Amalgamated Bank Announces Collaboration with FIS and Anthropic to Advance AI in Financial Crimes Compliance

Amalgamated Bank Announces Collaboration with FIS and Anthropic to Advance AI in Financial Crimes Compliance

Pilot partnership supports development of agentic AI capabilities to optimize Anti-Money Laundering investigations 

New York, NY – May 7, 2026 – This week, Amalgamated Bank (Nasdaq: AMAL) announced its collaboration with FIS^® (NYSE: FIS) and Anthropic as a design partner to bring agentic AI to banking by developing a Financial Crimes AI Agent. 
The Financial Crimes AI Agent is being developed to support anti-money laundering (AML) alert investigations by helping to assemble and evaluate information more efficiently across systems, with the potential to compress case review timelines from days to minutes. Amalgamated is one of two financial institutions participating in the initial pilot.

“This pilot reflects our commitment to leading in AI innovation, helping shape how advanced tools are introduced into regulated workflows with the governance, controls, and human judgment that our customers and regulators expect,” said Priscilla Sims Brown, President and CEO of Amalgamated Bank. “We look forward to partnering with FIS and Anthropic on this pilot, bringing our standards, risk discipline, and governance to help shape how advanced AI is introduced and used to protect our customers and the broader financial system.”

As part of the pilot, Amalgamated Bank’s Financial Crimes Compliance team will be embedded in the design process alongside FIS compliance and product experts and Anthropic developers, contributing real-world compliance expertise to help shape how the agent assembles evidence, evaluates activity, and surfaces the highest-risk cases for investigator review. Human investigators will retain full authority over decision-making, including Suspicious Activity Report (SAR) filings, with outputs designed to be transparent, traceable, and auditable.

“What makes this collaboration meaningful is that our teams are contributing to the design of the agent, not just deploying the technology,” said Sean Searby, Chief Information and Operations Officer of Amalgamated Bank. “We’ve spent the past few years building the infrastructure to make AI capabilities like this possible. This partnership is one of the first major deployments of that work and reflects our broader vision for the Bank’s AI transformation.” 
 

About Amalgamated Bank
Amalgamated Financial Corp. is a Delaware public benefit corporation and bank holding company. Founded in 1923 by the Amalgamated Clothing Workers of America, it provides commercial banking and trust services through Amalgamated Bank, a New York-based commercial bank and chartered trust company with offices or branches in New York City, Washington, D.C., Northern California, and Boston. The Bank is a member of the Global Alliance for Banking on Values and a certified B Corporation^®. www.amalgamatedbank.com.

Media Contact:
Ayele Ajavon
Head of Communications
Amalgamated Bank
(929)979-5811