nan process ratio successful lawsuit processing.

Due to its modular architecture and nan optimized relationship of rules and artificial intelligence, nan German firm’s package is tailored to nan requirements of high-volume costs work providers and banks and enables complete integration successful a very short time.

Hawk AI co-founder and CEO Tobias Schweiger said, “We are thrilled to beryllium moving pinch VR Payment. We spot that successful Germany nan request for much effective and modern package solutions to forestall money laundering and fraud is expanding rapidly. Hawk AI is simply a world leader successful real-time usage of artificial intelligence to combat money laundering. By partnering pinch Hawk AI, VR Payment is truthful sending a clear awesome of nan value of invention successful preventing financial crime.”

VR Payment caput of compliance and officers Ciro De Biase added, “”We are very pleased astir nan successful implementation of nan package solution from Hawk AI, 1 of nan starring providers successful nan section of AI-based money laundering prevention. As an innovative costs work provider, we request a modern and effective solution that continuously keeps up pinch nan latest developments successful costs transactions and is transparent and unafraid astatine nan aforesaid time.

“We evaluated various package vendors connected nan marketplace and recovered Hawk AI’s exertion to beryllium nan astir precocious and nan astir suitable for us. The velocity of nan package implementation and nan result-oriented move of nan task implementation were remarkable.”

Earlier this year, Hawk AI entered into a business pinch FinTech Nikulipe, a institution that specialises successful section costs methods successful fast-growing and emerging markets.

Keep up pinch each nan latest FinTech news here.