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WorkFusion provides AI-powered digital workforce solutions and a no-code automation platform (Work.AI) for banks and financial services. Its AI Digital Workers are pre-built, ready-to-use agents that perform complex, rule-based tasks like AML, sanctions screening, and KYC alongside human staff, helping scale compliance programs, cut costs, and improve experiences. The Work.AI platform blends AI, machine learning, intelligent document processing (IDP), and robotic process automation (RPA) to automate entire jobs and lets businesses build or configure their own AI workers without coding. Unlike traditional RPA that handles narrow, repetitive tasks, WorkFusion aims to automate complete job processes within in-house teams, avoiding outsourcing. The goal is to help financial institutions meet regulatory requirements more efficiently, reduce staffing challenges, and lower operating costs.
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$388.6M
Headquarters
New York City, New York
Founded
2010
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Total Funding
$388.6M
Above
Industry Average
Funded Over
9 Rounds
Comprehensive health coverage
Home office and communications reimbursements
Employee financial assistance programs
WorkFusion, a UiPath company building AI agents for financial crime compliance, says its technology is now deployed in production at over 10 of the top 20 banks. CEO Adam Famularo told Newsweek that banks are turning to AI agents because transaction volumes have grown tenfold whilst compliance staffing models cannot keep pace. The company's adverse media screening agent, Evan, recently processed 80 million entities in one day at a top 10 bank. Famularo said the technology delivers 50 to 70 per cent time savings and can fully adjudicate false positives 70 per cent of the time. WorkFusion has moved beyond pilot programmes in screening, fraud investigations and know-your-customer reviews. Famularo noted that whilst level-one screening roles have declined, staff have shifted to higher-end work rather than being eliminated.
WorkFusion, a UiPath Company, ranked #5 in Everest Group's Top 50(TM) Financial Crime and Compliance (FCC) Technology Providers 2026. Apr 29, 2026, 16:40 ET NEW YORK, April 29, 2026 /PRNewswire/ - WorkFusion, a UiPath Company, a pioneer in AI agents for financial crime compliance (FCC), today announced that Everest Group has ranked WorkFusion #5 in the Everest Group Top 50(TM) FCC Technology Providers global listing. The annual ranking evaluates more than 200 global FCC technology providers and highlights those shaping the future of compliance through scale, innovation, and AI-driven transformation. According to Everest Group, the Top 50(TM) list is "a global listing of the leading technology providers specializing in solutions that combat financial crime and ensure regulatory compliance across the financial services industry." Providers are assessed on four weighted parameters: scale and growth momentum (40%), value chain coverage (20%), client and geographic coverage (20%), and innovation and investment (20%). * Modernizing Transaction Monitoring for Precision and Scalability * Real-Time Screening and Orchestration for Payments and Sanctions * Trade Finance Compliance and TBML Modernization Each category highlights providers advancing AI, analytics, and orchestration to improve detection accuracy, reduce operational noise, and support increasingly automated FCC operating models. "Being ranked among the top five Financial Crime and Compliance Technology Providers by Everest Group is a powerful validation of the work our team delivers every day. Everest Group's research highlights how the industry is shifting toward more automated, AI-driven, and orchestrated operating models, and that is exactly where WorkFusion continues to lead," said Adam Famularo, CEO of WorkFusion, a UiPath Company. "Our AI Agents are built to help financial institutions modernize their FCC operations with fast time to value, measurable precision, scalability, and regulatory confidence. We're proud to see our momentum recognized, and even more energized to continue transforming how the world fights financial crime." About WorkFusion, a UiPath Company WorkFusion, a UiPath Company, is a pioneer in AI agents for financial crime compliance. Its AI agents are purpose-built workers that augment financial crime compliance operations teams in Level 1 and 2 analyst/investigator functions for anti-money laundering (AML), adverse media monitoring, sanctions screening alert review, Know Your Customer (KYC), and transaction monitoring and fraud investigations. Its AI solutions are used by top banks and leading financial institutions around the globe to mitigate risk, solve talent challenges, increase workforce capacity, reduce costs, enhance employee and customer experience, and improve compliance posture. SOURCE WorkFusion
UiPath announced the acquisition of WorkFusion, a pioneer in AI agents for financial crime compliance.
UiPath has acquired WorkFusion, a financial crime compliance specialist, in a deal expected to close in the first quarter of fiscal 2027. The acquisition enhances UiPath's AI-driven solutions for financial services, particularly in anti-money laundering and know-your-customer processes. WorkFusion's AI agents automate labour-intensive compliance tasks including customer screening and investigations. Combined with UiPath's automation platform, the technology helps financial institutions optimise workflows and reduce operational costs. UiPath CEO Daniel Dines emphasised the need for intelligent solutions to combat sophisticated financial crimes and evolving compliance requirements. WorkFusion CEO Adam Famularo said joining UiPath validates his team's efforts to modernise financial crime compliance. The acquisition comes as UiPath faces market challenges, with shares down 11.8% over the past year, though the company reported 16% year-over-year revenue growth.
UiPath acquires WorkFusion, strengthening agentic solutions for financial services. NEW YORK / Feb 06, 2026 / Business Wire / UiPath (NYSE: PATH), a global leader in agentic automation, today announced the acquisition of WorkFusion, a pioneer in AI agents for financial crime compliance. The acquisition expands and strengthens the UiPath portfolio of agentic AI-powered industry solutions for the financial services and banking industries, including processes and workflows for financial crimes compliance such as anti-money laundering (AML) and know your customer (KYC) operations. WorkFusion's pre-built library of AI agents automates the most labor-intensive aspects of financial crime compliance, from customer screening to investigations. Coupled with UiPath's agentic automation and orchestration platform, banks and financial institutions can automate intricate workflows, analyze complex patterns, and help prioritize cases requiring human expertise, while maintaining the security, governance, and regulatory controls they require to reduce operational costs and improve compliance effectiveness. "Joining UiPath is a moment of validation for the years our team has poured into creating something bold, different, and deeply needed in financial crime compliance, AI agents that automate work and mitigate risk," said Adam Famularo, CEO of WorkFusion. "Now, UiPath gives us the scale to grow faster than we ever could alone, without losing the heart of who we are, our people, our products, and our mission. Together, we're creating something bigger than any one company: we are modernizing financial crime compliance. I've never been more excited for our future or more proud of the team carrying us there." "Financial institutions need intelligent solutions to combat sophisticated financial crimes and navigate evolving compliance requirements," said Daniel Dines, CEO of UiPath. "Incorporating WorkFusion's purpose-built AI agents for financial crime compliance into our platform expands our portfolio of agentic AI solutions for these industries, extending our ability to deliver comprehensive business orchestration and automation solutions to our customers. We're delivering a powerful set of AI-powered solutions capable of automating and orchestrating critical compliance processes and workflows while working alongside people to deliver impact." For more on UiPath's agentic automation capabilities for banking and financial services organizations, click here. The transaction closed in UiPath's first quarter of fiscal 2027. Terms of the acquisition were not disclosed. About UiPath UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to harness the full potential of AI agents to autonomously execute and optimize complex business processes. The UiPath Platform(TM) uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, UiPath supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries. For more information, visit http://www.uipath.com. WorkFusion is a pioneer in AI agents for financial crime compliance. Its AI agents are purpose-built workers that augment financial crime compliance operations 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). WorkFusion's AI solutions are used by top banks and leading financial institutions around the globe to mitigate risk, solve talent challenges, increase workforce capacity, reduce costs, enhance employee and customer experience, and improve compliance posture. Plug into more green stock news. Tap into the pulse of emerging green sectors every morning. Top daily headlines from clean energy, cleantech, cannabis, and sustainable transport stocks:
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Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$388.6M
Headquarters
New York City, New York
Founded
2010
Find jobs on Simplify and start your career today