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ThetaRay is a big data analytics company founded in 2013 by two world renowned mathematicians from Yale and Tel Aviv universities. The company is headquartered in New-York and Israel with offices in the London, Spain, Dubai & Mexico and system integrators and support partners worldwide. ThetaRay is a leading provider of advanced analytics Financial Crime solutions for multiple tier 1 financial institutions.

Revolutionary in its approach, ThetaRay lets math discover unusual activities within the data without making any pre-assumptions on what to ignore. The technology relies on patented mathematical algorithms in the form of artificial intelligence. These patented algorithms, in the core of every ThetaRay Solution, allowing unbiased learning of what constitutes as normal behavior of the analyzed entities and, in turn, detecting what is not normal. Each solution within ThetaRay’s Financial Crime portfolio of solutions was built by Subject Matter Experts and uses the core algorithms to detect Financial Crime such as Money Laundering and Terrorism Financing.

ThetaRay's groundbreaking, AI-powered SONAR transaction monitoring solution, based on "artificial intelligence intuition," allows banks and fintech companies to expand their business opportunities through safe and reliable cross-border payments. The groundbreaking solution also improves customer satisfaction, reduces compliance costs, and increases risk coverage. ThetaRay's technology is the only SaaS offering that analyzes transaction traffic, risk indicators and customer data to detect anomalies indicating money laundering activity across complex, global transaction paths in a single unified platform. Financial organizations that rely on highly heterogeneous and complex ecosystems benefit greatly from ThetaRay's unmatchable low false positive rates and high detection rates.

Key Features

A risk-based approach to AML, powered by Artifical Intelegence & Machine Learning

Satisfy Regulators, Save Time and Money, and Grow your Business.

SONAR, ThetaRay’s AI-powered SaaS AML transaction monitoring and screening solution, enables fintechs, banks, and regulators to embed trust in cross-border and domestic payments while driving financial growth.

A new breed of transaction monitoring, ThetaRay’s advanced AI method, using proprietary and patented algorithms, detects anomalies in unlimited data sets to reliably pinpoint suspected cases of money laundering in transactions with virtually no false positives, delivering an effective solution for AML compliance.

ThetaRay’s unique form of AI and machine learning (ML) methodology ‒ artificial intelligence intuition ‒ is deployed to analyze risk indicators associated with financial crimes. This risk-based AI approach paints a clear picture for FIU teams by detecting abnormal activity and effectively calculating and pinpointing transactions indicating suspicious activities.

Key Benefits

  • Red flag coverage - Coverage for all known money-laundering risks using a multi-layered solution including unsupervised, semi-supervised and rules.
  • Detect unknown cases - AI & ML provides the power to recognize anomalies and find unknowns outside of normal behavior, including completely new typologies.
  • Boost efficiency - Using SONAR AI analysts cut time spent on investigations, reducing overall cost of compliance.
  • Reduce false positives - Up to 99% fewer false positives compared with rules only based systems.
  • Reliable results - SONAR delivers reliable results, with upto 95% of flagged alerts as detection worthy.
  • Grow business - Identifying risks more accurately and precisely enables you to grow business with additionlal partners in more countries and more segments