ThetaRay provides AML Transaction Monitoring & Sanction Screening for:

• Banks
• Remittance Providers
• Payment Gateways
• Payment Processors
• Payment Service Providers
• Merchant Service Providers
• Foreign Exchange Companies
• Digital\Neo Banks
• Trading Platforms
• Money Transfer Companies

Substantial benefits to financial institutions looking to secure their correspondent banking activity from bad actors:

• Identifies unknown unknown malicious events: These are money-laundering activities that firms don’t know exist and don’t know to look for, let alone find.
• Identifies Money Laundering Typologies: Uncovers previously unknown typologies which require ongoing monitoring and indicative of either a criminal’s insider knowledge of a lack of systemic controls.
• Counterparty Risk Identification: Detect third-and-fourth-party risk more effectively, to identify bad actors and suspicious activity that were previously undetectable.
• Rapid deployment and global expansion: ThetaRay’s deep subject matter expertise, fully patented algorithms, and API-based architecture enables FIs to deploy this solution, with minimal disruption, into existing processes and workflows. Because it’s also highly scalable, ThetaRay AML for correspondent banking provides nimble global expansion.
• Sustainable Compliance: Enhances operating efficiencies and enables shedding of non-essential operational costs with agile technology that helps Financial Investigation Units focus on the most crucial risk priorities.