Download our case study to find out more about how ThetaRay provided immediate ROI for a European retail bank, as well as reducing the number of alerts by over 50%.
Our client suspected that spy malware took over their customers’ devices, creating fictitious transactions. Incumbent legacy systems were unable to detect the criminal activity and were overwhelming analysts with thousands of false positive alerts.
ABN Amro has signed up for machine learning technology from ThetaRay to help it tackle money laundering and terrorist financing risks.
Singapore’s OCBC Bank has seen a 35% reduction in the number of alerts while the accuracy of identifying suspicious transactions increased by more than four times after it started testing ThetaRay’s AML software. OCBC and ThetaRay interviewed by American Banker’s Penny Crosman.
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. The awards ceremony was held at the ATMIA Security Summit on June 12, 2018 in London, UK.