Tag: financial crime detection

Unlocking AML capabilities: How graph databases revolutionise financial crime detection

Hawk, a key player in the FinTech industry, has announced a significant boost to its Series B funding today, marking an increase in valuation.

A familiar predicament haunts the global payments landscape: can financial institutions outgrow their compliance issues without stretching resources to the breaking point? Scaling staff often means soaring costs and growing complexity. RegTech company Hawk AI has outlined how it helped an payment processor improve their operations. 

Amidst growing acknowledgment of AI's prowess in uncovering fraud and financial crime, there remains a gap between those financial institutions (FIs) recognising its potential and those implementing it.