Overview

Tara is an AI-powered solution by WorkFusion that automates the review of payment sanction screening alerts. It is designed for financial institutions and reduces the manual workload involved in compliance processes, particularly in anti-money laundering (AML) and sanctions screening. Leveraging machine learning and natural language processing, Tara analyzes alerts generated by sanctions systems, identifies false positives, and ensures that only genuine risks are escalated for further review. This enhances operational efficiency and helps maintain regulatory compliance.

Features and Capabilities

• Automated Alert Review: Tara automatically reviews payment sanction alerts, identifying and resolving false positives without human intervention.
• Integration with Existing Systems: The solution is agnostic to the screening system used and seamlessly integrates with platforms like RDC, Refinitiv, and Fircosoft without the need for algorithm adjustments.
• Real-Time Processing: Tara processes alerts in near real-time, enabling financial institutions to respond quickly to risks and ensure smooth transaction flows.
• Natural Language Processing: Utilizing advanced NLP techniques, Tara interprets payment information and accurately assesses alerts.
• Audit Trail Generation: For compliance and auditing purposes, Tara documents its decisions clearly and transparently.
• Scalability: Tara handles varying alert volumes and allows organizations to scale compliance operations efficiently without a proportional increase in manual effort.