Ms. Dori Buckethal reports

THOMSON REUTERS PARTNERS WITH WORKFUSION TO HELP ORGANIZATIONS REDUCE RISK AND CUT COSTS UTILIZING AI

Thomson Reuters Corp. and WorkFusion, a leading provider of artificial intelligence digital work force solutions, have formed a partnership to help U.S. organizations prevent fraud and more effectively uncover and manage hidden risks.

Amplified by today's global events, businesses face heightened pressure to understand the parties with whom they are doing business and assess the suitability of those relationships. Thomson Reuters and WorkFusion are collaborating to provide businesses with industry-leading data combined with cutting-edge automation and AI technology. The collaboration brings two market-leading products together, CLEAR -- Thomson Reuters's investigative solution -- with WorkFusion's AI digital worker, Evelyn, an AI-powered adverse media and sanctions screening alert review analyst. The combined offering reveals whether parties of interest are featured negatively in news articles and/or are included on lists covering sanctions, politically exposed persons (PEPs) or state-owned entities (SOEs).

Adverse media monitoring and sanctions screening have been highly manual, expensive and time-consuming tasks, plagued with high volumes of false positives. This joint offering assists financial institutions, manufacturing companies, and software and technology organizations by automating screening, reducing false positive alerts and continuously evaluating their entire customer base. It provides greater visibility and monitoring of potential risks with current and prospective customers, vendors and counterparties.

"We are delighted to partner with Thomson Reuters to amplify the power of Thomson Reuters market-leading adverse media and sanctions data with our AI digital worker, Evelyn, an AI-powered adverse media and sanctions screening alert review analyst," said Adam Famularo, chief executive officer of WorkFusion. "Organizations that have implemented Evelyn have seen more than 80-per-cent reduction in false positives requiring manual review, and 400-per-cent increase in screened subjects of interest without added head count. It improves the customer experience during onboarding and ongoing account management and provides three to five times ROI while also satisfying regulators' expectations."

"Reputational risks to businesses and pressure from regulators are increasing every day," said Dori Buckethal, vice-president, Thomson Reuters, risk and fraud solutions. "Timely, reliable and actionable alerts are essential. This exciting combination of WorkFusion's AI digital worker and Thomson Reuters data means businesses can have greater confidence about the parties with whom they are doing business, and be alerted when situations change. This partnership combining our trusted data insights with WorkFusion's cutting-edge AI automation technology sets a new standard for efficiency and task automation. With this powerful combination, businesses can significantly boost their teams' productivity and achieve new heights of risk management excellence."

About Thomson Reuters Corp.

Thomson Reuters informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.