PortX, the leading integration technology company for financial institutions, delivering open access to data and enabling rapid innovation through its Integration-Platform-as-a-Service (IPaaS), announced a new partnership with Hummingbird, the premier provider of compliance platforms for anti-money laundering and financial crime investigations.
This strategic alliance aims to significantly ease the process for financial institutions (FIs) to leverage Hummingbird’s robust compliance platform. Hummingbird combines customer knowledge, case management, investigations, and regulatory reporting into a single solution, making it as efficient as possible for investigators to drive greater productivity and growth from compliance programs.
“We are excited to add Hummingbird to our rapidly growing network of connected fintechs,” said David Wexler, CEO of PortX. “With this partnership, any flags in the system for suspicious activities can be automatically pushed to Hummingbird. This not only streamlines the process but also drastically reduces response times. It enhances the ability of FIs to promptly address and get ahead of potential issues, improving their overall risk management and compliance posture significantly.”
“Our mission at Hummingbird is simple – fight financial crime,” said Joe Robinson, CEO of Hummingbird. “By partnering with PortX, we’re able to bring top-tier data integration capabilities directly to our compliance investigations platform. It’s a partnership that allows us to provide financial institutions with the most modern, nimble, and powerful compliance tools on the market – exactly what you need if you’re working to combat financial crime more effectively.”
Source: Company Press Release
