ThetaRay Partners with Google Cloud to Bring Advanced Anti-Money Laundering (AML) Solution to the Payments Ecosystem

NEW YORK, LONDON and TEL AVIV, Jerusalem, June 15, 2021 / PRNewswire / – ThetaRay, a leading provider of AI-powered big data analytics, today announced a global partnership with Google Cloud to protect banks, fintechs, PSPs and corporations from payment infrastructure against money laundering activities hidden in cross-border transactions. Through this alliance, ThetaRay’s recently announced cloud-based AML solution for cross-border payments will be available as a service on Google Cloud.

When the global pandemic struck in early 2020, the financial industry and the payments ecosystem increased their adoption of cloud-based systems to enable remote working. As a result, there is a growing need for solutions capable of detecting money laundering in a cloud-based environment. Google Cloud’s reliable, global infrastructure is well positioned to deliver breakthrough solutions on a global scale.

ThetaRay’s solution is one of the only packaged SaaS offerings that analyzes SWIFT traffic, risk indicators and customer / payer / payee data to detect anomalies indicating money laundering activity on complex cross-border transaction paths. . It is also one of the only AI-based AML solutions that can be easily integrated and deployed in a matter of days, with minimal implementation required.

“The financial sector has experienced unprecedented disruption over the past year, and this unpredictability has created new attack vectors for money launderers, human traffickers, organized crime groups and other criminals ”, declared Marc Gazit, CEO of ThetaRay. “With its availability on Google Cloud, ThetaRay offers banks and payment providers a defense against the most sophisticated money laundering schemes, allowing them to protect their customers, avoid regulatory penalties and prevent damage. As a product-driven company, we’re excited to offer a solution that accelerates time to value and lowers the cost of ownership, and we’re excited to partner with Google Cloud to solve industry challenges that were difficult to solve with previous generations of technology. “

ThetaRay’s solution is based on an advanced form of AI called Artificial Intuition which can mimic human feelings, perceptions, inferences, assumptions, and reasoning in order to make better decisions. This enables rapid discovery of known and unknown money laundering threats, with an unmatched detection rate of 95% and a 90% reduction in false positives compared to rule-based solutions.

“We are delighted that ThetaRay is bringing its solutions for the financial services industry to Google Cloud,” said Chris Arisian, director of ISV partnerships for Google Cloud. “Deploying ThetaRay on Google Cloud can help banks and other financial services institutions build and scale their digital infrastructure in a secure and secure manner.”

About ThetaRay:

ThetaRay’s revolutionary solution, based on “artificial intuition”, enables banks to expand their business opportunities by achieving safe and reliable monitoring of cross-border payments. ThetaRay’s technology is the only end-to-end solution that uses artificial intuition for data integration and alert sorting. With innovative and proven data integration to alert resolution, ThetaRay’s solution increases the detection capabilities of supervised and unsupervised data, and includes profiling and advanced analytical assessments, all on a single platform. Financial organizations that rely on highly heterogeneous and complex ecosystems benefit greatly from ThetaRay’s unparalleled low false positive rates.

Contact details:
Mark Prindle
Fusion RP
[email protected]
+1 917-517-4091


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