Hawk has launched the Analytics Studio, an AI management tool designed for banks and payment firms. This solution allows institutions to develop, maintain, and govern their AI models efficiently, helping them meet regulatory requirements and combat financial crime.

Global spending on anti-money laundering (AML) systems is projected to hit $75 billion by 2030, driven primarily by banks, which will account for 64% of this expenditure. The increasing complexity of regulatory frameworks is leading firms to adopt AI-enhanced technologies to improve detection and reduce false positives in compliance processes.