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Hawk AI raises $17m in Series B funding

German based developer of anti-money laundering and fraud prevention tech raised $17m in Series B funding led by Sands Capital.

“Financial Institutions and regulators need to be able to understand and trust AI-driven decisions,” Hawk AI co-founder and CEO Tobias Schweiger told TechCrunch. “Full explainability of such an AI is the key to establishing trust and acceptance.”

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fraud, aml, europe