ThetaRay’s CEO Mark Gazit is featured in the New York Times article about Cyber NYC – an ambitious cybersecurity initiative, which over the next decade could transform New York City into a global leader of cybersecurity innovation and job creation. As part of this project, ThetaRay [...]
ThetaRay, a leading provider of big data analytics solutions, today announced that CEO Mark Gazit has been appointed to the Monetary Authority of Singapore’s (MAS) International Technology Advisory Panel (ITAP). The ITAP advises MAS on international developments in FinTech and [...]
Ninety to 99 percent of alerts generated by traditional rules-based KYC/AML systems will be false positives. ThetaRay’s Jim Heinzman talks to Thomson Reuters about using AI to improve effectiveness of legacy AML systems. Heinzman said that, in a recent client engagement to reduce false [...]
ThetaRay is featured in the CIO.com review of the top 10 companies targeting strategic IT initiatives. “ThetaRay is using AI-based analytics to detect and prevent cybercrime and bolster operational efficiency. ThetaRay uses machine learning (ML) and artificial intelligence technology to [...]
ThetaRay’s EVP of Financial Services Solutions Jim Heinzman discusses the recent ATM Cash-out scheme and the difficulties facing financial institutions trying to detect and prevent such attacks. “The challenge for financial institutions is to figure out how to identify it efficiently in [...]
Mark Gazit, CEO of ThetaRay, says: “In an era when traditional financial crime is transitioning into cyber/financial crime powered by AI, banks cannot rely on old methods of identifying suspicious behavior, because criminals are able to make sure their crimes look identical to legitimate [...]
ThetaRay’s CEO Mark Gazit talk to Euromoney about difficulties in detecting sophisticated ATM attacks and the role of Intuitive Intelligence in helping banks to detect fraudulent activity before it takes place. Gazit says: “Instead of looking for rules and patterns, our system acts more like a [...]
ThetaRay’s CEO Mark Gazit talks with CityWire Asia Private Wealth Magazine about the use of Artificial Intelligence to fight money laundering. “Gazit is confident the future of banking belongs to AI”. “Instead of investing in more and more people, we suggest investing in AI technology [...]
ThetaRay’s CEO Mark Gazit discusses the recent ATM “cashout” attacks with ThreatPost. “A combination of malware, ATM jackpotting, money mules, money laundering, e-payment and crypto currency fraud – all performed by organized crime groups – presents a daunting task for [...]
Collecting data is hard, analyzing data is hard, but dying is simply not an option. So how do financial services companies stay alive? ThetaRay is featured in Finovate’s blog about fintechs that specialize in leveraging data across [...]
ThetaRay’s CEO Mark Gazit talks to NBC News about some everyday habits that put consumers more at risk for identity theft and security breach. “The most dangerous habit a person can have is to be too trusting,” says Gazit. Whenever you’re dealing with your financial information and [...]
ThetaRay’s EVP of Financial Services Solutions James Heinzman interviewed by Bankinfosecurity.com and shares insights on countering sophisticated fraud techniques. “Unsupervised machine learning is essential to mitigate the sophisticated cross-channel fraud techniques attackers are [...]
ThetaRay’s CEO Mark Gazit interviewed by American Banker about modern ATM crime and how banks can proactively fight it. “… Every time you push a button, commands over the internet bypass everything, instruct the motor on the ATM dispenser and it spits out money,” – Gazit warns about the [...]
Unsupervised Machine Learning Platform Honored for Detecting First Signs of Unknown Money Laundering Schemes NEW YORK, May 24, 2018 /PRNewswire/ — ThetaRay, a leading provider of big data analytics solutions, today announced that it has won the 2018 Asian Banker Risk Management Award for [...]
ThetaRay seals deal with one of the leading banks in Northwest Europe, ABN AMRO Bank N.V., to improve post-transaction monitoring and detect financial crime – mentions Global Banking & Finance Review. Shay Dovev, SVP Sales at ThetaRay added, “We are very happy to have ABN AMRO join the [...]
TEL AVIV (Reuters) – Israel’s ThetaRay, which uses mathematics to provide early detection from cyber threats, has completed a fundraising round of over $30 million, bringing the total amount raised to date to more than $60 [...]
ThetaRay has raised $30 million in a round that includes investors in both Israel and Silicon Valley. The company makes technology to manage risk, discover money laundering, uncover fraud, expose bad loans and parse operational issues. Financial fraud became a growth industry with the rise of the [...]
With a total $60 million raised to date, the Israeli startup plans to expand operations in Europe, Asia, and the United [...]
ThetaRay, which has doubled in size every year for the past five years, said on Tuesday it will use the capital to expand its presence in Europe, Asia and the United States and significantly increase its workforce to meet a growing demand for systems that fight financial crime and money [...]
Israel’s ThetaRay, which uses mathematics to provide early detection from cyber threats, has completed a fundraising round of over $30 million, bringing the total amount raised to date to more than $60 million. Investors include Jerusalem Venture Partners, General Electric, Bank Hapoalim, [...]