WorkFusion and Advanced Financial Solutions Partner to Accelerate AI Digital Worker Adoption in the Middle East
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[1]
WorkFusion and Advanced Financial Solutions partner to drive AI digital worker growth in the Middle East
New York, NY and DUBAI, UNITED ARAB EMIRATES - 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 Artificial Intelligence (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 Know Your Customer (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 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." 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 (AML), sanctions screening alert review, customer onboarding, Know Your Customer (KYC), transaction monitoring and customer service. 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. For more information visit workfusion.com. 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.
[2]
WorkFusion and Advanced Financial Solutions, Part of the MDS SI Group, Partner to Drive AI Digital Worker Growth in the Middle East
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, [email protected] View original content:https://www.prnewswire.com/news-releases/workfusion-and-advanced-financial-solutions-part-of-the-mds-si-group-partner-to-drive-ai-digital-worker-growth-in-the-middle-east-302244264.html SOURCE WorkFusion Market News and Data brought to you by Benzinga APIs
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WorkFusion, a leading AI-powered digital workforce platform, has partnered with Advanced Financial Solutions to expand AI digital worker adoption in the Middle East. This collaboration aims to revolutionize business operations and enhance efficiency across various sectors in the region.
Strategic Partnership Formed
WorkFusion, a pioneer in AI-powered digital workforce solutions, has announced a strategic partnership with Advanced Financial Solutions (AFS), a subsidiary of the MDS SI Group. This collaboration is set to accelerate the adoption of AI digital workers across the Middle East, marking a significant step towards digital transformation in the region
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.Expanding AI Digital Worker Adoption
The partnership aims to introduce WorkFusion's AI digital workers to a broader market in the Middle East. These digital workers are designed to automate complex business processes, particularly in highly regulated industries such as banking, financial services, and insurance. By leveraging WorkFusion's technology, businesses in the region can expect to see significant improvements in operational efficiency and cost reduction
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.Key Benefits for Middle Eastern Businesses
The collaboration between WorkFusion and AFS is expected to bring several advantages to businesses in the Middle East:
- Enhanced Efficiency: AI digital workers can handle repetitive tasks, allowing human employees to focus on more strategic activities.
- Cost Reduction: Automation of complex processes can lead to significant cost savings for organizations.
- Improved Accuracy: AI-powered solutions minimize human error, ensuring higher accuracy in business operations.
- Scalability: Digital workers can easily scale to meet increasing business demands without the need for extensive hiring.
WorkFusion's AI Digital Worker Platform
WorkFusion's platform offers a range of pre-built digital workers designed for specific industries and use cases. These AI-powered solutions can be rapidly deployed and easily integrated into existing systems, providing immediate value to businesses. The platform's flexibility allows for customization to meet unique organizational needs
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.AFS's Role in the Partnership
As part of the MDS SI Group, Advanced Financial Solutions brings extensive experience in providing innovative technology solutions to the Middle Eastern market. AFS will play a crucial role in localizing WorkFusion's offerings, ensuring they meet the specific requirements of businesses in the region. This includes addressing language needs, compliance with local regulations, and adapting to unique business practices
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Impact on Various Industries
The partnership is expected to have a significant impact across multiple sectors in the Middle East:
- Banking and Financial Services: Streamlining compliance processes, fraud detection, and customer onboarding.
- Insurance: Automating claims processing and policy management.
- Healthcare: Enhancing patient data management and billing processes.
- Retail: Improving inventory management and customer service operations.
Future Outlook
As businesses in the Middle East continue to embrace digital transformation, the demand for AI-powered solutions is expected to grow. The partnership between WorkFusion and AFS is well-positioned to meet this demand, offering cutting-edge technology tailored to the unique needs of the region. This collaboration marks a significant step towards a more efficient and technologically advanced business landscape in the Middle East.
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