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Sylq taps ThetaRay for Transaction Monitoring & Customer Screening

By Gloria Methri

May 31, 2023

  • AML
  • Customer Screening and Monitoring
  • Europe
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ThetaRay, Transaction Monitoring Technology, Piie, AML, KYC, Insurance Claim Payments, Payments Intelligent Integration Engine, SONAR Transaction Monitoring, Financial Crime, Payments-as-a-Service Platform, Real-time Payments, Risk Management, Digital Payments, Digital Transformation, USASylq, the French e-payments provider, and ThetaRay have announced a new collaboration to implement high-performance AI transaction monitoring and automated customer screening to support the company’s growth.

Sylq acquired ThetaRay’s newly released AI customer screening solution to boost its digital onboarding process for KYB (Know Your Business) and KYC (Know Your Customer).

ThetaRay’s API-driven and AI-based solution enables Sylq to introduce high automation to monitor transactions and screen merchants against sanctions lists, watchlists, and third-party databases.

Sylq is an all-in-one merchant payment platform, developed by the merging of French payment specialist Synalcom with innovative payment FinTech Qori. The company provides businesses with a unique integrated payment offering, from the terminal supply with 24/7 support services to payment processing services. These support card payments, open banking payments, and crypto-to-fiat transactions on any payment terminal or Android and iOS devices.

“We are on a mission to simplify business for French and European merchants by revolutionizing the payment offering. One of our core objectives is to achieve a highly scalable end-to-end process to screen customer identity as well as transactions,” said Daniel Maurice-Vallerey, CEO of Sylq. “ThetaRay’s sophisticated SaaS screening and transaction monitoring solution embeds a pre-built infrastructure that helps us optimise our workflow. The cloud-based architecture enables easy scalability as our business grows.”

Mark Gazit, CEO of ThetaRay said, “We are excited to announce our partnership with a leading European payment provider that is revolutionizing digital financial services, driving business growth, and fostering increased competition. With our advanced AI and machine learning technology, payment FinTech can instill trust in new financial partners by safeguarding their networks against money laundering and other financial crimes, while improving customer experience and ensuring compliance with regulatory requirements.”

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