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.

Download case study

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

Download case study

$15M

projected annual cost savings

95%

reduction in false positives

You can achieve great results, too.

Learn more about our AML automation solutions

Explore more stories like this one

Deutsche Bank

Deutsche Bank Innovation Labs recognized by Global Finance Magazine

Learn more

Standard Bank

Digitizing Africa’s largest bank
with Intelligent Automation

Learn more

Carter Bank & Trust Customer Story

A regional bank reduced operational costs by $2.5M by automating Account Opening and AML processes

Learn more