WorkFusion

WorkFusion provides AI-powered digital workers designed to automate and enhance anti-money laundering (AML) compliance operations for financial services. These digital workers are pre-trained with years of AML experience and can be integrated into various functions to mitigate risk and improve regulatory compliance.

Key features:

- AI Digital Workers: Pre-trained AI models with up to five years of experience in AML-specific job roles, designed to automate and enhance compliance operations.
- Sanctions Screening: Automatically scales up capabilities for sanctions screening and name/PEP screening.
- Adverse Media Monitoring: Streamlines investigations of negative news and reduces the risk of regulatory penalties.
- Transaction Screening: Adjudicates false-positive sanctions alerts in near real-time, ensuring transactions are risk-free.
- Customer Service: Classifies email and attachments and routes emails to internal teams, resolving customer inquiries promptly.
- Know-Your-Customer (KYC): Reduces manual work, lowers risks, and delivers a faster and easier onboarding experience for customers.
- Transaction Monitoring: Enables earlier and faster escalation of potentially suspicious alerts.
- Custom AI Digital Workers: Fast, reliable, and easily tailored to fit specific needs in areas such as customer service, billing & invoices, or data analysis.

How it works:
1. Users access the web-based platform to interact with AI digital workers.
2. Digital workers are integrated into existing operations.
3. The platform provides detailed narratives and complete audit trails for regulators.
4. Users can dynamically scale operations to meet growth targets and increasing alert volumes.

Integrations:
Regional banks, Scotiabank, Deutsche Bank, LPL Financial

Use of AI:
WorkFusion's AI digital workers leverage generative AI to accelerate automation rates up to 95% STP, reduce error rates, and go beyond current template-based narratives. The system provides explainable AI aligned with Model Risk Management (MRM) requirements.

AI foundation model:
The foundation model is built on machine learning models trained with up to five years of experience in AML-specific job roles.

Target users:
- Financial institutions
- Companies requiring AML compliance automation

How to access:
WorkFusion's AI digital workers are available through a web-based platform. Users can request demos to understand how these digital workers can be integrated into their operations.