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Neema & ThetaRay leverage AI-powered technology to enhance AML transactions

By Gloria Mathias

November 07, 2023

  • AI powered platform
  • AML Transactions
  • Anti - Money Laundering
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ThetaRay, cloud, cross-border payments, FinTech, COVID-19, Google, Fintech news, Israel News, MENA News, Fintech MENA, Neema, AML Transactions, Financial Crime, ThetaRay, an AI-powered financial crime detection solution has announced its partnership with Neema, a global payments network for businesses.

This collaboration marks a milestone in the fight against financial crime, as it combines ThetaRay’s advanced artificial intelligence technology with Neema’s real-time payments network to enhance anti-money laundering (AML) transaction monitoring and sanction screening capabilities.

Neema is committed to ensuring the security and compliance of every transaction. With the partnership between ThetaRay and Neema, this commitment takes a leap forward. Every transaction passing through the Neema network will be subjected to ThetaRay’s AML transaction monitoring and sanction screening system.

“The modern world is more intense than ever. Trade and commerce are happening across multiple regions and time zones and all at once. The ability to transfer money between markets and complete deals and transactions in a matter of seconds or minutes is crucial for global, fast-paced organizations. With ThetaRay’s advanced AI technology, we’re taking a significant step forward in ensuring the security of cross-border payments for our diverse customer base,” said Moshe Kimhi, CEO and Founder of Neema.

With ThetaRay’s AI-powered transaction monitoring, FinTechs and banks can enhance trust in global payments by detecting and analyzing vast volumes of transaction data in real time. This level of scrutiny ensures that Neema’s network remains a secure and trusted platform for businesses worldwide.

“At ThetaRay, our mission is to enable financial institutions and businesses to stay one step ahead of financial criminals,” said Peter Reynolds, CEO of ThetaRay. “Our partnership with Neema is a testament to our commitment to this mission. By integrating our cutting-edge AML technology with Neema’s real-time payments network, we are providing businesses with unparalleled security and peace of mind.”

Neema and ThetaRay are redefining AML transaction monitoring, enabling businesses to grow and expand without compromising on security or compliance.

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