German RegTech Hawk AI has appointed Michael Shearer, a compliance veteran from HSBC, as its chief solution officer.
Founded in 2018, Hawk AI’s surveillance platform aids financial institutions in detecting and preventing fraud and money laundering. The company secured $17 million in Series B funding last year and has collaborated with notable firms such as Banco do Brasil Americas, Mambu, Visa, and Lexis Nexis.
Shearer joins Hawk AI after nearly a decade at HSBC, where he served as the group head of compliance product management, playing a crucial role in providing the bank with advanced systems, tools, and data to mitigate financial crime risk. Before his tenure at HSBC, he spent 20 years in government intelligence and counter-terrorism.
Shearer remarked, “I’ve seen a broad range of technology during my 30 years in intelligence and banking, and Hawk’s solutions for AML and fraud are the real deal – engineered for the future and delivered by an extraordinarily talented team with deep industry knowledge.”