• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Hawk Announces Series B Round Extension

SB Crypto Guru News by SB Crypto Guru News
June 11, 2024
in DeFi
0 0
0
Hawk Announces Series B Round Extension


  • Munich, Germany-based Hawk announced an extension of its Series B funding round this week.
  • The amount of the extension was not disclosed. But the anti-financial crime regtech said that the investment did increase its valuation.
  • Hawk made its Finovate debut at FinovateSpring in 2022.

Germany-based regtech Hawk announced an extension of its Series B funding round. The amount of the extension was not disclosed, but the company noted that the investment did significantly boost its valuation. The extension included funding from Rabo Investments, and also featured participation from existing investors BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition. Hawk will use the additional capital to fuel international growth and to help the firm meet growing demand for its AI-powered anti-financial crime solutions.

“We’re honored that Rabobank has recognized the significance of our technology and joins us in building a global market-leading enterprise, while also benefiting first-hand from our solutions and experience,” Hawk CEO Tobias Schweiger said. “I would also like to gratefully thank our existing investors for their ongoing support and look forward to continuing our partnership.”

Hawk, which rebranded from “Hawk AI” earlier this year, offers anti-money laundering (AML) and counter-the-financing-of-terrorism (CTF) technology that leverages explainable AI to detect more financial crime and reduce false positives. In fact, the company’s AI-powered technology delivers a 3x to 5x increase in risk detection and a 70% average reduction in the number of false positives. Banks, payments companies, and other financial services firms benefit from the ability to combine AML transaction monitoring, payment screening, and (Perpetual KYC) pKYC in a single solution that also includes powerful fraud prevention capabilities.

“Rabobank has been working with machine learning applications for many years,” Rabo Investments Managing Director Martijn Scholtes said. “What impressed us most about Hawk is that they’re delivering compelling results using explainable AI. Their advanced screening, detection, and monitoring capabilities align very well with our mission to build a more secure and robust financial ecosystem.”

Founded in 2018 and headquartered in Munich, Germany, Hawk AI made its Finovate debut at FinovateSpring 2022. At the conference, the company demoed its AML Surveillance Suite, which leverages traditional rule-based models and AI to provide financial institutions with next generation AML compliance. “AI should be used to achieve three major outcomes,” Hawk GM of North America Steve Liú explained at the event, “one, finding suspicious and risky behavior that peer rule systems simply cannot; two, decrease the number of false positives drastically by using behavioral profiling on top of existing rules; and third, that all of this is fully explainable for operators and auditors, and available to our users on a platform allowing for secure information sharing.”

Hawk began the year by appointing former HSBC executive Michael Shearer as its Chief Solution Officer. Less than a month later, the company introduced new APAC General Manager Robin Lee, formerly of Napier. In February, Hawk won the XCelent Advanced Technology 2024 award and, in May, the company earned a spot on the 2024 FinTech Global Fincrime Tech 50.


Photo by Leon


Views: 290

Related



Source link

Tags: AnnouncesBitcoin NewsCrypto NewsCrypto UpdatesextensionHawkLatest News on CryptoSB Crypto Guru NewsSeries
Previous Post

TipLink Simplifies Crypto for New Users with Google-Linked Wallet

Next Post

Binance Introduces New Fee Structure for Managed Sub-Accounts (MSA)

Next Post
Binance Introduces New Fee Structure for Managed Sub-Accounts (MSA)

Binance Introduces New Fee Structure for Managed Sub-Accounts (MSA)

  • Trending
  • Comments
  • Latest
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Senator Lummis Introduces Digital Asset Tax Legislation

Senator Lummis Introduces Digital Asset Tax Legislation

0
Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

0
Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says

Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says

0
Pepe indicators remain bullish despite losing 9%; check forecast

Pepe indicators remain bullish despite losing 9%; check forecast

0
Polymarket bettors forecast 75% chance Bitcoin reaches 0k in 2025 as prediction volume jumps 30%

Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

0
AutoRek Unveils Reconciliation and Data Management Solution for Crypto, AutoRek Mion

AutoRek Unveils Reconciliation and Data Management Solution for Crypto, AutoRek Mion

0
Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

July 4, 2025
Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says

Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says

July 4, 2025
Polymarket bettors forecast 75% chance Bitcoin reaches 0k in 2025 as prediction volume jumps 30%

Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

July 4, 2025
Pepe indicators remain bullish despite losing 9%; check forecast

Pepe indicators remain bullish despite losing 9%; check forecast

July 4, 2025
Snorter Token Presale Raises .45M, Offering an Automated Trading Bot for Experienced Crypto Users

Snorter Token Presale Raises $1.45M, Offering an Automated Trading Bot for Experienced Crypto Users

July 4, 2025
VP.NET: The VPN That Doesn’t Ask for Your Trust – It Makes Tracking You Technically Impossible

VP.NET: The VPN That Doesn’t Ask for Your Trust – It Makes Tracking You Technically Impossible

July 4, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.