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Industries
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
Series F
Total Funding
$343.6M
Headquarters
New York City, New York
Founded
2010
WorkFusion offers AI digital workforce solutions that automate complex job roles in the banking and financial services sectors, focusing on tasks like anti-money laundering (AML) and Know Your Customer (KYC) processes. Their pre-built AI Digital Workers collaborate with human employees to handle repetitive tasks, allowing staff to focus on higher-value work. The company also provides a no-code platform, Work.AI, which enables businesses to create customized AI Digital Workers that integrate AI and machine learning for complete job automation. WorkFusion aims to enhance compliance, reduce costs, and improve employee and customer experiences through effective automation.
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Total Funding
$343.6M
Above
Industry Average
Funded Over
7 Rounds
Comprehensive health coverage
Home office and communications reimbursements
Employee financial assistance programs
WorkFusion once again recognized as a Leader in both IDP and in the Banking-specific IDP Products PEAK Matrix® Assessment, underscoring the market impact of WorkFusion AI Agents and their ability to effectively automate complex document processingNEW YORK, April 30, 2025 /PRNewswire/ -- WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced that it has, for the seventh consecutive year, been named a Leader in Everest Group's Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment for 2025. It has also been recognized as a Leader for the second year in a row in the Banking-specific IDP Products PEAK Matrix® Assessment 2025. The PEAK Matrix® Assessments consider vendors based on market impact, vision capability
Recognition as a leader in financial crime compliance, plus being named a category winner, underscore the value WorkFusion delivers to banks and financial institutionsNEW YORK, March 27, 2025 /PRNewswire/ -- WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced that it has been recognized as a significant financial crime compliance technology leader in the Chartis Financial Crime and Compliance50 2025 Awards and Ranking. In addition, Chartis has named WorkFusion the Category Award Winner for Workflow Automation.Chartis is a research and advisory firm that supports tech vendors and financial services firms in the areas of risk, compliance and RegTech."WorkFusion's unique and innovative approach to financial crime detection and automation is yielding impressive results," said Nick Vitchev, Research Director at Chartis. "Its application of AI agents, futuristic yet highly practical, can help organizations overcome the bottlenecks created by inefficient processes."WorkFusion CEO Adam Famularo said, "Three years ago we set out to help modernize financial crime compliance with purpose-built AI Agents to do the mundane and error-prone work of Level 1 analysts. This recognition from Chartis demonstrates our continued leadership in helping banks and financial institutions improve operational efficiency with AI Agents to increase staff capacity, reduce outsourcing/contractor costs, ensure consistency/quality of reviews, and improve compliance posture."WorkFusion's leadership in providing banks and FIs with AI Agents that ease the burden of FCC compliance continues to gain recognition among technology and financial industry experts. Additional expert assessments that have recognized WorkFusion's solutions prowess include being named a Category Leader in the Chartis RiskTech Quadrant® for KYC Solutions 2024 and recognized as a Leader in Everest Group's Banking-specific IDP Products PEAK Matrix® Assessment 2024.Chartis assessed the WorkFusion platform as well as the WorkFusion AI Agents for FCC, by reviewing and analyzing in-depth product information, live demonstrations of WorkFusion AI Agents for FCC in action and interviews with WorkFusion product experts.About WorkFusionWorkFusion is a pioneer in AI agents for financial crime compliance (FCC). Its AI Agents are purpose-built workers that augment compliance teams in Level 1 analyst functions for anti-money laundering (AML), adverse media monitoring, sanctions screening alert review, Know Your Customer (KYC), and transaction monitoring investigations (TM)
NEW YORK, Nov. 4, 2024 /PRNewswire/ - WorkFusion, a pioneer in AI agents for financial crime compliance, today announced the appointment of David Caruso as Vice President of Financial Crime Compliance.
NEW YORK, Nov. 1, 2024 /PRNewswire/ - WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced that it has been named a Category Leader in the Chartis RiskTech Quadrant(R) for KYC Data and Solutions, 2024.
WorkFusion, a leading regtech company, has partnered with Advanced Financial Solutions, a company within the MDS SI Group.
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Industries
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
Series F
Total Funding
$343.6M
Headquarters
New York City, New York
Founded
2010
Find jobs on Simplify and start your career today