Sold by: WorkFusion
Tara is a top OFAC / AML expert who is laser-focused on keeping your transactions risk-free
Overview
Tara, WorkFusion's 100% digital Transaction Screening Analyst, is designed to protect your organization from sanctioned or risky client relationships by reviewing transaction alerts using different sanction lists. She is designed to ingest each alert generated by a financial institution's sanctions screening system and determine if it is a false positive.
The Digital Worker is agnostic to the screening system used and does not require tuning, sensitivity, or algorithm changes to the financial institution's screening platform.
WorkFusion does not replace Transaction Screening software but adds an extra layer to make the transaction and payment process more robust by automating Manual Tasks and reducing false-positive alerts.
Tara's capabilities as Transaction Screening Analyst:
- Review and analyze alerted payment messages (e.g., SWIFT messages) to decide whether alert is valid or a false positive
- If the transaction is not determined to be a false positive, escalate to the analyst for further review
- Utilize and enrich information using approved sanction list(s)
- Continuously review alert messages (payment transaction messages) and hits to make decisions
- When needed, cross-reference message with third-party tools (e.g., Google, OpenCorporates.com) for more context and confidence in decision
- Provide written explanations for each decision
- Consult additional third-party sources to research organizations/individuals and support decision
- Handle exceptions with human-in-the-loop capability, working side-by-side with traditional team members.
Highlights
- Monitor payment activity to ensure compliance
- Review and analyse alerted payment messages/cases
- Create detailed audit trails
Details
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Pricing
Pricing is based on the duration and terms of your contract with the vendor, and additional usage. You pay upfront or in installments according to your contract terms with the vendor. This entitles you to a specified quantity of use for the contract duration. Usage-based pricing is in effect for overages or additional usage not covered in the contract. These charges are applied on top of the contract price. If you choose not to renew or replace your contract before the contract end date, access to your entitlements will expire.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
Dimension | Cost/12 months | Overage cost |
|---|---|---|
50K Yearly Commit Tier | $33,500.00 | |
250K Yearly Commit Tier | $159,250.00 | |
500K Yearly Commit Tier | $301,500.00 | |
1M Yearly Commit Tier | $586,000.00 | |
2.5M Yearly Commit Tier | $1,425,000.00 |
Dimension | Cost/unit |
|---|---|
Additional Integration (Src, Dest, or Enrich) - per Case | $0.006 |
Integration via RPA (Src, Dest, Enrich) - per Case | $0.118 |
Dimensions summary
This contract prices the payment sanction screening AI Agent by yearly volume commitment. You choose one commitment tier based on how many units you expect to process each year, ranging from 50K up to 2.5M. Higher tiers cover larger annual volumes. Two per-case add-ons handle integrations beyond the base setup. Additional Integration (Src, Dest, or Enrich) charges per case for extra source, destination, or enrichment connections. Integration via RPA (Src, Dest, Enrich) charges per case when connections use robotic process automation. You combine a volume tier with any integration add-ons you need.
Top-of-mind questions for buyers
A unit maps to one payment alert reviewed. The AI Agent screens alerted payment messages, such as SWIFT, ISO 20022, Fedwire, ACH, CHAPS, IAT, and SEPA formats. Each alert it reviews and dispositions draws against your yearly committed volume. You choose a tier matching your expected annual alert count.
The per-case integration charges apply only when you connect systems beyond the base setup. Additional Integration bills per case for extra source, destination, or enrichment connections. Integration via RPA bills per case when connections use robotic process automation. Both add to your chosen volume tier and appear on the same invoice.
Your yearly commitment tier typically drives the base cost, since it covers the full volume of alerts reviewed each year. The per-case integration charges add on only for extra connections beyond the standard setup. Banks with many custom source or destination systems see integration charges contribute more.
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Support
Vendor support
24x7/365 for Blocker/Critical Issues, Customer Business Hours for Major/Minor Issues. WorkFusion will also monitor availability and performance in accordance with the SLA. Support Tickets are not a prerequisite for uptime keeping provided under the SLA cloudops@aws-cloud.workfusion.com cloudops@aws-cloud.workfusion.com
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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The anti-money laundering market participants include Accenture PLC, CaseWare International Inc., Cognizant Technology Solutions Corporation, Fair Isaac Corporation, Experian PLC, Finacus Solutions Private Limited, Fiserv Inc., FIS, Inc., Lexisnexis Risk Solutions Inc., BAE Systems PLC, Tata Consultancy Services Ltd., ACI Worldwide, Nelito Systems Ltd., Napier Technologies Limited, NICE Actimize, Oracle Corporation, OpenText Corporation, SAS Institute, Inc. among others.
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