ThetaRay

• 05/09/2023
• Unknown
• $57,000,000

ThetaRay is the provider of SONAR, the AI-powered AML transaction monitoring solution that allows payment fintech and banks to expand their business opportunities and grow revenues through trusted and reliable cross-border and domestic payments. The groundbreaking solution improves customer satisfaction, reduces compliance costs, and increases risk coverage.

Using an advanced form of AI called "artificial intelligence intuition" and a family of proprietary,
patented machine learning algorithms, SONAR analyzes data dynamically without relying on predefined scenarios or models, enabling effective detection and prevention of money laundering and other financial crimes.

ThetaRay's technology is the only cloud-native SaaS offering that analyzes SWIFT traffic, risk indicators, and client/payer/payee data to detect anomalies indicating money laundering and sanctions violations activity across complex, cross-border transaction paths in a single unified platform. Financial organizations that rely on highly heterogeneous and complex ecosystems benefit greatly from ThetaRay's unmatchable low false positives and high detection rates.

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