Latest AI News, Insights & Analysis

Coreworks raises $5m seed round to automate reporting

March 11, 2026

Coreworks, an artificial intelligence-powered business reporting platform, has raised $5m in a seed funding round led by Together Fund. The round will be used to...

Commerzbank and Hawk, a provider of anti-fraud and anti-money laundering (AML) technologies, are collaborating to optimize internal banking processes using Artificial Intelligence (AI). The “AML AI Extended Risk Model” solution supplements the bank's existing rule-based compliance systems to significantly increase effectiveness in combating financial crime. This partnership underscores Commerzbank's strategy of deploying AI purposefully for customer and market processes while adapting to specific regulatory requirements. “Given the complexity of the landscape, we can only successfully combat financial crime with the help of AI. It is a high strategic priority for us to proactively and continuously expand our compliance system architecture,” says Viktor Kraus, Cluster Lead Global Financial Crime Prevention Platform at Commerzbank. Tobias Schweiger, CEO of Hawk, emphasizes: “Banks must adapt to new threat scenarios in money laundering. Our AI-driven solution helps achieve this.” By using Hawk's extended risk model solution, banks benefit from complex AI models without the need for time-consuming updates to their existing technology. The software integrates seamlessly with legacy systems via an integration layer. Through this implementation, Commerzbank has: increased the accuracy (targeting) of alerts and reduced false positives, detected more novel cases of money laundering or fraud, and expanded software validation to include robust AI model governance. “Our software enables compliance teams to improve the quality and transparency of money laundering detection and investigations,” says Tobias Schweiger. “In this context, the explainable nature of our AI plays a central role – particularly regarding regulatory approval.” Hans-Georg Beyer, Group Chief Compliance Officer at Commerzbank, adds: “Commerzbank is using its position as a pioneer to conduct its fight against money laundering in an even more targeted manner. The collaboration with Hawk is a vital step in this direction.” About Hawk    Hawk is the leading provider of AI-powered anti-money laundering and fraud prevention technology. Banks and payment providers globally are using Hawk’s powerful combination of traditional rules and explainable AI to improve the effectiveness of their financial crime and compliance programs by identifying more crime, while maximizing efficiency by reducing false positives.

FinTech News

Why KYC is shifting to continuous risk monitoring

March 10, 2026

The know your customer (KYC) market is undergoing a fundamental structural transformation, according to SymphonyAI, moving away from periodic compliance checks towards AI-driven, continuous...

Big Data

TransUnion launches AI analytics agent with Google Cloud

March 9, 2026

TransUnion, a global information and insights company, has launched its AI Analytics Orchestrator Agent, a next-generation capability built on its OneTru™ solution enablement platform,...

FinTech News

Vor Systems raises $3m to streamline renewable energy deals

March 6, 2026

Vor Systems, an AI-enabled transaction platform built for complex renewable energy deals, has raised $3m in pre-seed funding led by Gigascale Capital, with participation...

Compliance

Denki raises $4.1m to bring AI to financial auditing

March 6, 2026

Denki, an AI-powered assurance platform for financial auditors at public companies, has raised $4.1m in a funding round, in an exclusive reveal to Crunchbase...

Banking Infrastructure

Levitate raises $16m to accelerate AI for small businesses

March 6, 2026

Levitate, an AI-powered relationship marketing platform serving more than 8,000 businesses, has raised $16m in a new funding round, bringing its total capital raised...

CyberTech

Circadence closes $16.4m round and launches RangeGPT

March 5, 2026

Circadence, a leader in AI-driven cyber readiness and advanced cyber range solutions, has closed a $16.4m investment round led by Seneca Partners, coinciding with...

Features

What decisions can machines be allowed to make?

March 3, 2026

Automation in compliance is no longer about assistance - it is about delegation. Across KYC, AML, sanctions screening and transaction monitoring, machines are not...

Company News

FinTech Pluvo raises $5m seed for AI finance platform

March 2, 2026

Pluvo, an AI-native financial analysis FinTech built for CFOs and FP&A teams, has announced a $5m seed funding round as it looks to accelerate...

Company News

Hexure launches first digital NIGO resubmission workflow

February 27, 2026

Hexure, a leader in AI-powered sales automation for insurance and financial services, has launched what it says is the first fully digital, end-to-end workflow...