Introducing Hummingbird’s Unified Risk & Compliance Platform With New Solutions For Transaction Monitoring and Customer Screening

Today, we’re taking a major step forward – transforming Hummingbird from the leader in financial crimes investigations and regulatory reporting software to a future-proof platform for the entire risk & compliance lifecycle.

At Hummingbird, we’re continually reimagining risk & compliance work. We started with the most painful and inefficient area for nearly every team: the work of investigating and reporting on financial crime. It’s what industry-leading banks and fast-growing fintechs now trust us to automate and streamline for their teams.

But this is only one piece of the puzzle. While teams use Hummingbird for investigations and reporting, they use a different tool for customer screening and yet another for AML and fraud monitoring. Every disconnected workflow adds friction, increases the chance of missed risk, and drains valuable time that these teams don’t have.

We believe risk & compliance work shouldn’t be about stitching together broken pieces. It should be about clarity, speed, and precision – driving efficiency not only in investigations and reporting, but also upstream where the work of detecting and mitigating risk begins.

That’s exactly why we’re so excited to introduce our unified platform for risk & compliance operations with two powerful new solutions – Transaction & Risk Monitoring and Customer Screening – that give teams one place to detect, understand, and act on risk.

One unified platform for risk & compliance operations, with many modular solutions

The new Hummingbird platform unifies customer screening, transaction & risk monitoring, financial crimes investigations, and regulatory reporting. No more gaps between tools or wasted effort. Just one central place to orchestrate all of your critical workflows. 

Our new platform is built for how risk & compliance teams have always wanted to operate:

• Unified workflows: Detect risk, triage alerts, escalate and investigate potential issues, and file regulatory reports, such as SARs/CTRs, without breaking context.
  
  
• Modular by design: Use us for everything, or layer us in just where you need us most. You can seamlessly add new solutions and extend the platform over time.
  
  
• Plug & play setup: Hummingbird works with your existing tech stack. No-code integrations mean you can get started quickly without development overhead.

With Hummingbird, you can future-proof your operations – automating away low-value tasks, empowering your team with intelligent insights, and easily adapting your essential workflows as your business grows and your needs change.

Transaction & risk monitoring reimagined for tech-forward teams

For too long, monitoring solutions have been one of the clumsiest parts of compliance. Legacy systems are too rigid. Homegrown builds are too fragile. Both force teams into compromises – requiring you to transform your data into the vendor’s formats, rely on hard-to-use rules engines, or wait weeks to implement changes to monitor new risks.

Hummingbird takes a completely different approach. We connect directly to your cloud data warehouse and offer a suite of powerful and flexible monitoring capabilities on top of it. With our solution, your data stays where it is, accessible in your own schema, enabling you to rapidly build and deploy rules that are completely custom to you. It’s a solution that adapts and scales as quickly as you need it to.

With Hummingbird, you can:

• Use your data, as-is: Monitor any risk signal without duplicating or transforming your data. Because rules run directly on top of your warehouse, you can monitor any of your data – transactions, customers, accounts, behavior, and more – all in the formats you’re already familiar with.
  
  
• Build rules with SQL instantly: Turn insights into rules in minutes. Create and tune monitoring logic using the full power of SQL. There’s no new language to learn and no constraints on what’s possible. If you can express it in SQL, you can monitor it. Prefer no-code? No problem – start in SQL and refine using our no-code builder.
  
  
• Seamlessly go from alert to investigation: Alerts flow directly into Hummingbird’s integrated case management platform, where analysts can triage, investigate, and file regulatory reports. With AI-powered insights and automation at their fingertips, your team works smarter and faster.

Our monitoring solution is lightweight in all the ways you want – it’s quick to start, easy to adapt, and highly scalable. By leaving behind the technical headaches of legacy systems, Hummingbird offers a modern approach that’s built for the way risk & compliance operate today. The result: fast, flexible monitoring that actually puts you ahead of the curve.

Streamlined screening across the entire customer lifecycle

Our new Customer Screening solution adds integrated watchlist & risk screening to Hummingbird’s comprehensive Customer Due Diligence offering – enabling your team to screen customers, rapidly disposition alerts, and take action in one place. With trusted third-party data, flexible automation, and customizable workflows, your team can reduce operational bottlenecks and stay focused on real risks.

Our solution streamlines customer screening at every step:

• Automated and ad-hoc screening: Easily configure automated flows to screen individuals and businesses. You can schedule periodic re-screening or enroll customers in continuous monitoring. You can also conduct ad-hoc screening, allowing you to manually screen or re-screen on a one-off basis.
  
  
• Tailored to your risk tolerance: Every program is different when it comes to risk tolerance. Hummingbird puts you in control – define which lists to search, adjust match sensitivity, and configure different thresholds to reflect your risk appetite. You can customize the settings for different customer segments or risk scenarios, such as enabling fuzzy matching for high-risk customers.
  
  
• Support for the entire customer lifecycle: Hummingbird supports screening at every stage in the customer lifecycle, from onboarding and ongoing monitoring to investigations. You’ll accelerate approvals with automated screening tailored to your risk policies and stay on top of emergent risks with re-screening. You can even screen customers or counterparties during financial crime investigations.  

Your choice of trusted data providers for sanctions, PEPs, and adverse media

Hummingbird’s third-party data marketplace gives you instant access to top-tier data for sanctions, PEPs, and adverse media – no separate contracts, no implementation needed. Supported partners include:

• TRSS LincsConnect: Combines proprietary global risk data, AI technology, and human-refined intelligence to streamline screening and reduce false positives.
  
  
• Castellum.AI: Real-time screening covering sanctions, PEPs, and adverse media across 200+ jurisdictions, with patented algorithms to improve match accuracy.
  
  
• Minerva: Comprehensive screening for sanctions, PEPs, open-source intelligence (OSINT), and adverse media that analyzes billions of data points per search.
  
  
• OpenSanctions: Aggregated data from 270+ global sources on individuals and entities of interest, including those on sanctions, PEPs, and criminal watchlists.

Welcome to the future of risk & compliance

Hummingbird’s new unified platform for risk & compliance operations gives teams what they’ve always wanted: one place to orchestrate all of their critical workflows – without compromising on quality or requiring them to completely upend their existing systems.

Starting today, customers can use Hummingbird for customer screening, transaction & risk monitoring, financial crimes investigations, and regulatory reporting. Our solutions are easy to integrate, work well together and separately, and are designed to scale with your business and evolve with your changing needs.

If you’re ready to empower your team to work faster and smarter, schedule a demo today. You’ll get a firsthand look at the platform that innovative banks and leading fintechs, such as Affirm, BILL, DraftKings, and Celtic Bank, trust to run their risk & compliance programs.