IXOPAY Partners with Hawk AI
- Payments , AML and KYC
- 16.03.2022 11:30 am
The industry leading payment orchestration platform and white label solution, IXOPAY, has partnered with Hawk AI, Germany’s leading provider of anti-money laundering (AML) surveillance technology for banks, payment companies and fintechs. This strategic partnership boosts IXOPAY’s offering by giving its white-label clients access to state-of-the-art fraud prevention that uses traditional rules in combination with artificial intelligence to detect suspicious behavior.
IXOPAY’s white label solution lets fintechs, acquirers, and other payment companies scale their services by adding payment orchestration to their offering. One connection gives access to market leading software that is fully customizable, has a twenty-four-hour service line offering both customer and technical support, and is connected to over 140 acquirers and 3rd party providers. Ensuring flexibility for individual business needs.
Its new partner, Hawk AI, drastically reduces false-positives – a challenge for financial institutions – and provides all-in-one list management that powers payment and customer screening efforts. The Customer Risk Rating solution gives users the ability to understand their customers in depth. Managing AML processes and ensuring that businesses are protected is complicated and can be confusing. Hawk AI aims to make it as transparent as possible. Every decision that is made is explained in natural language that provides the transparency to ensure all stakeholders understand and trust the performance of AI-powered AML.
Quote “The ability to scale quickly and effectively is essential in payment ecosystems, which is why IXOPAY is excited to partner with leading AML provider, Hawk AI. Together, we can offer users the connections, flexibility and protection needed in order to scale effectively”. Said Rene Siegl, Founder and Executive Chairman of IXOPAY.
“The payment sector is currently experiencing significant growth and innovation, a perfect time for our partnership with IXOPAY," said Tobias Schweiger, CEO and CO-Founder of Hawk AI. "AI-powered AML surveillance isn't just about ticking compliance checkboxes. It's a powerful way to remove growth roadblocks for young companies while solving the efficiency bottlenecks holding back established market leaders. We look forward to delivering this in a flexible and scalable manner together with IXOPAY.”
Together, IXOPAY and Hawk AI will allow fintechs, banks, and payment companies to increase their businesses offering and strengthen their AML capabilities.