Ondato Ties with Hawk AI to Provide Integrated AML and KYC Suite

UK-based fraud prevention company Ondato has teamed up with Hawk AI to offer integrated AML and KYC processes.

Through this partnership, Ondato and Hawk AI will jointly offer an integrated KYC validation process combined with AML Transaction monitoring and behavioural analytics suite. Both solutions are modular and can be integrated quickly.

Customers will now be able to experience a unified, fast, and transparent process from ID verification to customer and payment screening, data validation, and transaction monitoring. With this new product offering the possibilities to identify suspicious behaviour and intentions of potential criminals increases during the KYC process.

Hawk AI's officials stated that partnering with Ondato enables customers that are evaluating advanced KYC solutions a seamless path to integrate AML and behavioural analytics at the same time. For fast-growing banks and payment firms, access to a comprehensive compliance offering has many advantages including much faster integration and go-live.

(Source: The Paypers)