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CIMB Bank partners with ACI Worldwide to unify real-time and cross-border...

May 23, 2025

CIMB Bank has partnered with global payments technology leader ACI Worldwide to consolidate all account-to-account payment types onto a single, next-generation platform.

Latest Analysis

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.

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Non-standard auto insurer Aspire General Insurance has partnered with insurance AI platform Liberate to introduce an AI-powered First Notice of Loss (FNOL) process.

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Aspire adopts AI FNOL system with Liberate

March 10, 2026

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EveryoneINVESTED’s science-based approach to targeted support

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Digital insurer Wakam UK has entered the UK motorcycle insurance market through a partnership with specialist intermediary Principal Insurance.

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Wakam UK partners Principal for motorcycle cover

March 10, 2026

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CIMB Bank partners with ACI Worldwide to unify real-time and cross-border...

Latest Analysis

Why KYC is shifting to continuous risk monitoring

Aspire adopts AI FNOL system with Liberate

EveryoneINVESTED’s science-based approach to targeted support

Wakam UK partners Principal for motorcycle cover