Hawk AI Partners with COMO to Support Continued International Growth
Munich/Luxembourg, March 21, 2022 – 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 COMO Global S.A., the fully automated, end-to-end technical and regulatory payments infrastructure.
With the partnership, Hawk AI’s AI-powered AML Transaction Monitoring will help COMO Global S.A. identify red flags using a comprehensive set of rules in combination with behavioral analytics. This early detection of suspicious activity is vital to surface new cases before they become real threats. COMO Global S.A. will use this transaction monitoring for international, multi-currency payments through their iBAN-X by COMO service.
COMO Global S.A. is a Paytech. A fully automated globally connected Payment Service Provider (PSP), in charge of simplifying the world’s payments. In 2022, COMO Global S.A. has planned a solid, steady, safe, and sure expansion to other regions of the world in urgent need of digitalization, such as the regions of North and South America. COMO Global S.A. has plans to transform itself into a Next Generation PSP, with the ambitious vision of becoming one of the best Paytechs in the world.
“Detecting suspicious activity early and accurately is a cornerstone of effectively fighting financial crime. We’re excited to support COMO Global S.A., an innovative payments infrastructure and service leader, in this regard as they scale internationally,” said Tobias Schweiger, CEO and Co-founder of Hawk AI. “Our shared DNA of agile work based on leading technologies that deliver value now and as customers grow is sure to be a key driver of this successful partnership.”
“As the world increasingly becomes software-driven for everything we do (communication, social life, finances, trade, etc.), we see a new age of financial crime, characterized by complex interconnectivity and undefined geographies,” says Angela Nickel, CEO of COMO Global S.A.
“Given this shifting landscape, it is almost an obligation to have the proper guidance on how to mitigate the risk detecting suspicious activities early and accurately, to fight the present and future battle against financial crime.
We are proud to have Hawk AI on our side, a company with a futuristic vision helping financial institutions detect financial crime more effectively and efficiently. We are honored to be part of this successful partnership”.
Hawk AI develops and operates a cloud-based software solution for the automated detection of suspected cases of financial crime and money laundering. With Hawk AI, financial institutions can make their transaction surveillance more efficient and ensure regulatory compliance. Hawk AI's software uses a combination of traditional rules and artificial intelligence to detect suspicious behavior in real-time and presents such alerts to Financial Crime specialists for investigation. The solution drastically reduces false alarm rates, e.g., compared to legacy AML/CFT solutions.
Hawk AI was founded in Munich in 2018 by experienced fintech entrepreneurs Tobias Schweiger and Wolfgang Berner and works with financial institutions and partners such as North American Bancard, Ratepay, Moss and Tuum (formerly Modularbank). In June 2021, Hawk AI secured a Series A funding of $10 million from BlackFin Capital Partners and Picus Capital. Visit www.hawk.ai for more information.
COMO Global S.A. is a fully automated globally connected PSP. It is a sophisticated electronic platform composed of COMO World, COMO Synchro, and iBAN-X by COMO for all the PSP’s and Merchant’s global needs.
Hawk AI media contact
Oseon Natalie Kraus
+49-69-34 86 909-23
COMO media contact
Carlos Corea-Lacayo, PhD
Chief Communication Officer