ThetaRay wins ATMIA’s Next Generation ATM Security Award
ThetaRay received the award for our ATM Security Solution designed specifically to address the risk of unknown future threats and for our support of the Next Gen ATM Project.
“There are over 3.5 million connected ATMs worldwide, and criminals use sophisticated technologies to steal countless amounts of money from them each year,” said Mark Gazit, CEO of ThetaRay. “ThetaRay enables banks and ATM operators to secure customers, data, and cash against any threats, whether known or unknown. We are thrilled to be recognized by the prestigious ATMIA committee for our efforts.”
ABN AMRO Bank N.V., has chosen ThetaRay’s machine learning solution to improve the effectiveness and efficiency of post-transaction monitoring in controlling money laundering and terrorist financing risks.
ThetaRay received the award for its efforts in helping a major Asian financial institution combat financial crime. The awards ceremony was held at The Asian Banker Future of Finance Summit 2018 on May 24th, 2018 in Beijing, China.
The bank partnered with ThetaRay to use its AI solution to identify potential suspicious transactions. The solution has reduced the volume of transactions reviewed by anti-money laundering compliance analysts by 35 per cent.