UiPath has acquired WorkFusion, a company focused on AI agents for financial crime compliance, for an undisclosed sum.
The deal aims to expand UiPath’s offerings for the banking and financial services sectors.
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The acquisition is aimed at enhancing UiPath workflows designed to assist with financial crime compliance, including anti-money laundering (AML) and know your customer (KYC) operations.
WorkFusion’s pre-built library of AI agents is designed to automate some of the most labour-intensive aspects of compliance, from customer screening to detailed investigations.
By integrating WorkFusion’s technology with its own agentic automation and orchestration platform, UiPath aims to provide banks and financial institutions with enhanced capabilities to automate workflows, analyse intricate patterns, and prioritise cases that require human intervention.
WorkFusion CEO Adam Famularo said: “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.
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By GlobalData“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 modernising financial crime compliance.”
According to UiPath, the transaction is intended to support banks and related organisations in maintaining regulatory requirements, reducing operational expenses, and improving compliance procedures.
UiPath CEO Daniel Dines said: “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.”
