Partnership leverages local expertise to
expand financial crime fighting AI to banking and financial
institutions in the region
NEW YORK and DUBAI, UAE, Sept. 12,
2024 /PRNewswire/ -- WorkFusion, a regtech company
specializing in AI agents that fight financial crime, today
announced that it has entered into a go-to-market partnership with
Advanced Financial Solutions, a company within the MDS SI
Group, a technology partner with a network of 60
companies across 11 countries. The strategic partnership will help
accelerate the adoption of WorkFusion's AI Digital Workers for
anti-money laundering (AML) and anti-financial crime throughout the
Middle East.
Advanced Financial Solutions will leverage its on-the-ground
expertise, market knowledge, and regional infrastructure to
introduce and establish WorkFusion's AI agents within the region's
burgeoning financial services sector. WorkFusion's AI Digital
Workers automate document-heavy and laborious work and align with
actual job roles in financial crime compliance organizations like
adverse media and sanctions screening alert review, transaction
monitoring, and KYC. Organizations can "hire" an AI AML analyst for
a very specific job role to augment the team, improve program
efficiency and mitigate risk.
"Working together with Advanced Financial Solutions, we will
introduce our AI Digital Workers to banks and financial
institutions throughout the Middle
East," said Adam Famularo,
CEO of WorkFusion. "AI holds the promise to shape the
anti-financial crime compliance industry in the region. By
incorporating AI agents as a core component of their compliance
programs, banks and financial institutions will be able to leapfrog
over the historical challenges that plague AML programs in other
parts of the world – establishing a true blueprint for modern
anti-financial crime compliance operations."
Comprised of more than 2,600 employees who have partnered with
the largest firms in the world, MDS SI Group excels at providing a
deep bench of expertise, local infrastructure, and successful
execution. MDS SI Group's experience in delivering advanced IT
products and solutions to their customers has benefited their
clients for over 40 years.
Juan Jarjour, Managing Director
at Advanced Financial Solutions said "the demand for artificial
intelligence-based solutions in the Middle East is growing fast and the banking
sector is fast adopting new AI based technologies to significantly
enhance the automation of the growing regulatory requirements
related to risk & compliance management. With the introduction
of WorkFusion Digital Workers solutions in the Middle East, we aim at supporting our clients
in improving automation with a technology that has fast return on
investment, and a proven ability to support financial institutions
in their digital transformation journey."
"At MDS System Integration Group, we are committed to leveraging
cutting-edge technology to drive business excellence and
innovation. Our partnership with WorkFusion through our affiliate
Advanced Financial Solutions, allows us to bring advanced AI
solutions to the financial sector in the Middle East, enhancing compliance and
efficiency. This collaboration underscores our dedication to
providing unparalleled expertise and local infrastructure to our
clients, ensuring they remain at the forefront of digital
transformation and financial crime prevention." — Gaby Matar, EVP, MDS System Integration
Group
About WorkFusion
WorkFusion, Inc. is a leading regtech company and the creator of
AI Digital Workers purpose-built to fight financial crime and
support regulatory compliance. Its AI agents are knowledge workers
that augment existing teams in functions like anti-money
laundering, sanctions screening alert review, customer onboarding,
KYC, and transaction monitoring. WorkFusion's AI solutions are
technology controls that mitigate risk, solve talent challenges,
increase workforce capacity, save money, enhance employee and
customer experience, and improve compliance posture.
More about MDS SI Group
MDS System Integration Group, is an experienced and agile
Digital Systems Integrator that analyses, assists, and accelerates
business growth with a team of 2,600+ professionals, holding over
1,400 technology and 250+ service delivery certifications, and
serving a diverse clientele of more than 5,000 customers.
MDS SI Ranked #1 by IDC on "IT Services revenues across several
countries in the GCC".
The Group holds 60 affiliates across the Middle East and Turkey with presence in 11 countries and 18
cities, effectively driving digital and business sustainable
transformation across enterprises and industries.
MDS SI, part of Midis Group, is committed to driving business
excellence by utilizing world-class technology solutions, backed by
the most powerful ecosystem.
Media Contact: Jessica Cassady,
jcassady@workfusion.com
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