VR Fee companions with Hawk AI to stop monetary crime with AI

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VR Fee companions with Hawk AI to stop monetary crime with AI
VR Fee, the cost specialist of the cooperative monetary group Volksbank Raiffeisenbanken and a part of the DZ BANK Group, has introduced a cooperation with Germany-based anti-money laundering and fraud prevention software program supplier Hawk AI.

With Hawk AI, VR Fee has chosen a software program supplier that goals to fight cash laundering and fraud with synthetic intelligence, machine studying, and software-as-a-service. As a part of the collaboration, VR Fee will use Hawk AI’s software program for transaction monitoring to determine monetary crime with the purpose of lowering false alarms for suspicious transactions and clients to a minimal.

 

Purpose for the partnership

Because of its modular structure and the optimised interplay of guidelines and synthetic intelligence, Hawk AI’s software program is tailor-made to the necessities of high-volume cost service suppliers and banks. In line with a VR Fee consultant, the cost service supplier wants an answer that retains up with the most recent developments in cost transactions but stays safe.
VR Fee companions with Hawk AI to stop monetary crime with AI

The consultant states that varied software program distributors in the marketplace had been evaluated and VR Fee discovered Hawk AI’s know-how to be essentially the most appropriate for them, particularly as a result of pace of software program implementation and the result-oriented dynamic of the venture implementation. In line with a Hawk AI consultant, the software program supplier sees that the demand for simpler and trendy software program options to stop cash laundering and fraud is growing quickly in Germany. 

Hawk AI’s options

Hawk AI helps banks, cost processors and fintechs cease cash laundering and fraud. To do that, the corporate makes use of know-how from the sector of cloud infrastructure and synthetic intelligence, which goals to make the combat towards monetary crime extra environment friendly. At the moment, Hawk AI processes billions of transactions in over 60 nations worldwide, nevertheless the corporate’s headquarters are in Germany.

VR Fee’s gives

VR Fee is a Germany-based cost supplier and, as an organization of the DZ BANK Group, the one full-service supplier within the palms of a financial institution. Along with working with cashless cost for the Volksbanken Raiffeisenbanken cooperative monetary community, VR Fee develops options for the implementation of its clients’ on-line and offline transactions. From community operation to card acceptance and modern in-app options to issuing providers, VR Fee goals to gives options throughout your entire worth chain of recent funds. In the mean time, VR Fee is liable for round 240,000 terminals and 5.8 million bank cards.

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