Tag: ThetaRay

Zone Adopts ThetaRay AI Solution to Monitor and Screen Payments in Nigeria

AETOSWire
Zone Adopts ThetaRay AI Solution to Monitor and Screen Payments in Nigeria

LAGOS, Nigeria & NEW YORK & TEL AVIV, Israel — Zone (formerly Appzone), Africa’s first regulated layer-1 blockchain network for payments, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced they will collaborate to implement ThetaRay’s cloud-based SONAR solution to monitor and screen Zone’s transactions in Nigeria for illicit activities and sanctions violations. Headquartered in Lagos, Zone serves large commercial banks, payment fintechs, digital banks, and OFIs with real-time, low-cost settlement of both fiat and digital currencies for domestic and cross-border payments. Through the agreement, ThetaRay will provide Zone…

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ThetaRay Reports Upswing in Demand for Cross-Border Transaction Monitoring Amid Banking Crisis

AETOSWire
ThetaRay Reports Upswing in Demand for Cross-Border Transaction Monitoring Amid Banking Crisis

NEW YORK & LONDON & TEL AVIV, Israel — ThetaRay, a provider of AI-powered transaction monitoring technology enabling banks and fintechs trusted global payments, today announced it is experiencing heightened demand for its sophisticated SONAR SaaS AI solution that can help maintain smooth and uninterrupted cross-border money transfers amid the latest banking crisis. In the fallout of the Silicon Valley Bank (SVB) collapse, with banks experiencing runs on deposits, banks and fintechs require more advanced tools that can monitor transfers quickly and efficiently. Relying on legacy cross-border wire transfers (SWIFT)…

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ClearBank Selects ThetaRay AI Monitoring Tech to Accelerate Business Growth

AETOSWire
ClearBank Selects ThetaRay AI Monitoring Tech to Accelerate Business Growth

LONDON & NEW YORK & TEL AVIV, Israel — ClearBank, the largest next-generation clearing and embedded banking platform in the UK, and ThetaRay, provider of AI-powered transaction monitoring technology, today announced they will collaborate in cloud-native anti-money laundering (AML) monitoring to protect ClearBank against financial crime with ThetaRay’s robust and industry-leading AI solution. Through the agreement, ClearBank will transform its AML monitoring operations to a fully cloud-native program with ThetaRay’s SaaS SONAR AML solution. The cloud-native SONAR system will provide ClearBank the flexibility to scale and support faster and safer processing of…

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ThetaRay AI Tech Continues Global Awards Sweep

AETOSWire
ThetaRay AI Tech Continues Global Awards Sweep

NEW YORK — ThetaRay, a leading fintech providing AI-powered transaction monitoring technology, today announced that its AML solution continues on an industry awards sweep with the win of the Compliance Solution of the Year in the Americas, underscoring global recognition for the advanced AI technology. The Compliance Solution of the Year award from CrossTech 2022 in Miami last week recognizes the most important innovation in preventing money laundering, financial crimes, and illegal practices. It marks the second regional award for ThetaRay this year after recognition from the UAE financial community as AML Solution Provider of…

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Novatti Group Adopts ThetaRay AI Technology to Monitor Global Payments

AETOSWire

MELBOURNE, Australia & NEW YORK & TEL AVIV, Israel — ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced that Novatti Group (ASX:NOV), a leading fintech that enables businesses to pay and be paid, has chosen SONAR, ThetaRay’s SaaS AML transaction monitoring solution, to protect its growing global payments services against money laundering and other financial crimes. Headquartered in Australia, Novatti Group enables businesses and individuals to make payments both domestically and internationally. Novatti currently serves 59 countries with products including cross-border transfers, digital wallets and vouchers, and overseas bill payments.…

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ThetaRay AI Tech to Monitor African Payments for ARCA

AETOSWire

NEW YORK & TEL AVIV, Israel & LAGOS, Nigeria— ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced that ARCA, a premier African payment services provider, will implement ThetaRay’s advanced SONAR SaaS anti-money laundering (AML) and sanctions list screening solution for transactions on its open AI-based platform. ARCA is the first Nigerian fintech to adopt ThetaRay’s advanced SONAR solution, industry renowned for its ability to detect the very first signs of sophisticated financial crime. ARCA provides advanced digital payments for an open banking ecosystem, helping expand innovative and inclusive…

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