From: RegTech Analyst
Money laundering detection platform hawk:AI has added software specialist Ratepay as its latest customer.
Ratepay is a payment solution provider which enables businesses to process payments including direct debits, payment in advance, online transactions and payment through instalments.
The FinTech chose hawk:AI to optimize its internal regulatory processes and improve security. It chose hawk:AI due to its ability to integrate with its existing technology.
hawk:AI provides a selection of tools for real-time transaction monitoring and crime pattern detection. Its AI technology learns from a clients’ historical data to lower false positives and offers traceability to ensure everything is auditable.
hawk:AI CEO Tobias Schweiger said, “Working with Ratepay, we were able to show that our modular solution can be used very quickly for a fast-growing payment service provider with special requirements from the online payment area.
“This was supported by the delivery of the solution as Software-as-a-Service (SaaS) and our standardized and flexible IT interfaces. Working with Ratepay, we were able to quickly adapt workflows, system intelligence and documentation to implement the compliance requirements.”
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