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Knox Wire selects ThetaRay for AML transaction monitoring

By Delisha Fernandes

November 22, 2023

  • asset investment
  • Banking Institutions
  • bond originators


ThetaRay has partnered with Knox Wire, a tailored cross-border payments solution, to implement its anti-money laundering (AML) transaction monitoring and sanction screening across its bank-to-bank communication system.

The artificial intelligence technology of ThetaRay was designed to detect both known and unknown threats, including money laundering, terrorist financing, and other financial crimes. It is also able to reduce false positives, which can save FSPs time and money. This AI solution will further strengthen Knox Wire’s security and compliance measures, ensuring the integrity of cross-border payments while detecting illicit activities.

We are proud to collaborate with Knox Wire in their mission to revolutionize cross-border payments, said Peter Reynold, CEO of ThetaRayOur AI-driven technology will help maintain the highest level of global financial trust while enabling swift and secure transactions for people and businesses across the globe.

Knox Wire offers real-time gross settlement (RTGS) for cross-border payments in over 190 countries and 150 currencies. It is designed to offer a swifter, more efficient, and transparent option compared to conventional cross-border payment methods. Their technology streamlines cross-border payments, benefiting a wide range of financial entities, including Knox Wire’s partners such as stockbrokers, bond originators, banking institutions, credit bureaus, insurers, and asset investment firms.

Stephen McCullah, CEO of Knox Wire, said, Our partnership with ThetaRay marks a significant step in revolutionizing cross-border payments, reinforcing Knox Wire’s security with advanced AI-driven AML monitoring. This ensures unwavering transaction integrity. We eagerly anticipate our joint efforts in shaping a more secure financial landscape.

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