About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Markit Partners WorkFusion to Automate Manual Processes and Deliver Greater Value to Customers

Subscribe to our newsletter

Markit has teamed up with WorkFusion to automate some of the high volume manual processes that support its Information, Processing and Solutions business divisions. Automation is expected to increase the efficiency and accuracy of the processes, improve operational performance, reduce costs, and enable the company to deliver greater value to its customers.

Markit considered building an automation solution in house before deciding to work with WorkFusion, which provides a software-as-a-service platform that supports the automation of high volume, labour intensive business processes through a combination of workforce orchestration, robotic process automation and cognitive automation powered by machine learning.

Chip Carver, head of Information at Markit, says the company selected WorkFusion on the basis of its knowledge of WorkFusion’s management team and its provision of a best-in-class innovative product. He explains: “We evaluated the product in a proof of concept phase to ensure it meets our needs. Its parsing and machine learning capabilities will allow us to automate processes across the value chain. The initial focus is not necessarily on helping us bring products to market more quickly, but to improve our ability to provide a more accurate, timely and seamless service to our customers.”

Max Yankelevich, CEO at WorkFusion, says: “WorkFusion’s smart automation platform offers financial services customers robotic and cognitive automation coupled with real time management of human work. This combination is delivered through the cloud and allows customers like Markit to quickly improve the efficiency of their processes while gaining agility in creating new products.”

Markit will work with WorkFusion on an initial set of applications before extending its use of active machine learning across other products and services.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: An Agile Approach to Investment Management Platforms for Private Markets and the Total Portfolio View

Data and operations professionals at private market institutions face significant data and analytical challenges managing private assets data. With investors clamouring for advice and analysis of private markets in their search for returns, investment managers are looking at ways to gain a more meaningful view of risk and performance across all asset types held by...

BLOG

Cautious and Steady Adoption of Unstructured Data Capabilities Advocated by Experts in DMI Webinar

Financial institutions are taking a considered approach to integrating unstructured data into their systems, exercising caution as they get to grips with the mushrooming data format and the technology that is enabling generation of it. At the most recent A-Team Group Data Management Insight webinar, experts and audience members alike attested to the growing importance...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...