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Israeli FinTech ThetaRay hires Edward Sander as chief product officer

ThetaRay

Edward Sander, CPO at ThetaRay

ThetaRay, a provider of AI-based Big Data analytics has announced the appointment of Edward Sander as its new chief product officer (CPO).

In the new role, Edward will be responsible for all product-related activities as well as identifying and developing product/technology-related partnerships. He will drive innovation to ThetaRay’s Artificial Intuition platform that helps financial institutions (FIs) detect the initial signs of money laundering, fraud, and other financial cybercrimes, according to a statement.

“Machine learning and AI are transforming the financial crime industry, and I look forward to solidifying the company’s leadership position in financial crime and compliance,” Sander commented.

Sander has two decades of experience in running global software enterprise organizations and is a market expert in financial crime, compliance, and risk. He has specific expertise in the areas of AML, know-your-customer (KYC), customer due diligence (CDD) and enhanced due diligence (EDD).

Sander joins ThetaRay from Arachnys, where he served as President. Prior to that, he was CEO of Model N, a public Silicon Valley cloud software company. Earlier, Sander served as NICE Actimize’s CPO and GM of its AML business.

“Ed’s extensive leadership experience, coupled with his vast knowledge of financial crime and the banking industry, make him an ideal match for leading ThetaRay’s product function to accelerate the company’s growth,” said ThetaRay CEO Mark Gazit.

ThetaRay’s helps its clients at large financial organizations, cybersecurity divisions, and critical infrastructure becomes more resilient and seizes opportunities. Its analytical solutions that offer speed, accuracy, and scale, enable its clients to manage risk, detect money laundering schemes, uncover fraud, expose bad loans, uncover operational issues and reveal valuable new growth opportunities.

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