NAB Addresses AML Regulations With Hawk

Executive Summary

Comprehensive Compliance in Just 4 Months

North American Bancard (NAB), a leading payments technology company, provides end-to-end infrastructure that allows clients to offer a range of globally preferred payment types. NAB’s diversified platform accommodates mobile, online, and in-store environments and processes over $45 billion worth of electronic payments annually through credit, debit, and pre-paid cards, as well as ACH payments.

Serving hundreds of thousands of clients across the merchant economy, NAB has grown rapidly through both organic initiatives and M&A, having completed 10 acquisitions over the past 10 years. To facilitate growth and address strict transaction-monitoring requirements related to AML regulations, NAB required a cloud-native solution to support several existing payment systems and data sources, as well as entry into new industry verticals.

Through Hawk AI’s centralized money-laundering detection platform, NAB implemented an end-to-end compliance solution – from transaction monitoring and investigation to filing and audit trails – in just four months

Scalability and Results

1 Billion Transactions

Processed annually

$45 billion

annual transaction volume

>70% False-positive reduction

versus standard rules

4 Months

to full implementation

In their own words

“We tested and benchmarked many different systems in the marketplace and found Hawk AI to be a clear technology leader. In the payment processing business, you need flexibility, speed, and the ability to scale. The Hawk AI system delivers all those things. Their team has built leading-edge technology and applies a balanced approach between rules and AI.”

– Jim Parkinson, Chief Experience Officer North American Bancard

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