AI regtech WorkFusion names Arthur Mueller VP of financial crime
Artificial Intelligence (AI) digital workforce solutions provider WorkFusion has named Arthur Mueller as vice president of financial crime.
WorkFusion VP of financial crime Arthur Mueller
Mueller, who has spent more than 20 years combating financial crime at financial institutions including UBS, American Express and Commerzbank, joins from Rabobank North America where he served as AML and sanctions officer for more than six years.
Founded in 2010, WorkFusion helps banks and financial institutions by augmenting existing operations teams in key compliance functions such as anti-money laundering (AML), sanctions, customer onboarding and Know Your Customer (KYC).
Additionally, the firm’s digital workforce solutions help solve talent shortages, increase workforce capacity, save money, enhance employee and customer satisfaction, and ensure ongoing compliance.
Mueller believes that “old ways of thinking” about how rote tasks and processes are performed is ripe for disruption, particularly screening, alerts disposition and document processing.
“I believe the move to AI and machine learning allows a financial institution to better manage risks given that speed of deployment, scalability, consistent approach to the process, and the effective learning of the model,” Mueller says.
WorkFusion’s global head of banking and financial services Andy Bethurum says Mueller understands regulators’ expectations, “including model risk management in the financial crime space, and how to manage people, processes, and technology across a BSA/AML program”.
