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.
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Industries
Company Size
51-200
Company Stage
Acquired
Total Funding
$388.6M
Headquarters
New York City, New York
Founded
2010
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Total Funding
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WorkFusion opens AI compliance agents to partner delivery. October 2, 2026 WorkFusion has widened its managed services ecosystem so that banks and other financial institutions are no longer bound to a single delivery model for agentic AI, with Capgemini, Deloitte, Mphasis and Protiviti among the partners involved. Under the expanded model, partners can pair their own specialist staff and delivery capabilities with WorkFusion's AI Agents. Financial institutions can then decide how they want to deploy, run and grow agentic AI across transaction monitoring investigations, KYC, sanctions screening alert review and enhanced due diligence. They can run the WorkFusion and UiPath technology in-house, bring in a partner for implementation and operational support, blend partner expertise with the AI Agents, or buy particular financial crime functions as a managed service. WorkFusion says its benefits apply whichever commercial or delivery route a firm chooses. The company argues that no one operating model suits every institution. A large global bank may want several deployment options, while another may need outside specialists to supplement internal teams, and a third may prefer to buy outcomes outright as a service. Because the core technology stays the same when the operating model shifts, institutions can select partners according to specialism, geography, capacity, existing relationships and business needs, then adjust the arrangement as those needs change. The partner role is also broadening. Rather than acting purely as implementers, partners can build WorkFusion capabilities into the services they sell to banks. WorkFusion says this enables managed offerings across transaction monitoring, KYC, screening, enhanced due diligence and wider financial crime operations, cutting the internal operations and technology resources customers need and speeding up time to value. The buying decision, it suggests, becomes centred on a defined operational result rather than another software purchase. WorkFusion frames the combination as a hybrid workforce. Partners contribute experienced financial crime professionals and domain knowledge, while the AI Agents supply pre-built operational capacity, consistency and scale. Agents handle defined tasks and human specialists apply judgment and oversight where it counts most. The company says this can lift throughput and analyst productivity, strengthen risk management and allow operations to grow without matching rises in headcount. For service providers, agentic AI may also reshape delivery economics, letting teams process larger volumes while reserving specialist talent for higher-value work. WorkFusion, part of UiPath, supplies AI Agents designed to carry out financial crime compliance work for financial institutions, operating on a single technology foundation that can be consumed through multiple routes. The company's position is that the future of financial crime operations does not require a choice between technology and services, or between AI Agents and people, but rather the freedom to combine them. WorkFusion CEO Adam Famularo said, "In financial crime compliance, the pace of technology innovation means that the operating model that made sense yesterday may not make sense tomorrow. An ecosystem of specialized providers gives financial institutions alternatives for expertise, capacity and geographic coverage while maintaining a trusted technology foundation. That provides something increasingly valuable in a rapidly changing financial crime environment: the ability to evolve." Enjoying the stories? Investors. The following investor(s) were tagged in this article.
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.
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Industries
Company Size
51-200
Company Stage
Acquired
Total Funding
$388.6M
Headquarters
New York City, New York
Founded
2010
Find jobs on Simplify and start your career today