Anthropic, the AI firm behind the Claude chatbot, has signed a new deal with Fidelity National Information Services (FIS) to build a tool for crime checks across core banking systems. The AI model will link Claude with FIS data tools to scan account activity and flag risky patterns in real time.
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It is also designed to help banks process large volumes of financial data with faster review and lower cost. The move shows AI tools moving deeper into day-to-day banking work, where speed and accuracy are critical.
Anthropic and FIS Build AI Tool for Bank Crime Checks
FIS shares rose after news of its partnership with Anthropic spread. Both companies have agreed to build new AI agents for banks. The system is designed to support routine bank operations and will run on Claude AI and FIS data tools.
Notably, FIS CEO Stephanie Ferris stated that the financial crimes bot will independently gather evidence across data sources and account records. These agents will also complete tasks with less human input while still operating within bank systems.
Moreover, the first crime check AI tool will review drug links, terror ties, and fraud activity. The system pulls account records and transaction data from several sources. It then brings all information into one case file for review, helping teams move faster when building evidence.
Human teams still make final decisions on every case. The AI only collects data and prepares case files. Bank of Montreal (BMO) will be among the first banks to use the system. Amalgamated Bank (AMAL) is also part of the early rollout group, and a wider launch is planned later this year.
Banks Spend Big on Crime Check AIs
Banks currently spend large sums of money each year on financial crime checks because laws require strict oversight and full reporting for every account. These compliance teams are often large and costly, while older systems slow down investigations and case handling.
Due to these issues, banks are now turning to AI tools, which are speeding up operations and cutting costs. The latest shift also underscores Anthropic’s expansion into new areas for its AI models. The private company is already taking the lead in the AI enterprise sector and is also moving into cybersecurity through its newest Mythos model.
Is FIS a Good Stock to Buy?
Based on 15 Wall Street analysts’ ratings tracked by TipRanks over the past three months, FIS currently holds a Moderate Buy consensus. Of the 15 analysts, 9 rate the stock a Buy, 6 suggest a Hold and 0 recommend a Sell. The stock’s projected average price target is $64.07, indicating 37.15% upside potential. For more information on this stock’s ratings and price targets, visit the TipRanks Stocks Comparison Center.
