PALO ALTO, Calif., Oct. 19, 2026 (GLOBE NEWSWIRE) — Oscilar, the Agentic Risk Platform for financial institutions, has won the Banking AI & Automation Award at the 2026 Money Awards, presented by Money20/20. The award recognizes Oscilar’s AI-native approach to unifying fraud prevention, credit risk, anti-money laundering (AML) compliance and customer onboarding on a single real-time data layer. Coordinated AI agents share intelligence across these functions, drawing from and contributing to a shared risk memory. Through governed analyst feedback, the agents continuously refine their recommendations and improve performance, while humans retain oversight of consequential decisions.

The Banking AI & Automation Award recognizes innovations advancing the use of artificial intelligence and automation in banking. Winners were selected by an independent panel of financial services industry experts based on innovation, industry impact, execution and overall merit.

Financial institutions have traditionally managed fraud, credit, and compliance through separate systems that cannot easily share information. This fragmented approach limits visibility into customer risk, creates duplicate work, and slows the rollout of new risk policies. Oscilar addresses these challenges by giving risk and compliance teams a shared view of customer and transaction data, enabling decisions in under 100ms and faster responses to emerging threats without relying on engineering teams to implement every policy change.

At the center of Oscilar’s platform is Agent Hub, a suite of coordinated AI agents that help financial institutions automate risk operations. The agents share intelligence across risk functions, build and update workflows, review alerts, and generate explanations for decisions. Risk and compliance professionals retain oversight of consequential decisions, with audit trails that support regulatory review. The agents share one customer risk profile, so context surfaced in a fraud investigation carries into the next compliance or credit decision. Institutions running Agent Hub report policies deployed five times faster, a 45% reduction in false positives, and three times faster time to disposition on AML alerts.

“I spent more than a decade building real-time data infrastructure, and financial risk is where the cost of disconnected data shows up fastest,” said Neha Narkhede, co-founder and CEO of Oscilar. “An AML analyst can spend hours assembling context on an alert while the fraud team already holds the signal that would settle it. Our agents do that assembly across fraud, credit, and compliance and show their reasoning, and the analyst makes the call. Named people own every policy the agents run under. AI should earn the authority it receives, and our customers extend it one workflow at a time as the results come in.”

More than 100 financial institutions, including SoFi, MoneyGram, Nuvei, and Clara, use Oscilar to process tens of billions of risk decisions annually. Customers have reported measurable improvements in operational efficiency and decision-making:

  • SoFi reduced the time required to deploy new credit-risk strategies by 50% and improved decisioning speed by more than 30%.
  • Nuvei cut manual underwriting time in half during its first month using Oscilar, while increasing automated adjudication by 15%.
  • Clara quadrupled underwriting throughput without adding staff, reducing review times from hours to minutes.

The 2026 Money Awards winners were announced October 18 during Money20/20 USA in Las Vegas. The awards recognize companies and individuals advancing financial services through new technologies, products, and business models.

For more information about Oscilar, visit https://oscilar.com.

About Oscilar
Oscilar is the Agentic Risk Platform for financial institutions. Its no-code platform gives risk and compliance teams direct control over fraud detection, AML compliance, credit underwriting and device and behavioral biometrics without engineering dependency. Agent Hub extends the platform with 30+ coordinated AI agents that share a unified customer risk profile, enabling faster decisioning, natural language strategy building and cross-domain risk intelligence. More than 100 financial institutions use Oscilar, processing tens of billions of risk decisions per year. Oscilar is headquartered in Palo Alto, California.


Media Contact:
oscilar@teamhighwire.com

Primary Logo

Media gallery

About The Author
Oscilar