Hummingbird provides a unified platform for anti-money laundering that integrates customer knowledge, case management, and regulatory reporting, enabling financial institutions to efficiently manage compliance workflows. By automating routine tasks and streamlining investigations, the platform reduces case processing time by 70-90%, enhancing productivity and minimizing risk in financial crime detection.
Funding
$38.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face challenges in efficiently managing anti-money laundering (AML) compliance workflows due to disparate systems and manual processes. This can lead to increased case processing times, higher operational costs, and greater risk exposure in detecting and preventing financial crime.
Solution
Hummingbird provides a unified AML platform that consolidates customer knowledge, case management, and regulatory reporting into a single interface. The platform streamlines compliance tasks by automating repetitive processes, improving the efficiency of investigations, and providing a comprehensive view of risk. By integrating with existing KYC sources, transaction monitoring systems, and data stores, Hummingbird enables financial institutions to build a deeper understanding of customer activity, manage cases with ease, and accelerate compliance processes. The platform's scalable architecture allows institutions to start small and scale up to more complex cases and multi-stage workflows.
Target Audience
Hummingbird is designed for financial institutions of all sizes, including banks, credit unions, sponsor banks, fintechs, crypto companies, and government and law enforcement agencies. The platform serves investigators, compliance leadership, and audit & oversight managers.
Features
- CRM purpose-built for compliance and risk teams to build a deep understanding of customers and their activity
- Case management and investigation workflows to track timelines, assignments, and consistent investigation procedures
- Automation builder to automate manual, repetitive tasks, speeding up casework and optimizing operations
- Automated case referrals to bank partners and Suspicious Activity Reports (SARs) filing in multiple countries
- Automated and customizable analytics in various formats, including APIs for data warehousing and in-app charting
- Intelligent handling of transaction monitoring alerts from any source
- Customer diligence tools to build a single source of truth for customers from a compliance and risk perspective