For financial institutions, a core opportunity to apply AI is within their Anti-Money Laundering (AML) and Know-Your-Customer (KYC) areas of the business. While banks have received incredible benefit by applying AI to monitoring fraudulent transactions, significant opportunities in fighting financial crime lie with automating the highly manual aspects of AML and KYC. Processes such as Negative News, Beneficial Ownership Trees, and Company Entities require not only the ability to address highly variable unstructured data sets but also the ability to provide enterprise controls to ensure quality and provide transparency in to each step of the process. AI-powered RPA provides a powerful approach for banks to achieve benefits from automation without sacrificing auditability and traceability. Unlike traditional RPA which focuses on rules-based aspects of interacting with user interfaces, AI-driven RPA greatly extends the capability into decisions on the highly unstructured data such as news articles. This session will focus on multiple case studies where AI-powered RPA is providing significant benefits.
As Director, Market Enablement at WorkFusion, Kyle is responsible for partner enablement, sales enablement, and software demonstration, working within the Product team but closely tied to the Sales, Marketing, and Professional Services teams. With nearly 15 years of consulting and software experience, he is passionate about helping organizations efficiently collect and utilize the data, information, and knowledge of their organizations. Prior to WorkFusion, Kyle was a consultant with AT Kearney and Booz Allen Hamilton. He holds an MSc in Information Systems from the London School of Economics and a BS in Computer Science from the University of Nebraska at Omaha.
As SVP, Product at WorkFusion, Mikhail leads Product Management at WorkFusion. He oversees research and development and strategic automation goals of charter customers and strategic partners. Prior to joining WorkFusion as an employee #1, spent many years in the consulting industry focusing on technology solutions in banking and financial informational services. Mikhail holds BS and MS degrees in Computer Science from Belarusian State University.
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