WorkFusion Webinars

Sanctions lists are constantly evolving, making them a challenge to keep up with. Failure to comply can mean large fines and reputational damage. Organizations have typically sought to meet sanctions compliance needs through incremental technological improvements (such as a new, better screening system), large increases in hiring and exiting high-risk business.  

Did you know that false-positive rates in the alerts generated by screening tools can exceed 99%? To combat this, banks directly employ or contract out dozens or hundreds of individuals to manually review these alerts. That’s a lot of people doing a lot of tedious work – which leads to the potential for human error in catching those rare true positives and overburdened teams.  

There is a better and more efficient way! 

Join us for a webinar where we’ll introduce you to WorkFusion’s AI Digital Workers, Evelyn and Tara. They are ready-to-hire automation solutions that work with leading sanctions screening software, dispositioning L1 alerts with greater efficiency and more comprehensive audit trails than teams of people. As banks minimize manual review of obvious sanction screening false positives using Digital Workers, highly trained resources can be reallocated to more pressing compliance needs. False positive reduction is as much about risk enhancement and governance as it is about cost. 

Adverse Media Monitoring, also known as Adverse Media Screening or Negative News Screening, is one of the most effective tools that banks and other financial institutions (FIs) have to protect their reputation and guard against money laundering and other financial crimes.

Traditional screening tools surface a vast number of news articles that end up being irrelevant, false positives that consume substantial amounts of analyst time — an unnecessary burden on employees and a large expense for the organization. Moreover, the cost of existing news screening tools can be staggeringly high.

Join us for this webinar where we’ll introduce you to WorkFusion’s AI Digital Worker, Evelyn. Evelyn’s AMM primary mission is to protect an organization from risky client relationships by reviewing both ad hoc adverse media results as well as alerts from adverse media screening applications. “She” automatically reviews and dispositions customer screening alerts for adverse media increasing team capacity and freeing up analysts to work on higher value projects – and saving you money in the process.

Much like the early days of the Internet, there’s no question that AI is going to play an increasingly important role in all our lives. But what role will AI play in the anti-money laundering (AML) and know your customer (KYC) operations at banks and other financial services organizations? 

Join Grant Vickers, Head of Financial Crimes Strategy at WorkFusion, and Samuel Peret, Managing Director at ALPS, as they discuss the latest innovations in BSA/AML compliance and how these technologies are impacting FinCrime operations teams from sanctions and KYC to regulatory compliance. Topics include: 

• How AI is being used to solve key challenges in AML/KYC compliance

• Why AI is core to solving compliance challenges

• How financial institutions can quickly implement AI without complex, bespoke builds