TL;DR:
- Alviere has chosen Hawk AI as an AI-powered surveillance suite provider to facilitate expansion into new markets.
- Alviere offers a secure platform for delivering financial products and services through a single integration.
- The partnership with Hawk AI reinforces Alviere’s compliance and risk management focus.
- Hawk AI’s Fraud and AML Surveillance suite helps financial institutions detect and prevent financial crime.
- Alviere aims to maintain a best-in-class financial crimes compliance program while ensuring a smooth customer experience.
- Hawk AI’s technology will help Alviere combat evolving threats of fraud and money laundering using explainable AI.
Main AI News:
Alviere, a top provider of embedded finance platforms, has partnered with Hawk AI, a global leader in anti-money laundering (AML) and fraud prevention technology for financial institutions, to aid its expansion into new markets. Alviere offers a comprehensive, secure platform that integrates technology from key partners, including Hawk AI, to deliver a suite of financial products and services to its customers, employees, and partners worldwide.
As a fully licensed, regulated financial institution, Alviere prioritizes compliance and risk management. With Hawk AI’s advanced Fraud and AML Surveillance suite, Alviere can maintain strict AML standards and processes to safeguard its enterprise clients worldwide.
Hawk AI’s Fraud and AML monitoring solutions are designed to detect and prevent financial crimes that other systems miss while supporting the investigation of suspicious account behavior. By integrating Hawk AI’s Customer Screening and Customer Risk Rating solutions, Alviere’s AML security for enterprise clients will be further enhanced. The CEO and co-founder of Hawk AI, Tobias Schweiger, notes the critical role of AI in fraud and AML monitoring.
“By building in compliance from the start, potential bottlenecks transform into innovation,” Schweiger says. “Alviere already has a world-class compliance team and infrastructure in place, and we’re excited that Hawk AI’s surveillance technology will help them combat the evolving threats of fraud and money laundering with explainable AI.”
Luis Trujillo, Chief Compliance Officer of Alviere, emphasizes the importance of finding an AI-driven AML transaction monitoring and risk-scoring solution that can keep pace with the company’s growth. “Our goal is to maintain a best-in-class and industry-leading financial crimes compliance program while providing a safe and frictionless customer journey,” Trujillo says. The partnership with Hawk AI will enable Alviere to do just that and continue to expand its business into new markets with the confidence that its AML standards and processes are world-class.
Conlcusion:
The partnership between Alviere and Hawk AI represents a significant development in the market of embedded finance platforms and anti-money laundering technology. By integrating Hawk AI’s advanced surveillance suite, Alviere strengthens its position as a leading provider of comprehensive financial solutions. This collaboration enhances Alviere’s ability to expand into new markets, ensuring the highest standards of compliance and risk management for its enterprise clients.
The incorporation of explainable AI technology in fraud and AML monitoring demonstrates a proactive approach to combating financial crime, instilling trust and confidence in the market. Overall, this partnership sets a new benchmark for the industry, emphasizing the importance of robust surveillance systems and innovation in the ever-evolving landscape of financial services.
