Hummingbird Acquires LogicLoop, Opening the Door for Risk and Compliance Teams Seeking Seamless Data Integration and Automation
Summary
SAN FRANCISCO--(BUSINESS WIRE)--Hummingbird, a leading provider of financial crime risk management solutions, today announced the acquisition of LogicLoop, a pioneer in no-code data integration and automation. “We envision a future where financial institutions can connect any data source, instantly access the information using queries or AI, and route it through automated procedures and into investigations to seamlessly facilitate compliance work,” said Joe Robinson, Co-Founder and CEO of Hummingbird. Additionally, information and decisions can be routed directly to any system powering financial crime operations, bringing the full sweep of an investigation under a single platform. By empowering risk and compliance teams to set up automated procedures on top of their data without the need for engineering resources, LogicLoop enhances the existing Hummingbird platform and offers even more ways to streamline their operations and keep their institutions safe. Designed to streamline anti-money laundering, anti-fraud, customer due diligence, and other compliance workflows, Hummingbird allows financial institutions to drive efficiency – without sacrificing accuracy or compromising on risk.