Hawk AI supports Moss to deliver AML-compliant Transaction Monitoring for credit cards

Moss has selected Hawk AI to deliver intelligent Transaction Monitoring to Moss’s credit card customers to reduce false positives and improve efficiency

Munich/Berlin, September 2, 2021 – Hawk AI, Germany’s leading software provider of Transaction Monitoring for banks, payment firms and fintechs, today announced a new partnership with Moss, a Berlin-based expense and financial platform for all-in-one management of card payments, employee expenses, and invoices.

Under the partnership, Hawk AI’s software will monitor payments processed by Moss to detect transactions potentially linked to financial crime. For process efficiency, Hawk AI also minimizes the number of false alerts, reducing investigation workload for Moss.

Tailored to the needs of a fast-growing startup, Hawk AI’s modular software and flexible APIs allow frictionless integration into customer systems. Through its intuitive user interface and ready-to-use rule sets, the solution is instantly operational.

“We’re thrilled to count Moss among our valued customers,” said Wolfgang Berner, Co-founder and CPO of Hawk AI. “Managing AML risk in relation to business payments requires close collaboration to implement, operate and maintain highest standards in monitoring transactions. We look forward to working with Moss to ensure their payment operations and reputation are protected at all times.”

“Hawk AI’s system has been instrumental in supporting the AML compliance side of our business,” said Stephan Haslebacher, Co-founder of Moss. “The business customers we serve expect the highest level of Compliance. Hawk AI allows us to be the trusted partner we need to be.”

About Hawk AI

Hawk AI develops and operates a cloud-based software solution for the automated detection of suspected cases of financial crime. With Hawk AI, financial institutions can make their transaction surveillance more efficient and ensure regulatory compliance. Hawk AI's software uses a combination of traditional rules and artificial intelligence to detect suspicious behavior in real-time and presents such alerts to Financial Crime specialists for investigation. The solution drastically reduces false alarm rates, e.g., compared to legacy AML/CFT solutions. Hawk AI was founded in Munich in 2018 by experienced fintech entrepreneurs Tobias Schweiger and Wolfgang Berner and works with financial institutions and partners such as North American Bancard, Ratepay and Modularbank. In June 2021, Hawk AI secured a Series A funding of $10M USD from BlackFin Capital Partners and Picus Capital. Go to www.hawk.ai for more information.

About Moss

Moss is a technology-driven financial management platform for holistic spend management. It provides customers with easy and secure access to any number of virtual and physical corporate credit cards with higher limits than those of conventional providers. With the help of the underlying intuitive software, companies can not only create more transparency and overview in spend management, but also act more flexibly by enabling each individual employee to make purchases at any time. In addition, the digital processes for capturing and approving incoming invoices and the accounting automation features simplify the work of the finance department enormously-time savings included!

The Berlin-based FinTech company has been working on the spend management solution since 2019 with a team of over 100 finance and software experts. The company was founded by Ante Spittler, Anton Rummel, Ferdinand Meyer and Stephan Haslebacher.

Hawk AI media contact Oseon Natalie Kraus hawkAI@oseon.com +49-69-34 86 909-23

Moss media contact Mashup Communications Manja Rehfeld moss@mashup-communications.de +49 30 2574 9580