Hummingbird acquires Quantimon to prioritize high-risk AML alerts

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Hummingbird has acquired Quantimon, integrating its machine-learning AML risk detection platform and federated learning network into its own financial crime compliance orchestration platform. The federated learning network can share patterns observed by other institutions without sharing customer data. The platform will also rank alerts by risk based on historical alert dispositions, and gradually use third-party intelligence and patterns identified across the Hummingbird network to detect risk.