Written by Delisha Fernandes
- Anti-money laundering measures
- financial crime
- financial institution
PortX, an integrated technology company for financial institutions, has partnered with Hummingbird, which provides a compliance platform for anti-money laundering and financial crime investigations.
This strategic partnership aims to significantly simplify the process for financial institutions (FIs) to leverage Hummingbird's robust compliance platform. Hummingbird integrates customer knowledge, case management, investigations, and regulatory reporting into her one solution, enabling investigators to be as efficient as possible, increase productivity, and drive growth through compliance programs.
Compliance platforms streamline anti-money laundering, fraud, customer due diligence, and other compliance workflows. Hummingbird enables financial institutions to increase efficiency without sacrificing accuracy or sacrificing risk.
“We are excited to add Hummingbird to our rapidly growing connected fintech network,” he said. David Wexler, PortX CEO. “This partnership will allow us to automatically push flags of suspicious activity in our systems to Hummingbird. This not only streamlines the process, but also significantly reduces response times. , it strengthens financial institutions' ability to quickly address and proactively address potential issues, significantly improving their overall risk management and compliance posture.”
PortX provides open access to core data, enabling rapid project delivery, innovation, and optimal customer experience. Its solutions facilitate interoperability between internal systems and member services such as online banking, credit reporting, mortgage and loan applications, and provide a real-time, 360-degree view of customers.
“At Hummingbird, our mission is simple: fight financial crime.” Joe Robinson, Hummingbird CEO. “By partnering with PortX, we are able to bring top-level data integration capabilities directly into our compliance investigation platform, providing financial institutions with the most modern, agile, and powerful compliance tools on the market. This partnership is exactly what we need to more effectively combat financial crime.”
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