back Back

ThetaRay launches new software version on its SONAR AML Solution

By Leandra Monteiro

September 29, 2022

  • AML
  • AML Compliance
  • FinTechs
Share

ThetaRay ThetaRay, a provider of AI-powered transaction monitoring technology, announced the release of a new software version on its flagship SONAR advanced SaaS anti-money laundering (AML) platform. The update includes major capability upgrades for FinTechs and banks to detect and prevent financial crime through faster investigations and the discovery of new typologies in an increasingly complex financial world.

The software version, code-named Theia, offers a breakthrough visualization experience by clearly displaying transaction activity on financial networks, in addition to easy usability and self-service tools for simplified and autonomous AML compliance operations.

“We are pleased to deliver our customers even more value from the ThetaRay SONAR AI engine with the release of the new software version code-named Theia, which sheds new light into the complexity of financial networks,” said Mark Gazit, ThetaRay CEO. “Our award-winning Intuitive AI platform is more powerful than ever and reconfirms our commitment to enable our customers to stay a step ahead of financial crime, win trust, and create new business opportunities.”

SONAR is based on an advanced form of AI, artificial intelligence intuition that replicates the decision-making capabilities of human intuition to make better decisions with no bias or thresholds. It enables FinTechs and banks to implement a risk-based approach to effectively identify truly suspicious activity and create a full picture of customer identities, including across complex, cross-border transaction paths. This enables the rapid discovery of both known and unknown money laundering threats, and up to 99% reduction in false positives compared to rules-based solutions.

The new Theia software version is available for all types of customers, including banks, FinTechs, and regulators.

Previous Article

September 29, 2022

Billings Federal Credit Union selects Scienaptic’s AI-powered platform to enhance credit decisioning

Read More
Next Article

September 30, 2022

3 popular payment gateway providers in Europe

Read More










IBSi Daily News Analysis

fraud, FinTech

November 25, 2022

AML

Why UK FinTechs are investing heavily in APP fraud prevention

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

November 25, 2022

Suresh Viswanathan joins Nationwide as Chief Operating Officer

Read More

November 25, 2022

Railsr releases embedded banking dashboard, Insights

Read More

November 25, 2022

Tink launches Balance Check for smoother direct debits

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022