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, [...]
ThetaRay is AML way for ABN AMRO Bank N.V. FinTech Futures mentions our recent win. ABN AMRO Bank N.V. has partnered with ThetaRay in a five-year, bank-wide project to improve the Dutch bank’s anti-money laundering (AML) and counter-terrorist financing (CTF) [...]
ABN Amro has signed up for machine learning technology from ThetaRay to help it tackle money laundering and terrorist financing [...]
The Northwest European Bank said the solution will improve the effectiveness and efficiency of post-transaction monitoring in controlling money laundering and terrorist financing [...]
One of the leading banks in Northwest Europe, 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. The scope of the activities is bank-wide and [...]
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. The scope of the activities is bank-wide and has been defined for period of five years. The [...]
ThetaRay has won the 2018 ATM Industry AssociationGlobal Award for Next-Generation ATM Security. The company was recognized for a security solution that specifically addresses the risk of unknown future threats, and that will support next-gen ATM platform architecture. The company’s patented [...]
ThetaRay, a leading provider of big data analytics solutions, today announced that it has won the 2018 ATMIA Global Award for ‘Next Generation ATM Security’. The ATMIA awards honor innovative technology solutions for ATMs and highlight leaders in the industry. ThetaRay received the award for [...]
You got a suspicious email and a phone call? It could be a sign you are about to be hacked. ThetaRay’s CEO Mark Gazit gives advice to Reader’s Digest about avoiding the most common cybersecurity missteps that will make you vulnerable to an attack. “Assume you will be hacked, because one day [...]
Financial institutions around the world seem to be most quick in bringing AI into the front-office… MEDICI recently conducted a study exploring some of the most common applications of AI across regions. Among other use cases of AI in Asian banking sector are … fraud prevention and compliance. [...]
The buzz about tech has recently taken a turn for the negative, driven by Facebook and algorithms gone wild. Some of the leading thinkers are sounding alarms about unintended, potentially disastrous consequences of unbridled AI growth. We at ThetaRay hold a different view. Criminals have been using [...]
ThetaRay CEO Mark Gazit talks with U.S. News and World Report about how to avoid financial scams that are making the rounds on social media channels and discusses how bad guys are using AI and automated software to mastermind their fraud [...]
Keep in mind: Sometimes scammers use automated software or AI. While the scam may be real, the person you’re communicating with may not be. “The reality is that criminals — including organized crime groups and even governments — have automated their scams and are using artificial [...]
Among other initiatives under the AI umbrella, the bank partnered with fintech firm 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 [...]