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Hawk AI and Diebold Nixdorf Partner for New AML Surveillance and Fraud Prevention Solution

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  • New Finovate alum Hawk AI announced a collaboration with Diebold Nixdorf.
  • The partnership will facilitate the distribution and implementation of Hawk AI’s AML Surveillance and Fraud Prevention suite to banks.
  • Hawk AI made its Finovate debut earlier this year at FinovateSpring in San Francisco.

Hawk AI, a fraud-fighting and AML platform based in Germany, announced a new partnership with fellow Finovate alum Diebold Nixdorf. Together, the two companies will collaborate to distribute and implement Hawk AI’s AML Surveillance and Fraud Prevention suite in banks to enable them to combat financial crime more effectively. The initial focus on the collaboration will be in Germany, Austria, and Switzerland, and will make it easier for Diebold Nixdorf customers in particular to access Hawk AI’s financial crime fighting technology.

Hawk AI CEO and co-founder Tobias Schweiger said that the willingness of financial institutions to adopt technology like Hawk AI’s AML Surveillance and Fraud Prevention suite is due to both “operational considerations” as well as the demands of regulatory authorities, which 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.” Instead, Schweiger said, Hawk AI’s partnership with Diebold Nixdorf helps alleviate one of the critical problems to answering these regulatory queries; namely the challenge of implementing newer, better financial crime fighting technology. Schweiger credited Diebold Nixdorf for having the “strong know-how, and professional services capabilities” to make implementation easier and less risky for customers.

“We’re thrilled to work with Hawk AI, a pioneer in explainable AI-powered AML and modern fraud prevention,” Diebold Nixdorf Director Solutions DACH Walter Gries said. “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 technology to new financial institutions together.”

Founded in 2018 and headquartered in Munich, Germany, Hawk AI made its Finovate debut at FinovateSpring earlier this year. At the event, the company demoed its technology that combines AI with traditional, rule-based strategies to monitor financial transactions in real-time. When suspicious activity is observed, the platform sends alerts to financial crime specialists for further investigation. This helps limit the amount of false positives that can weigh-down the effectiveness of a financial crime solution and create unwanted friction for customers.

Hawk AI’s partnership with Diebold Nixdorf comes just one month after the German company reported that it was working with KYC and customer onboarding specialist Ondato. Announced last month, Hawk AI and Ondato have teamed up to offer an integrated KYC validation process that features AML transaction monitoring and behavioral analysis. Ondato CEO and co-founder Liudas Kanapienis highlighted this aspect of the partnership in his statement, noting that the collaboration will enable Ondato to “expand client onboarding and compliance management towards behavior monitoring.”

Also in August, Hawk AI teamed up with Aux, a credit union service organization (CUSO) that serves more than 200 credit unions in the U.S. The partnership will make it easier for credit unions to access Hawk AI’s financial fraud and AML solutions. Aux VP of Compliance Services Gaye DeCesare praised Hawk AI’s technology as “easier to use and more cost effective than other legacy products on the market today.” DeCesare also underscored the fact that HAWK AI’s technology is “enhanced with new features and functionality” on a regular basis.


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