Hawk, a German regtech company, Presence in the Asia-Pacific regionannounced an extension to its Series B funding round, with an undisclosed amount.
With this extension, Rabo Investments joins existing investors BlackFin Capital Partners, Sands Capital, DN, Picus and Coalition.
According to Hawke, the new funding will support accelerated international expansion plans, driven by growing demand for the company’s AI-powered anti-financial crime technology.
Hawk’s explainable AI enables financial institutions to improve their financial crime detection and prevention capabilities while maintaining AML/CFT regulatory compliance.
Founded in 2018 by financial industry veterans, Hawk has reported rapid global growth and now claims to monitor billions of transactions worldwide.
An explainable AI approach will enable financial institutions to reduce false positive rates and detect new and unprecedented financial crimes.
Hawk’s modular solutions can augment or replace traditional rules-based systems with AI-powered transaction monitoring, payment screening, pKYC and real-time fraud prevention, delivering greater accuracy and less noise.
Martin Scortes
“Rabobank has been working with machine learning applications for many years, and what impresses us most about Hawk is how it uses explainable AI to deliver compelling results.
Their advanced screening, detection and monitoring capabilities align very well with our mission to build a safer and more robust financial ecosystem.”
Martin Scholtes, managing director at Rabo Investments, said:
Tobias Schweiger
“We are honored that Rabobank recognizes the importance of our technology and will join us in building a global market-leading company while directly benefiting from our solutions and experience.
We would also like to thank our existing investors for their continued support and look forward to continuing our partnership in the future.”
Hawk CEO Tobias Schweiger said:
Featured Image Credit: Free Pick
