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ThetaRay’s New SONAR Solution Unleashes $25 Trillion Cross-Border Payments Sector by Eliminating Money Laundering Risk

May 24, 2021

Advanced SaaS Transaction Monitoring Solution Empowers Banks, Financial Institutions and Enterprises to Grow International Business Without Risk Exposure

NEW YORK, LONDON and TEL AVIVMay 24, 2021 /PRNewswire/ — ThetaRay, a leading provider of AI-based Big Data analytics, today launched SONAR, the industry’s most advanced financial crime prevention solution for cross-border payments. By providing full visibility across complex, cross-border transaction paths, the SaaS solution enables banks, financial institutions and businesses to increase their volume of transfers without the risk of being exploited for money laundering, terrorist financing, human trafficking, and narco-trafficking. This announcement follows on the heels of ThetaRay’s recent $31M funding round.

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