Press Releases

ThetaRay Provides Banco Santander With an Anti-Money Laundering (AML) Solution for Correspondent Banking

June 3, 2020

ThetaRay, a leading provider of AI-based Big Data analytics, has signed an agreement under which Banco Santander will employ ThetaRay’s anti-money laundering (AML) solution for correspondent banking. The system will analyze SWIFT traffic, risk indicators and Know Your Customer (KYC) data to detect anomalies indicating money laundering schemes in correspondent banking transactions. The rollout of the solution started in Q4 2019 and will be globally implemented over the next months.

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