Hawk AI and Weavr partner to deliver contextual risk management for Embedded Finance

By Joy Dumasia

Hawk AI, Germany’s leading software provider of anti-money laundering surveillance technology for banks, payment firms, and FinTechs, announced a new partnership with Weavr, the technology company that makes it simple for any business to embed financial services into their digital applications.

With the partnership, Hawk AI’s full suite of Transaction Monitoring, Payment Screening, and Customer Screening will help support Weavr’s ambitious global growth plans to expand from Europe to the US. Additionally, Hawk AI’s Customer Risk Rating will allow Weavr to understand and dynamically score the risk of organizations using internal and external data alongside behavioural analytics. Matching the needs of a fast-growing FinTech, Hawk AI’s modular software and flexible APIs allow frictionless integration into Weavr’s systems.

Tobias Schweiger, CEO and Co-Founder of Hawk AI, said: “It’s great to count a company as exciting as Weavr among our valued customers. Close collaboration is vital to delivering real-time, effective AML surveillance in a transparent and explainable manner. We look forward to working with Weavr to ensure their comprehensive financial services remain at the highest level of AML/CFT compliance.”

Alex Mifsud, Co-Founder & CEO, said: “In our search for an AML surveillance suite, we wanted a long-term partner that we could innovate alongside, rather than a simple service provider. Hawk AI’s modular approach, flexibility, and focus on innovation for global growth together aligns perfectly with our design for a risk management solution that responds and adapts to the rich context and data that our Embedded Finance solutions can access when integrated into digital applications of all stripes.”

Recently, IBS Intelligence reported that Weavr, a London-headquartered technology provider that enables businesses with Plug-and-Play financial solutions, announced the close of a $40 million Series A funding round led by Tiger Global.