Investing.com — Artificial intelligence giant Anthropic is partnering with financial software provider Fidelity National Information Services Inc (NYSE:FIS) to develop automated tools designed to police the global banking system. According to the Wall Street Journal, citing people familiar with the matter, the collaboration aims to deploy AI agents capable of operating without constant human supervision.
These specialized programs will integrate FIS’s extensive financial data with Claude, the sophisticated large language model developed by Anthropic. The primary objective is to create an agent that investigates drug traffickers, terrorists, and other criminals who exploit financial networks.
FIS stock rose 6.6% in after-hours trade Monday following the report. CEO Stephanie Ferris stated that the financial crimes bot will independently gather evidence across disparate data sources and account records. While the AI will significantly reduce the time and cost required for each investigation, human investigators will continue to make all final decisions on cases.
The Bank of Montreal (NYSE:BMO) and Amalgamated Bank (NASDAQ:AMAL) are slated to be among the first institutions to implement the new financial crimes agent. Broad availability for the tool is currently expected during the second half of the year, following development work by embedded Anthropic engineers.
Banks currently dedicate billions of dollars annually to anti-money-laundering efforts to satisfy rigorous federal mandates and regulatory oversight. The emergence of advanced AI models has recently pressured the valuations of legacy software providers like FIS, whose stock has declined over 25% this year.
Investors have expressed concern that many traditional software products could become obsolete as firms build their own internal AI solutions. However, this partnership suggests that AI labs may instead choose to accelerate existing enterprise software through strategic industry-specific integrations.
Source: finance.yahoo.com
