Munich/Tallinn, 26. October, 2022 – 42flows.tech, an Estonian IT company that provides middleware development and process orchestration services for banks and fintechs and HAWK:AI, Germany’s leading provider of anti-money laundering surveillance technology for banks, payment companies and fintechs, announced a strategic partnership and collaboration.
Customers of Hawk AI and 42flows.tech can now benefit from pre-built connectors with core banking systems without the need to develop integration from scratch. Thanks to 42flows.tech technology and a process orchestration engine, integration is done seamlessly without the need to write a single line of code.
Max Popov, COO of 42flows.tech, commented on the collaboration: “We are very pleased to partner with Hawk AI as we believe we have shared vision and common goals to bring technological advancements into the financial services sector. I believe that partnerships and collaborations have synergetic effect to bring more value to our customers.”
At the same time, Wolfgang Berner, CTO and Co-Founder of Hawk AI commented on the collaboration in the following way “Smooth integration and rapid time-to-live are key for financial institutions to effectively fight financial crime. We’re excited to partner with 42flows.tech to accelerate bringing AI-powered AML and Fraud Surveillance to the market even quicker.”
42flows.tech is an Estonian technology solutions provider for banks and fintechs. We design the flow of information between customers, solutions and providers. The company’s services include middleware development and process orchestration for integration between various banking systems such as core banking, KYC, AML, card issuing and processing, payments etc. Thanks to low-code open source technology, 42flows.tech process orchestration engine helps customers automate workflows and implement new products and solutions in a fast and efficient way, unlocking numerous new business opportunities, while accelerating growth.
42flows.tech was founded by three visionary fintech professionals with many years of professional experience Max Popov, Igor Luzhanskiy, and Andriy Sabanskiy. The company’s customers include Privatbank, Monobank, First Abhu Dhabi Bank and many more. 42flows.tech is an official partner of Visa and Viber and a member of the European Fintech Association. Visit www.42flows.tech for more information.
Hawk AI is a provider of Transaction Screening and Monitoring solutions for the detection and investigation of suspicious transaction activity with the goal of supporting a financial institution’s money-laundering prevention efforts and/or measures to combat the financing of terrorism (AML/CFT). With Hawk AI, financial institutions can make their financial transactions more regulatory compliant and efficient. Thanks to the wise and efficient combination of artificial intelligence and traditional rules, the company helps to detect suspicious behaviour in real-time and to provide investigation alerts to specialists in financial crime. The solutions of Hawk significantly decrease the false alarm rates compared to CFT/AML solutions.
Hawk AI was established in Germany in 2018 by two professional and innovative fintech specialists Wolfgang Berner and Tobias Schweiger. The company works with partners and financial institutions from all over the world, such as Tuum, Moss, Ratepay, North American Bancard, and many others. Visit www.hawk.ai for more information.
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