Hummingbird Buys Quantimon to Prioritize High-Risk AML Alerts
By PYMNTS
AI summary of the source article
Hummingbird has acquired Quantimon to deepen its investment in transaction monitoring. The deal integrates Quantimon's machine learning anti-money laundering risk detection platform into Hummingbird's artificial intelligence orchestration platform for financial crime compliance.
Key facts
- Hummingbird acquired Quantimon to expand its transaction monitoring capabilities.
- Quantimon provides a machine learning platform for anti-money laundering risk detection and a federated learning network.
- Hummingbird operates an AI-powered orchestration platform for financial crime compliance.
Source excerpt · PYMNTS
Hummingbird has deepened its investment in transaction monitoring by acquiring Quantimon, the company said in a Wednesday (Oct. 28) press release. The acquisition adds the capabilities of Quantimon’s machine learning platform for anti-money laundering (AML) risk detection to Hummingbird’s artificial intelligence-powered orchestration platform for financial crime compliance. It also adds Quantimon’…