Hawk AI accelerates global expansion with USD 17 million Series B funding


Share post:

Hawk AI, a Munich-based provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, recently announced the closing of a USD 17 million Series B financing round to speed up product development and international expansion.

DN Capital, Coalition, BlackFin Capital Partners, and Picus Capital were among the new and existing investors who took part in the funding round, which was headed by Sands Capital of Washington, D.C. Financial institutions can fight financial crime with the aid of Hawk AI.

The company’s surveillance platform, which is supported by effective investigation of suspicious account behavior in a user-friendly case management environment and is powered by Explainable AI and based on flexible cloud infrastructure, assists financial institutions in identifying and preventing financial crime that other systems miss.

Read More: Hawk AI Accelerates Global Expansion With $17 Million Series B

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

Best Practices for FinTech Compliance

In financial tech (FinTech), following rules is important. FinTech firms operate in a fast-changing world. They must know...

UK Businesses Modernising to Enhance Security and Counter Fraudulent Activity

American Express today released new research revealing that UK businesses are investing in modernising their payment systems to...

LiquidityBook Redefines Trading Technology Again with Release of LBX PMS 2.0; Accelerates Multi-Asset Capabilities via Acquisition of Messer FS

LiquidityBook, a leading provider of cloud-native buy- and sell-side trading solutions, announced today the general availability of LBX...

PayPal, Venmo Credit and Debit Cards Are Now Available to Add in Apple Wallet

PayPal Holdings Inc. announces that customers now will get the option to add their eligible PayPal and Venmo...