The Omaha bank says AI agents halve the time required to research fraud, sanctions violations and money-laundering alerts.

The international bank software company divested the remainder of its bank core software after selling off its Phoenix core system earlier this month.

Kasisto developed one of the first conversational AI chatbots for banks, and the deal brings its technology to Backbase's new AI-based bank operating system.

The service is an alternative to an IPO or a special-purpose vehicle, the bank says.