Source: Hawk AI

Hawk AI, Germany’s leading software provider of anti-money laundering surveillance and anti-fraud technology for banks, payment firms, and fintech’s, today announced a new partnership with Diebold Nixdorf (NYSE: DBD), a global leader in driving connected commerce for the financial and retail industries.

Together, Diebold Nixdorf and Hawk AI will collaborate in distributing and implementing Hawk AI’s advanced Anti-Money Laundering (AML) Surveillance and Fraud prevention Suite in banks to support them to fight financial crime even more effectively. Diebold Nix-dorf has selected Hawk AI as a reliable partner that brings a new level of innovation to the world of fraud prevention, leveraging its state-of-the-art machine learning capabilities. The partnership will initially focus on Germany, Austria and Switzerland and will facilitate an even easier access to Hawk AI’s solution for all customers of Diebold Nixdorf.

“It is exciting to see an increasing number of financial institutions embracing modern technology like ours. In addition to operational considerations, this is also because regula-tors globally are starting to ask for answers to fast-changing Financial Crime trends which no longer can be addressed with old technology and too much labor,” said Tobias Schwei-ger, Co-founder and CEO of Hawk AI. “But implementing new systems is always a chal-lenge. Therefore, we are thrilled to partner with Diebold Nixdorf, who have strong know-how, and professional services capabilities to jointly deliver change while minimizing risk for our customers.”

“We’re thrilled to work with Hawk AI, a pioneer in explainable AI-powered AML and mod-ern fraud prevention,” said Walter Gries, Director Solutions DACH at Diebold Nixdorf. “While combating new fincrime techniques is urgently needed, financial institutions must ensure a transparent process where frontline workers, auditors, and regulators trust the results. Hawk AI’s systems provide this trust, and we look forward to bringing the tech-nology to new financial institutions together.”