WorkFusion

WorkFusion’s AI tool is designed to help mitigate the risks associated with Anti-Money Laundering (AML). This is achieved through the use of AI digital workers, specialized AI agents designed to manage various aspects of AML compliance.

These AI agents offer a variety of roles, including AML analysts, sanctions and adverse media screening analysts, transaction screening analysts, and customer identity program analysts, amongst others.

The AI agents enable organizations to scale their compliance teams swiftly and improve efficiency, thereby allowing the human team members to focus on higher-value tasks and improving customer satisfaction.

In addition to mitigating AML risk, the tool further incorporates aspects such as adherence to BSA/OFAC requirements, sanctions screening, transaction screening, and negative news investigations to ensure comprehensive fraud prevention.

There’s also an emphasis on enhancing customer service by dealing with customer inquiries quickly and efficiently. Moreover, the tool assists in customer lifecycle management by classifying email and attachments and routing them to the relevant internal teams for a prompt response.

Finally, WorkFusion’s AI tool aims at reducing manual work in the Know-Your-Customer (KYC) process, thus lowering risks while delivering a quicker and more efficient onboarding experience for customers.