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ThetaRay secures Microsoft Cloud Solution Provider status

By Delisha Fernandes

July 21, 2023

  • Banks
  • Cloud Solutions
  • Financial Institutions

ThetaRayThetaRay, an AI-powered transaction monitoring technology provider, has joined the Microsoft Cloud Solution Provider program with its SONAR solution available at the Microsoft Azure Marketplace.

ThetaRay’s solution, hosted on Microsoft Azure, has been implemented by most banks, including Santander, Mashreq Bank, Travelex Bank and ClearBank, and many FinTechs worldwide.

“ThetaRay’s technology is different because it utilises advanced unbiased AI, which truly makes rules-based-only technologies and ‘traditional’ biased AI a thing of the past,” said Peter Reynolds, CEO of ThetaRay. “We are delighted to be integrating with Microsoft to help banks and fintechs grow their business while reducing risk, enabling significant efficiencies that have a real and direct impact on end-customer experience while, at the same time, taking into account global regulations.”

ThetaRay’s full-stack detection platform leverages a combination of rules-based, AI/ML risk-based and network visualization to provide maximum insight into financial networks to detect financial crime. The cloud-based SaaS system allows banks and FinTechs to rapidly grow their business while complying with global regulators and reducing risk.

As part of its Microsoft Cloud Solution Provider status, ThetaRay’s SONAR solution is now available through the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. ThetaRay customers can use the productive and trusted Azure cloud platform with streamlined deployment and management.

“Through Microsoft Azure Marketplace, customers around the world can easily find, buy, and deploy partner solutions they can trust, all certified and optimized to run on Azure,” said Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. “We are happy to welcome ThetaRay’s SONAR solution to the growing Azure Marketplace ecosystem.”

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