The procurement is a crucial turning point in ThetaRay’s (www.ThetaRay.com) objective to utilize AI in the battle versus economic criminal activity. As the leading extensive, cloud-based economic criminal activity discovery system, ThetaRay makes it possible for banks to determine relied on purchases and relied on clients throughout all financial tasks. This just recently won ThetaRay an honor for Ideal Use Information for Human Trafficking and Modern Enslavement Discovery along with Santander UK.
ThetaRay, the leading carrier of AI-powered economic criminal activity discovery modern technology, today revealed the procurement of next-generation European testing firm, Screena. The procurement shows ThetaRay’s continual financial investment in exclusive modern technology and declares its objective of making it possible for financial institutions, fintechs, and regulatory authorities to discover economic criminal activity with advanced AI services.
Screena aids banks quit offenders without affecting genuine celebrations. It evaluates people, business, or various other entities versus many listings of approved celebrations. This makes sure conformity with global regulation and guidelines while equipping international profession, securing credibilities, and supplying economic protection.
ThetaRay, released in over 40 nations throughout 6 continents, gets on a trip from being a leader in AI-powered Purchase Surveillance services to a cloud-based, end-to-end economic criminal activity discovery system made use of by over 100 banks consisting of Santander, Payoneer, and Travelex. This calculated procurement defines Screena’s cutting-edge, cloud-based AI-driven testing remedy as component of ThetaRay’s item collection, giving banks with an exceptional, alternative sight of transactional and consumer testing dangers.
With ThetaRay, customers discover numerous kinds of economic criminal offenses such as cash laundering, terrorist funding, and medication trafficking. Most just recently, in a worldwide initiative to deal with contemporary enslavement, Santander UK joined ThetaRay to release sophisticated modern technology focused on spotting human trafficking within economic purchases. This joint initiative obtained awards for “Ideal Use Information for Human Trafficking and Modern Enslavement Discovery” at the Digital Change Honors in June 2024.
ThetaRay’s item collection makes sure banks can quickly and efficiently adhere to complicated regulative needs. In addition, ThetaRay makes it possible for smooth consumer onboarding and deal circulations and enables business to range quickly and take advantage of service possibilities while cultivating development throughout different service lines.
” The procurement of Screena is a substantial turning point for ThetaRay as we proceed our objective to power the international battle versus economic criminal activity by improving our offerings with one of the most sophisticated AI abilities. It advances our dedication to supplying an end-to-end system that makes it possible for financial institutions, fintechs, and regulatory authorities to efficiently determine economic criminal activity– crucial abilities to expand and run a banks today,” mentioned Peter Reynolds, Chief Executive Officer of ThetaRay. “The current launch of our Client Threat Evaluation (CRA) item this year and the mass fostering of our leading Purchase Keeping an eye on offering shows both a clear requirement out there and our confirmed capability to develop introducing services. We are happy to have actually shut our initial procurement, bringing essential abilities and additional developing our currently quickly expanding existence in Europe.”
” The requirement for global, cross-border settlements, and service hallways in between Europe and Africa, South America and the United States, and lots of areas all over the world needs using AI and progressed modern technology to see to it that the purchases are relied on, which individuals behind them are relied on,” stated Erel Margalit, Chairman of ThetaRay, and Owner and Chairman of JVP. “ThetaRay’s AI additionally develops a freeway for the great stars that call for a global settlement network to do their service. The procurement of Screena developments the capability to determine criminals, whether it’s cash laundering, medication trafficking, or terrorist funding in a a lot more sharp means. This relocation is a testimony to ThetaRay’s objective of combating economic criminal activity and continually improving abilities to win this crucial battle on our trip to ending up being a classification leader.”
Cédric Iggiotti, Chief Executive Officer of Screena, specified, “Incorporating with ThetaRay has actually been a game-changer for us at Screena, disclosing truth possibility of incorporating Purchase Surveillance, Testing, and Client Threat Evaluation. For also long, testing was siloed from various other crucial economic criminal activity discovery devices. Our collaboration with ThetaRay not just satisfies strict regulative needs however additionally substantially boosts our criminal activity discovery abilities, as confirmed by our current successes with significant banks. Looking in advance, we are thrilled to press the limits of what’s feasible in developing a much more reliable economic ecological community.”
Distributed by APO Team in support of ThetaRay.
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About ThetaRay:
ThetaRay is a leader in the area of Anti-Money Washing with an AI-powered remedy that provides relied on purchases and relied on clients for financial institutions, fintechs, and regulatory authorities all over the world. ThetaRay’s Purchase Surveillance, Testing, and Client Threat Evaluation item collection makes it possible for certified service development and aids establishments deal with economic criminal activity. With ThetaRay, clients experience considerable functional performance gains, lowered incorrect positives, and extensive threat protection. The major capitalists in ThetaRay are JVP, that aided discovered the firm, the Canadian and global Fintech financier, Portage, and various other big capitalists from Israel and Europe. For additional information, check out www.ThetaRay.com.
About Screena:
Screena equips financial institutions, fintechs, and electronic companies to swiftly and quickly incorporate name testing and entity resolution with any type of consumer onboarding or settlement system. Screena’s ingenious modern technology quits offenders without affecting genuine celebrations, enabling smooth consumer enrollment and rapid settlement procedures. Screena’s AI-driven formulas surface area real positives with incomparable accuracy and de-risk economic companies from regulative penalties, individual obligation, and reputational damages.
