WorkFusion, a leading regtech company, has partnered with Advanced Financial Solutions, a company within the MDS SI Group.
The partnership aims to boost the adoption of WorkFusion’s Artificial Intelligence (AI) Digital Workers for anti-money laundering (AML) and anti-financial crime across the Middle East.
By leverage its extensive expertise, market knowledge, and regional infrastructure, Advanced Financial Solutions will introduce and develop WorkFusion’s AI agents within the region’s evolving financial services sector.
WorkFusion’s AI Digital Workers automate document-heavy and laborious work, aligning with actual job roles in financial crime compliance organizations such as adverse media and sanctions screening alert review, transaction monitoring, and Know Your Customer (KYC).
Organizations can hire an AI AML analyst for a very specific job role to support the team, enhance program efficiency and minimize risk.
Adam Famularo CEO – WorkFusion
“Working together with Advanced Financial Solutions, we will introduce our AI Digital Workers to banks and financial institutions throughout the Middle East. AI holds the promise to shape the anti-financial crime compliance industry in the region. By incorporating AI Digital Workers 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.”
MDS SI Group, with over 2,600 employees who have partnered with the largest firms in the world, provides exceptional expertise, local infrastructure, and effective execution. With 40 years of experience, MDS SI Group stands at the forefront of IT innovation by offering cutting-edge IT products and solutions to their customers.
Juan Jarjour, Managing Director at Advanced Financial Solutions, stated that, “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,” added Gaby Matar, EVP, MDS System Integration Group.
