This partnership is set to advance the war against global money laundering by incorporating AI-powered surveillance into Alviere’s platform.
The aim of the partnership is to facilitate Alviere’s expansion into new markets. Alviere is known for providing global enterprises with a secure platform for delivering an array of financial products and services through a single integration. The HIVE platform, which combines Alviere’s proprietary technology and integrated tech from expert partners, now includes Hawk AI, fortifying Alviere’s AML processes.
Hawk AI specialises in providing a top-tier Fraud and AML Surveillance suite. This suite supports financial institutions in detecting and preventing financial crimes, promoting efficient investigation into suspicious account behaviour. With the addition of Hawk AI’s Customer Screening and Customer Risk Rating solutions, Alviere’s AML security will further bolster its position in the industry.
Additional details reveal that this partnership will enhance Alviere’s international expansion efforts. Chief Compliance Officer of Alviere, Luis Trujillo, emphasised the importance of AI-driven AML transaction monitoring and risk scoring for the company’s growth. He expressed excitement about partnering with Hawk AI, stating that this collaboration aims to uphold a best-in-class financial crimes compliance program, while ensuring a smooth customer journey.
Hawk AI CEO and co-founder, Tobias Schweiger said, “By building in compliance from the start, potential bottlenecks transform into innovation. Alviere already has a world-class compliance team and infrastructure in place, and we’re excited that Hawk AI’s surveillance technology will help them combat the evolving threats of fraud and money laundering with explainable AI.”
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