WorkFusion, a leader in AI agents for financial crime compliance (FCC), announced on September 9, 2025, that Crown Agents Bank, a UK-based financial institution specializing in FX and cross-border payments in emerging markets, has deployed its AI Agent Tara to enhance transaction screening. This partnership creates a scalable platform for growth while optimizing costs and compliance.
Crown Agents Bank adopts WorkFusion’s AI Agent Tara for transaction screening.
Tara reduces manual work by up to 70%, auto-adjudicating 30% of false positives.
Enhances real-time sanctions compliance and anti-money laundering (AML) processes.
Supports scalable growth for emerging market operations.
Announced September 9, 2025, in New York, NY.
Tara mimics top Level 1 analysts for consistent, defensible outcomes.
Crown Agents Bank, facing rising payment alert volumes due to rapid growth, integrated Tara to streamline operations. “By integrating WorkFusion’s AI Agent, Tara, into our transaction screening processes, we are reducing the false positive burden on our team, streamlining operations, and enhancing the speed and accuracy of payment processing,” said Shyam Kakad, SVP and Head of AFC Operations at Crown Agents Bank. Tara automates real-time payment screening, particularly for sanctions compliance and AML tasks, reducing manual effort by up to 70%.
Tara, designed to replicate the reasoning of top Level 1 analysts, offers:
Minimized Workload: Saves 30% of manual effort, freeing analysts for high-value tasks.
False Positive Resolution: Auto-adjudicates 30% of false positives, targeting 60% soon.
Real-Time Reviews: Processes incoming alerts instantly.
Risk Mitigation: Ensures consistent quality and auditable narratives.
“Our AI Agents are helping customers around the world increase the capacity of their financial crime compliance teams,” said Adam Famularo, CEO of WorkFusion, highlighting Tara’s role in modernizing compliance for scalable growth.
This deployment aligns with Crown Agents Bank’s commitment to leveraging AI for global financial compliance, particularly in emerging markets. Tara’s automation enhances operational efficiency, reduces costs, and supports the bank’s expansion by handling complex transaction screening with precision and speed.
WorkFusion is a pioneer in AI agents for financial crime compliance (FCC). 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).
Crown Agents Bank is a UK-based financial institution specializing in FX and cross-border payments, with a focus on emerging markets, delivering innovative solutions to support global financial inclusion.
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