UiPath (NYSE: PATH) announced new artificial intelligence solutions designed to automate workflows in financial crime compliance and loan origination for financial institutions, according to a company statement.

The solutions incorporate technology from UiPath's recent acquisition of WorkFusion, a company specializing in AI agents for financial crime compliance. The UiPath Solution for Financial Crime Compliance automates analyst workflows including sanctions screening, alert review and adverse media monitoring.

Valley National Bank reported automating 61% of sanction-hit reviews and handling an average of 14,000 alerts monthly since implementing the AI agent for transaction screening alert review. "This has been a significant win for us, driving a meaningful reduction in our OFAC volumes while helping us innovate and scale," said Onni Chan, sanctions compliance manager at Valley National Bank.

The UiPath Solution for Loan Origination integrates with existing loan origination systems and core banking platforms to streamline manual loan setup and quality assurance processes. The solution uses UiPath Maestro to coordinate AI agents, automation workflows and human decision-making across lending platforms.

LMCU and Suncoast Credit Union are among the financial institutions working with UiPath on automation solutions. Julie Oziemkiewicz, director of home equity at LMCU, said the partnership has helped identify automation opportunities within their home equity process.

UiPath will host an Agentic AI Summit on March 25, broadcasting in three time zones at 10:00 am GMT, 11:00 am EDT, and 3:00 pm AEDT.