# FRAML Integrate your fraud and compliance programs Hawk enables financial institutions to realize the many benefits of AI-powered fraud and AML convergence, including cost savings, improved investigation context, increased detection accuracy, and enhanced response to regulatory requirements. ## Framl Solution Enhance your response to regulatory requirements with a combined approach ### The benefits of FRAML Many financial institutions, especially mid-sized or fast-growing FIs, have recognized the benefits of converging fraud and AML - 56% of mid-sized banks and credit unions have already converged AML and fraud systems - The cost savings are significant: 77% expect to save over $1M within the first 5 years of convergence, with 36% expecting savings to exceed $5M - Other benefits include increased detection accuracy and effectiveness, improved investigation context, and enhanced response to regulatory requirements A FRAML approach can enable FIs to overcome challenges in their AML and fraud prevention operations, including analyst staffing, investigation management, and cost optimization. ### The Hawk solution Hawk’s AI-powered platform enables FIs to successfully realize the benefits of converging fraud prevention and AML. With Hawk you can: - Provide data once across use cases with a shared data infrastructure - Respond in real-time but analyze activities over longer time frames - Consolidate insights on customers so fraud and AML teams consistently have the right information to make informed decisions​ - Provide flexibility to respond to changing demands and pivot resources to where they’ll have the most impact​ ## The Hawk Difference Discover what sets Hawk apart in combining Fraud & AML processes ### The Traditional Way - Two separate, complex technology stacks that are costly and difficult to manage - Misleading “real-time” claims that lag by seconds or minutes - Multiple API endpoints that complicate set up and data maintenance - Reliance on external support to manage rules - Offline sandboxes that rely on stale data - Ineffective, one-size-fits-all AI models - Slow investigations from manual data reconciliation and siloed data access - Machine-language AI explanations that slow down case reviews - Outdated user interface that slows down workflows and creates a steep learning curve for new users ### The Hawk Way - **Unified detection on a single platform** that simplifies system management, lowers TCO, and allows you to pivot resources - **True real-time response** (150 ms average) coupled with ability to analyze activities over longer time frames - **Single API endpoint** to provide data once/use for any use case - **Complete control to optimize detection** with agile, self-serve rule management and optimization - **Production-grade sandbox with live data** for reliable testing - **Day one defense models** for personalized protection at speed - **Consolidated insights on customers** so teams consistently have the right information to make informed decisions - **Contextual AI explanations** that give clarity, accelerating investigations - **Sleek interface and unified case management** ## Product Suite Unified financial crime & compliance management Combine insights, accelerate investigations, and streamline resource management with a single, consolidated system ### Customer Risk Rating Maintain due diligence throughout the customer lifecycle using dynamic and static data to maximize risk coverage ### Customer Screening Screen against global sanctions lists, watchlists, politically exposed persons (PEP) lists, and adverse media databases ### Payment Screening Screen payments to identify and prevent suspicious transactions, using powerful matching technology ### Transaction Fraud Monitor transaction behavior to detect fraudulent patterns across all channels and payment methods ### AML Transaction Monitoring Increase risk coverage and reduce false positives, with the option of explainable AI to significantly increase performance ### Alert & Case Management Get a holistic view of your alerts and maximize efficiency with a unified case manager ## Trends in Fraud & AML Convergence at US Mid-Sized Banks & Credit Unions Discover the benefits and ROI that US mid-sized banks and credit unions are already seeing from adopting a FRAML approach. ## Feature Highlight ## How Hawk drives end-to-end efficiency across fraud & AML - Unified Integration & Data - Precision Risk Detection - High Efficiency Analyst Toolkit - Streamlined Regulatory Compliance ### Unified Integration & Data Achieve FRAML quickly with a platform designed for convergence: - Purpose-built to ingest and process risk data in both real-time and bulk, allowing you to unify fraud and AML processes - Integration via a single API brings together fraud and AML data, facilitating a holistic customer view - Rapid time-to-value: Direct integration with core banking platforms, like CSI, FIS, Fiserv, and Jack Henry ### Precision Risk Detection Drive superior detection accuracy with explainable AI models and full control over your rules: - Respond to threats with agility: Optimize rule coverage without external support with self-serve rule configuration and sandbox testing - Slash false positives: Hawk's made-for-you AI models contextualize customer activities while improving analyst clarity - Get tailored typology protection: Leverage rapidly configured Day One AI models (for ATO, APP fraud and more) for custom protection at the speed of out-of-the-box models - Make defensible, audit-ready decisions: Rest assured with full model transparency and governance, including version control, model lineage, and AI explanations that provide transparent decision rationale to auditors and regulators ### High Efficiency Analyst Toolkit Maximize analyst productivity and eliminate blind spots with: - Consolidated case management: Consolidate all fraud and AML alerts into a single platform, eliminating data silos and streamlining resource management - Cross-functional collaboration: Intuitive dashboards and collaboration tools facilitate seamless information sharing and cross-training, reducing duplicate efforts - Program controls & quality assurance: Ensure analysts conduct all necessary tasks and make accurate, quality decisions with automated workflows, 4-eyes reviews, and alert sampling processes ### Streamlined Regulatory Compliance Ensure fast, transparent, and regulator-ready reporting. - Regulator-approved AI explanations: Hawk provides clear AI model explanations and complete model governance documentation, ensuring seamless audits and examinations - Centralized reporting hub: Manage and view all regulatory reports (SARs, STRs, CTRs) in one centralized space, simplifying process oversight - Smooth regulatory submissions: Easily prepare GoAML SAR reports and directly e-file SARs and CTRs with FinCEN, ensuring your reporting is as fast and streamlined as your converged FRAML operations ### Agentic AI ## Introducing: The AML Investigative Agent Instantly scale your AML operations with Agentic AI and boost the efficiency of your investigations