Fidelity National Information Services Makes AI-Based Financial Crime Agent Available to US Banks

MT Newswires Live10-15 21:06

Fidelity National Information Services (FIS) said Thursday that the artificial intelligence-based FIS AML Investigations Agent created from its partnership with Amazon-backed (AMZN) Anthropic is now commercially available to US-based banks.

In May, Fidelity National announced that the two companies would collaborate to create AI tools for the banking industry, beginning with a financial crime agent.

The agent is being deployed at FIS design partner Amalgamated Bank.

According to analysis from Amalgamated Bank, the agent is projected to reduce level 1 alert review time by more than 90%, level 2 case investigation time by approximately 98%, and suspicious activity report narrative preparation time by more than 80%.

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