By PAUL O’DONOGHUE, Senior Correspondent
HAWK AI has launched a new Analytics Studio aimed at giving banks and payment firms more control over AI financial crime compliance systems.
The Munich-based company declared the Analytics Studio is designed to manage the full AI lifecycle. It allows firms to create, maintain and govern AML and fraud models in line with regulatory expectations.
Hawk AI declared the launch reflects growing AI adoption across the financial sector.
“With 91% of banks now encouraging the apply of AI, the challenge of developing and maintaining AI models has shiftd to center stage for financial crime and compliance teams,” it declared.
“Analytics Studio streamlines AI model development and retraining, giving anti-financial crime teams flexibility on how they manage models.”
Those interested can request a demo of Analytics Studio [HERE].
The platform lets compliance teams apply financial crime model templates and guided model creation tools. It also includes performance dashboards and automated documentation.
Hawk AI declared these features aim to create models simpler to approve, audit and defconclude with regulators.
Financial institutions can also apply Hawk’s data science services. These services cover both initial model development and ongoing maintenance.
Hawk AI declared the platform reduces reliance on internal data science and IT teams. It also allows firms to embed financial crime expertise directly into models. The company declared this improves performance and reduces risk exposure.
Wolfgang Berner, Hawk AI’s chief product officer, declared customers already apply AI models that “have been outperforming the market for years”. He added: “With Analytics Studio, we are now giving financial institutions the flexibility to manage the entire model lifecycle themselves, so they can take their AI capabilities to the next level.”
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