United StatesFinance and insurance2025 – ongoingValley Bank
Tara AI agent for payment sanctions alert review
Valley Bank automated 65% of sanctions-hit reviews with WorkFusion's Tara
Problem
Valley Bank's payment screening generated large numbers of false-positive sanctions alerts. Suppressing alerts had not sufficiently reduced the review workload.
Approach
The bank selected WorkFusion after parallel proofs of value using the same data. Tara used prebuilt AI models to review real-time first-level sanctions alerts. It cleared false positives and escalated alerts it could not resolve, connecting with existing screening tools.
Results
Takeaway
The system automated initial adjudication while retaining escalation for unresolved alerts. Model risk management and information security teams participated in the selection.
Categories
- Industry
- Finance and insurance
- Business function
- Finance, risk and legal
- Innovation type
- Process innovation
- AI technology
- AI agentsPredictive analytics and ML
- Adoption
- Vendor solution
- Evidence
- Vendor case study
Sources
Source summaries
WorkFusion described Tara's deployment for payment sanctions screening. It reported automation of 65% of sanctions-hit reviews and included testimony from Valley Bank's AML compliance director.
Full details are in the original sources.