Customer Spotlight

Scotiabank

Streamlining a key anti–money laundering (AML) process also creates a competitive advantage.
Read how the third-largest bank in Canada automated its adverse media search and achieved cost savings of $4.2M within six months.
Scotiabank story
We’ve been working with WorkFusion to apply Intelligent Automation to Adverse Media analysis and disposition. We’re on track to achieve huge return on investment, with a more compliant and efficient process.
— Andrew Szabo, VP Smart Automation, Scotiabank
AML compliance becomes
competitive advantage

Within only six months of deploying WorkFusion’s packaged solution for Adverse Media Monitoring, Scotiabank optimized its AML processes into a competitive advantage and freed up an amount of time and effort equivalent to more than 100 compliance analysts.

Find out how Scotiabank achieved these impressive results:

  • Increased adverse media search coverage by 50% (30 articles per name vs. 20)
  • Enhanced accuracy of news articles analysis, reducing the risk of missing something
  • Improved transparency by documenting decision-making behind each action
$15M
projected annual cost savings
95%
reduction in false positives
You can achieve great results, too.