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Platforms based on machine learning have many practical applications, particularly for process automation, and are shaping the way companies operate. WorkFusion offers businesses a variety of pre-configured models, orchestrated within AI Digital Workers, as well as as the option to create custom-built models and automation…
PeerSpot’s PeerPaper™ Report 2024 Read our new paper in collaboration with customer feedback and PeerSpot expertise to learn: 1- The five key benefits of WorkFusion AI Digital Workers 2- First-hand AI Digital Worker reviews from financial institutions 3- How this new generation of machine learning tools work harder and…
We’re happy to announce the general availability of Work.AI by WorkFusion v10.2.9. This powerful platform now boasts even greater usability thanks in part to the integration of GenAI-powered features, making it easier to build ML Models and Automation flows. Testing features are now improved, and analytics may be delivered…
WorkFusion is part of FinTech Global's 4th annual AIFinTech100. The ranking highlights" the leading movers and shakers who are creating a new era of artificial intelligence technologies in the financial sector to foster efficiencies and innovation" and were culled from more than 2,000 potential FinTech submissions.…
WorkFusion has announced the general availability of its third generation of Digital Workers, Evelyn, an AI adverse media and sanctions screening alert review analyst and Tara, an AI transaction screening analyst. The latest release, which incorporates GenAI, provides significant product enhancements and further…
I am working on a use case that requires automation of Mainframe application. I am using version 10 and unable to get much support materials on Mainframe automation using ODF. Can you please guide me on the documentation and how to proceed further.
Has anyone noticed any influences to maintaining AML/Sanctions Compliance as of yet? Who's concerned about new risks resulting from FedNow?
We have several webinars coming up later this month. The first is on adverse media monitoring, the second is on sanctions screening. What other topics would you like WorkFusion to do a deeper dive on? Putting AI to Work with Adverse Media Monitoring | WorkFusion Putting AI to Work with Sanctions Screening | WorkFusion
Hi all - faked documents or IDs have always been a risk, but thanks to a rapid democratization of AI technologies it's now easier than ever for a bad actor to create high fidelity fake content. I'm wondering what actions or considerations folks are taking about this risk? Or is it still such an edge condition it's not…
We are looking to upgrade Evelyn and expand her capacity. Any recommendations from how others have done so?
WorkFusion is proud to be recognized for the sixth consecutive year in Everest Group’s PEAK Matrix® Assessment for Intelligent Document Processing (IDP) 2024, as well as positioned as the highest Leader in the Banking-specific IDP Products PEAK Matrix® Assessment 2024.
As the discussion around the future of work and the balance between AI and human beings continues, WorkFusion CEO Adam Famularo recently sat down with Diginomica to talk more about the benefits of leveraging a digital workforce. We invite you to read Diginomica’s article, which features highlights from the interview and…
Today, we formally launched our newest AI Digital Worker, Isaac, a Transaction Monitoring Investigator at ACAMS in Las Vegas. Isaac is our first new Digital Worker since our initial six were released on February 2, 2022. Transaction monitoring (TM) is required for anti-money laundering/countering the financing of terrorism…
15 year Financial Services expertise. Lawncare enthusiast Avid golfer and weightlifter Father, Husband. Every day I practice gratitude!
An AI-driven adverse media screening alert review analyst is critical to any KYC (know your customer) program. Also referred to as a Digital Worker, the AI Agent is a technology control that both intelligently automates L1 alert reviews and easily expands the breadth of research into multiple information sources. For this reason, banks and other […] Visit WorkFusion. This content is property of WorkFusion, Inc. Any unauthorized use is prohibited.
Welcome to the November 2024 summary of news you can use as your bank or other financial institution attempts to stay up to date on the world of BSA/AML compliance. Our monthly series of curated news about FinCrime regulatory developments, resources and stories. In this edition, four main stories emerge: And people The FATF fails […] Visit WorkFusion. This content is property of WorkFusion, Inc. Any unauthorized use is prohibited.
Sanctions screening and adverse media screening are two of the most effective processes that banks and other financial institutions (FIs) have for helping to manage and mitigate risk, particularly financial crime risk. When done well, both processes use AI to help review and adjudicate alerts with great impact, as you can see from our recent […] Visit WorkFusion. This content is property of WorkFusion, Inc. Any unauthorized use is prohibited.
If you are a frequent reader of the WorkFusion blog, you are well aware of how common it is for financial institutions (FIs) to struggle to keep pace with nefarious and sanctioned actors or the array of AML and sanctions regulations put forth to stop them. You can read many recent examples in our monthly […] Visit WorkFusion. This content is property of WorkFusion, Inc. Any unauthorized use is prohibited.
Organizations are drowning in sanctions alerts. Sanctions screening tools generate a significant number of alerts— of which over 99% are false positives. This can create a huge workload for compliance teams. That’s why WorkFusion has automated the sanctions screening alert review process with AI-enabled sanctions screening alert review analysts. They are technology controls that intelligently […] Visit WorkFusion. This content is property of WorkFusion, Inc. Any unauthorized use is prohibited.
