ThetaRay Wins “Transaction Security Innovation Award” in 2021 FinTech Breakthrough Awards Program
Summary
ThetaRay is helping financial systems to regain lost trust, boost revenues and increase the number of customers being served, while also providing better service by accelerating the processes, and driving growth in underserved economies. The company’s Anti-Money Laundering (AML) for Correspondent Banking solution is the first and only AI-based technology that provides full-path visibility into all links of the cross-border payment chain, from originator to beneficiary. Unknown money laundering schemes, terrorist funding, enterprise fraud, cyber-attacks and other financial cyber-crime activities are exposed automatically, in real-time, and with extremely low false positive rates. ThetaRay provides faster, more accurate analytics solutions for identifying emerging risk, discovering new opportunities, and exposing blind spots within large, complex data sets. “The COVID crisis has accelerated the expansion of digital connectivity and of smart devices to conduct financial transactions in our new ‘socially distanced’ world,” said James Johnson, Managing Director, FinTech Breakthrough.