Hawk AI partners with Nikulipe, further enhancing AML Transaction Monitoring for Local Payment Methods in Fast-Growing and Emerging Markets

Share this post

Hawk AI, Germany’s leading provider of anti-money laundering surveillance technology for banks, payment companies, and fintechs, today announced a new partnership with Nikulipe, a Fintech company specializing in Local Payment Methods (LPMs) in Fast-Growing and Emerging Markets.

With this partnership, Hawk AI’s leading Transaction Monitoring to combat Money Laundering and other forms of financial crime will further strengthen Nikulipe’s objective to offer their clients best-in-class AML security both for existing and new services. Matching the needs of a fast-growing fintech, Hawk AI’s modular software and flexible APIs allow frictionless integration into Nikulipe’s systems.

For Nikulipe, this partnership will add another layer of security when expanding their portfolio of Local Payment Methods and to allow their clients – PSPs & their merchants – to expand their reach into more Fast-growing and Emerging markets.

“Providing Local Payment Methods in Emerging Markets to some of the largest PSPs and merchants globally is a matter of trust. Nikulipe strives to adhere to the highest level of AML and fraud prevention standards and is proud to work with a reputable and experienced partner like Hawk.AI, who cares about innovation and excellence as much as we do, said Frank Breuss, CEO at Nikulipe.

“While compliance is often seen as a roadblock to growth, companies who treat it as a priority can actually promote innovation, reduce time-to-market and scale more effectively,” said Tobias Schweiger, CEO & Co-Founder at Hawk AI. “We’re excited to support Nikulipe in their journey as an innovative connector of local payment methods to enhance financial inclusion across emerging markets.”

According to the UN, money laundering is an economic and societal problem, with up to $2 trillion being laundered annually, equivalent to 2-5% of the global GDP. Banks, Payment Service Providers, and Fintechs are constantly searching for platforms to improve their AML/Fraud transaction monitoring, screening, and customer risk initiatives to remain compliant and avoid financial losses.

The global e-commerce market volume is expected to reach US$1,396bn in 2023, with significant growth especially generated in Emerging markets. Many merchants, who would like to participate in these growth opportunities, worry about the unknown risks when dealing with new, complex markets. Nikulipe is specialized in helping PSPs and their merchants to avoid these complexities and mitigate risks when entering Fast-growing and emerging markets. Highest AML standards are a crucial component in this, ensuring clients have the best-possible protection from financial crimes, exceeding regulatory requirements where possible. The partnership with Hawk AI is a vital step in ensuring this.

Hawk AI recently won the Fintech Germany award and has continued successful international expansion into 2023. The US represents a significant portion of Hawk AI’s business, and the company recently launched APAC operations to service Southeast Asia.

Nikulipe_Logotype_Orange-01-1
Article by Nikulipe

More To Explore

Membership

Merchant Community Membership

Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.

Welcome

Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?