A Team of Regulatory and Technology Experts Answer Compliance, Anti-Money Laundering, BaaS, Information Security, and Anti-Fraud Questions.
APRIL 28, 2021 – SAN FRANCISCO – Hummingbird, a RegTech company and provider of anti-money laundering (AML) compliance technology, is expanding their advisory services to offer live consulting with an initial, 30-minute exploration session, plus staff augmentation, AML training, and access to a network of regulatory experts.
“Compliance is a very difficult practice area for firms of any size, and it is becoming more difficult as the speed of technological change picks up,” said Matt Van Buskirk, Co-CEO and Co-founder of Hummingbird. “Compliance programs of the future need to be tech-native, agile, and efficient. Hummingbird helps its clients build compliance functions that scale.”
Hummingbird’s team includes former regulators, heads of compliance for both fintechs and global scale banks, policy makers, and the author of the American Bankers Association’s Guide to Regulatory Compliance. Hummingbird’s focus is on building compliance programs that can scale efficiently through better application of technology.
In addition, Hummingbird has a number of affiliated experts and firms they work with, so they can act as a single point of contact for access to a wide range of regulatory and compliance expertise.
Topics covered include: Anti-money laundering (AML/BSA) fundamentals, customer onboarding / KYC, transaction monitoring rule tuning, Suspicious Activity Reports (SARs), STRs and UARs, fintech sponsor bank readiness, diligence, and audits, regulatory licensing and exams, consumer protection, compliance program policies, transaction dispute management (Regulations E & Z), among others.
“Hummingbird was instrumental in helping us find the best bank partner for our program and pass their diligence process. Working with the Hummingbird Team was like a crash course in best practices for building an effective, scalable compliance program,” said Roger Morris, Co-founder & COO of Zoro.
“Hummingbird understands the fintech compliance space, even cutting-edge crypto use cases. They helped us get a handle on what to do strategically, which saved a lot of time and effort as we started to ramp up,” said Jai Ramaswamy, Chief Risk & Compliance Office at cLabs.
Less than a year ago, Hummingbird raised $8.2M in Series A funding led by Flourish Ventures, with support from notable Stripe alumni, Lachy Groom, Jon Zieger, plus seed investors including Hombrew, Designer Fund, and TTV Capital. Advisory services are now available and can be booked via: https://hummingbird.co/advisory-services/.
Hummingbird is designed to enhance anti-money laundering and counter-terrorist financing investigations. It reduces cumbersome paperwork, provides insightful analytics, and enables collaboration for compliance professionals and law enforcement agents. We’re on a mission to turn the tables against criminals who pollute our financial system. Modern criminals are sophisticated, tech-savvy, and agile. The tools used to fight financial crimes should be, too. To learn more, please visit hummingbird.co or follow on Twitter @HummingbirdFin and LinkedIn.