The Next Evolution of Hummingbird Apps: Instantly Discover, Access, and Buy Market-Leading Third-Party Data

We’re excited to announce Hummingbird’s new marketplace for third-party data, an easier, simpler way to find, access, and purchase person, entity, and other risk data. Starting today, five new screening providers are available through the marketplace: Minerva, Castellum.AI, OpenSanctions, OpenCorporates, and BrokerCheck.

Introduction

Compliance teams run on data. You need data to understand who your customers are, what risks they pose, and how they’re using your services. This is the same data your institution relies on to prevent, detect, and investigate financial crime.

But there’s one problem with all this data: it lives everywhere. If you talk to compliance leaders (and we’ve spoken to many), they’ll tell you just how difficult it is to not only get data to where you need it but also get a singular view of it. The result is analysts who end up stitching work together across tabs and tools, a process that’s both slow and error-prone.

Two years ago, we introduced Hummingbird Apps – our solution to this very problem. We set out to build an ecosystem of first-party tools and third-party data sources that would eliminate costly and time-intensive custom integrations. Since then, we’ve added over 20 integrations with commonly used SaaS vendors and third-party data partners, including Thomson Reuters CLEAR and Middesk.

Today, we’re excited to announce the next evolution of Hummingbird Apps: our new data marketplace, which allows you to discover, access, and purchase third-party data directly through Hummingbird. We’re equally thrilled to offer five new screening vendors, bringing new efficiencies to customer due diligence and financial crime investigations – say hello to Minerva, Castellum.AI, OpenSanctions, OpenCorporates, and BrokerCheck!

A faster, easier way to access third-party data

Integrating a new third-party data vendor can be a lengthy and involved process. You need to conduct due diligence on the vendor, navigate the procurement process, and go through implementation, not to mention all the ongoing management, from legal to billing.

But what if you could accomplish all of that with a few simple clicks? We’re making it dramatically easier to purchase and manage third-party data. Through our new marketplace, we’re offering compliance teams direct access to vetted, best-in-class vendors that are already integrated into the Hummingbird platform. There are no contracts to negotiate or integrations to build – just instant access to high-quality data.

Our new data marketplace unlocks the ability to:

• Quickly integrate new data sources: Discover, access, and purchase data from open and commercial third-party data providers, directly through Hummingbird. Our data sources come pre-integrated, meaning all you need to do is enable the ones that meet your needs and you can start using them right away.
  
  
• Test and add new vendors, without the switching costs: We know switching data sources can be a pain, and vendor lock-in can make this a costly exercise. When you buy third-party data through Hummingbird, you only pay for what you use – making it simple and painless to test and bring in new vendors.
  
  
• Focus on compliance, not vendor management: A lot of data sources can mean a lot of vendors to manage. Hummingbird helps you reduce operational overhead by giving you one place to manage your third-party data providers. You’ll benefit from standardized terms of service and consolidated billing.

New screening integrations to streamline your workflows

One area where data is especially abundant? You guessed it: customer screening. To truly know who your customers are (and what risks they pose), you need to collect all kinds of data, everything from checking against watchlists to searching for negative news.

With screening data integrated directly into Hummingbird, you can speed up customer due diligence and financial crime investigations. Our screening apps provide immediate access to the customer risk data that analysts need for fast, accurate decision-making.

It’s a radically more efficient way to conduct investigations. Here’s how it works:

• Search for subjects: Screen individuals for sanctions, PEPs, watchlists, adverse media, and more, directly from within your case in Hummingbird.
  
  
• View the results: Instantly review the search results. See, at a glance, if potential matches were found and high-level data about those matches.
  
  
• Disposition matches: Quickly disposition potential matches by comparing the search results to existing subject data and flagging any confirmed matches.
  
  
• Keep a complete audit trail: Hummingbird automatically stores positive matches and search history on the customer’s profile, streamlining the audit process.

Meet our market-leading data partners

That’s why we’re pairing the launch of our data marketplace with the announcement of five new screening providers, all available through our new data marketplace. Together, these data providers support screening for sanctions, politically exposed persons (PEPs), watchlists, adverse media, open-source intelligence (OSINT), and other risk data, such as licenses and ownership records.

Our new data partners deliver accurate, comprehensive coverage and include:

Castellum.AI

Castellum.AI provides global, real-time screening and ongoing monitoring, enabling Hummingbird customers to instantly identify risk across sanctions, PEPs, adverse media, and more across 200+ countries and territories. A patented data enrichment process enables accurate identification of sanctioned and other high-risk individuals and entities, while Castellum.AI’s advanced search algorithm reduces false positives.

Minerva

Minerva offers comprehensive global screening for sanctions, politically exposed persons (PEPs), open source intelligence (OSINT), and adverse media. With every search, Minerva analyzes billions of data points, delivering accurate, context-rich customer profiles.

Plus, OpenSanctions, OpenCorporates, and BrokerCheck

• OpenSanctions: OpenSanctions brings together data from 270+ global sources on persons and companies of political, criminal, or economic interest. These sources include sanctions, politically exposed persons (PEPs) data, and criminal watchlists.
  
  
• OpenCorporates: OpenCorporates provides access to legal entity data, including ownership information and company filings, from over 140 government registries and other official sources worldwide.
  
  
• BrokerCheck: BrokerCheck surfaces critical information about financial brokers, advisors, and firms. This includes brokers barred by FINRA, disciplinary events, investment-related arbitrations and complaints, and more.

The future of compliance starts now

Fragmented data and siloed tools have long been a thorn in every compliance team’s side. It’s the #1 problem that compliance leaders see standing in the way of greater efficiency. With Hummingbird Apps and now, with our third-party data marketplace, we’re tackling that problem head-on.

But there’s more still to come. We’re bringing you more data and more automation. Expect to see additional third-party data providers in our marketplace, covering identity verification, business verification, crypto screening, and more. We’re also expanding what you can do with Hummingbird Automations, giving you more ways to automate workflows using third-party data.

The future of compliance is integrated – and it starts today with Hummingbird.

If you’re ready to see how Hummingbird can help your team 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, Stripe, DraftKings, and Celtic Bank, trust to run their compliance programs.  

If you’re a current customer and want to learn more, log in and visit our help center.