ThetaRay Partners with ABN AMRO to Boost AML Capabilities

ABN AMRO, the third largest bank in the Netherlands and one of the leading banks in northwest Europe, has partnered with ThetaRay in a five-year, bank-wide project to improve the Dutch bank’s AML and CTF (counter-terrorist financing) capabilities. ThetaRay is a specialist in leveraging machine learning and sophisticated mathematical algorithms to detect financial crime in its earliest stages. The company will help the bank focus on making its post-transaction monitoring more effective and efficient.