Overview
A software solution by ThetaRay is based on an innovative and patented AI and machine learning technology. The ThetaRay solution provides full stack detection capabilities which include:
- ·Patented unsupervised machine learning solution, which enable the detection based on a risk-based approach
- ·Patented Semi-supervised machine learning – providing full flexibility to use additional methods and algorithms
- ·Deterministic rules – to cover scenarios that trigger based on static parameter/threshold
By using the ThetaRay advanced technology and the core system components, the financial institution will be able to have the following capabilities:
·Full stack detection capabilities – advanced analytics with AI/ML and deterministic Rules
·Conduct a risk-based approach with advanced analytics algorithms and designed platform
·Agility to use multiple data sources, use different algorithms method, build different detection models, and run everything in parallel
·Detect changes in behavioral of the “entity” and misalignment compared to the expected activities
·Using multiple data sources for the detection and the investigation process to identify suspicious activities within the data and to provide the “bigger picture”
- Full explainability, audit trail, traceability, fairness and “white box” approach