Alviere selects Hawk AI to fight money laundering

By Delisha Fernandes

Alviere, an embedded finance platform provider, has announced that it has selected Hawk AI, a provider of Anti-Money Laundering (AML) and fraud prevention technology for banks and payment companies, as an AI-powered surveillance suite provider to help enable expansion into new markets.

Alviere offers global enterprises the most complete and secure platform for delivering a full suite of financial products and services to customers, employees, and partners via a single integration. Through the partnership with Hawk AI, Alviere will maintain strict AML standards and processes to safeguard its enterprise clients globally.

“As Alviere expands internationally, it was critical for us to find an AI-driven AML transaction monitoring and risk scoring solution that could keep pace with our growth,” said Luis Trujillo, Chief Compliance Officer of Alviere. “We are thrilled to partner with Hawk AI by enabling it within the Alviere HIVE platform. Our goal is to maintain a best-in-class and industry-leading financial crimes compliance program while providing a safe and frictionless customer journey.”

Hawk AI’s leading Fraud and AML Surveillance suite helps financial institutions detect and prevent financial crime and supports the efficient investigation of suspicious account behaviour. The company’s Fraud and AML monitoring, Customer Screening and Risk Rating solutions will further strengthen Alviere’s best-in-class AML security for enterprise clients.

Tobias Schweiger, CEO, and co-founder of Hawk AI, said, “By building compliance from the start, potential bottlenecks transform into innovation. Alviere already has a world-class compliance team and infrastructure in place. We are excited that Hawk AI’s surveillance technology will help them combat the evolving threats of fraud and money laundering with explainable AI.”