"UiPath, the Romanian unicorn, has agreed to buy WorkFusion, bringing a specialist in AI agents for financial-crime compliance into its fold as part of a broader push into agentic automation for the banking sector. The deal closed in UiPath's first quarter of fiscal 2027; financial terms were not disclosed. WorkFusion's software focuses on repetitive and resource-intensive parts of compliance work, from customer screening and anti-money-laundering (AML) checks to know-your-customer (KYC) investigations."
""Financial institutions need intelligent solutions to combat sophisticated financial crimes and navigate evolving compliance requirements," said Daniel Dines, CEO of UiPath. Those capabilities now sit alongside UiPath's existing automation and orchestration platform, with the aim of letting banks and financial firms handle complex workflows with less manual effort while keeping governance and regulatory controls in place. For UiPath, the acquisition extends its toolkit of agentic AI solutions tailored to industry verticals."
""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," said Adam Famularo, CEO of WorkFusion. Market reaction has been noticeable: UiPath's shares ticked higher in early trading after the announcement, suggesting investors see value in bolstering the company's presence in financial-services automation."
UiPath acquired WorkFusion, closing the deal in its first fiscal quarter of 2027 with terms undisclosed, to bring specialist AI agents focused on financial-crime compliance into its portfolio. WorkFusion's software automates repetitive, resource-intensive compliance tasks, including customer screening, anti-money-laundering (AML) checks, and know-your-customer (KYC) investigations. The capabilities are being integrated with UiPath's automation and orchestration platform to help banks and financial firms handle complex workflows with less manual effort while preserving governance and regulatory controls. The acquisition expands UiPath's agentic AI toolkit for industry verticals and prompted a positive market reaction.
Read at TNW | Artificial-Intelligence
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