AUX AND HAWK:AI FORM PARTNERSHIP TO BRING COMPLIANCE SERVICES TO U.S. CREDIT UNION MARKET

Aux and HAWK:AI have formed a partnership to bring credit unions easy access to HAWK:AI’s suite of advanced financial fraud and AML solutions. The company combines advanced technologies such as machine learning and AI with regular rules-based fraud detection capabilities, thus, boosting the effectiveness of the anti-fraud teams at financial institutions. In addition, an intuitive interface and the use of natural language makes the HAWK:AI system very user-friendly, compared to other market alternatives.

“In an environment where fraud is on the rise and becoming increasingly more sophisticated, relying only on rules-based systems is costing credit unions billions of dollars in undetected fraud and ineffective team resources,” says Tobias Schweiger, HAWK:AI’s CEO & Co-Founder. “Since fraud and money-laundering are increasingly converging, managing both together in one interface and in real-time has become crucial to win the fight against modern financial crime.”

“We have reviewed the HAWK:AI solution and believe it to be easier to use and more cost-effective than other legacy products on the market today.  HAWK:AI's solution is cloud-based, making it more efficient and secure, and it comes with a full suite of AML core modules that are regularly being enhanced with new features and functionality,” according to Gaye DeCesare, VP of Compliance Services at Aux. “We are happy to partner with HAWK:AI to introduce this product to U.S. credit unions.”