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Hawk AI and Scorechain partner to Introduce an End-to-End Transaction Monitoring Solution for Enhanced Compliance

Hawk AI Scorechain

Munich/Esch-sur-Alzette, 7 June, 2023 – Hawk AI, Germany’s leading software provider of anti-money laundering surveillance technology for banks, payment firms, and fintechs, today announced a new partnership with Scorechain, the leading crypto AML compliance solution provider, to unveil a holistic end-to-end transaction monitoring solution for comprehensive compliance.

With the partnership, Hawk and Scorechain unlock value by combining cutting-edge technologies and expertise. The integrated solution offers streamlined transaction monitoring and enhanced compliance capabilities, empowering businesses to navigate the digital landscape with confidence and efficiency.

“We’re excited to partner with Scorechain to bring cutting-edge, on-and-off chain surveillance technology to a broader market that can benefit from strong compliance programs that enable, rather than stifle, growth,” said Tobias Schweiger, CEO and Co-founder of Hawk AI. “The change needed to fight today’s sophisticated financial crime is best done through holistic solutions. Whether it’s fiat and crypto, explainable AI and rules, or partnerships between leading technology vendors, together is how we drive the industry forward.”

"Our collaboration with Hawk AI represents a pivotal milestone, combining the strengths of both companies to deliver a fully integrated, end-to-end solution,” said Pierre Gerard, Co-Founder and CEO at Scorechain. “By leveraging Scorechain's exceptional proficiency in detecting fraudulent activities in crypto asset transactions, we synergistically merge our capabilities. This partnership paves the way for our mutual customers to seamlessly integrate crypto assets into their service offerings while ensuring comprehensive compliance. Together, we provide a powerful solution that empowers organizations to navigate the complexities of the crypto asset landscape with confidence, trust, and a holistic approach."

“The crypto market, as well as the entire industry, is complex and under constant and dynamic development. Coping with such rapid progress requires an effective approach to AML compliance, including ensuring transparency and security. "TeoWex welcomes and appreciates cooperation with Hawk AI and Scorechain. The team is very professional, and the quality of the work produced is outstanding. To be noted is the entire team’s professional and business-friendly approach, which is extremely important for a start-up like TeoWex. We are confident that our cooperation will align the company’s standards of innovation with the latest developments in the industry and will ensure an efficient AML and fraud prevention", said Alexandr Iarovoi, CEO at TeoWex.

Hawk AI’s global growth has recently been accelerated by a Series B financing round. The company experienced 298% year-over-year revenue growth in 2022, recently won the coveted Fintech Germany award, and added Singapore to its global presence spanning Munich, London, New York, San Francisco and Paris.  Scorechain, the European Blockchain analytics technology leader, founded in 2015, recently introduced another cornerstone of its crypto AML and KYT platform with its fully automated Crypto Transaction Monitoring System. With 100+% YoY growth in 2022, and pre-A Round in 2021, Scorechain is now preparing for it’s A-Round.



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