A leading global bank with an expanding footprint and a strong presence in the financial capitals of the world the bank had nearly $3 billion in revenue in 2020 with annual profits of over $500
ThetaRay’s AI-led system scanned through all the data of more than 200 million transactions provided by the European bank. ThetaRay identified and alerted 8,400 suspicious anomalies related to 56 customers during the time period under
ThetaRay’s Anti-Money Laundering Solution proved to deliver effective and efficient product, process and workflow to address the bank’s issues with AML and anti-terrorist financing
ThetaRay was able to demonstrate full flexibility of the system by fusing multiple data sources into the analysis, adding new features and running custom analysis in a matter of
ThetaRay’s Anti-Money Laundering for Correspondent Banking provides the industry first solution proven to detect suspicious activity not only at placement but also through layering and integration back into the financial
Forced labour is said to generate $150 billion in profits every year. However, artificial intelligence-based monitoring can spot the money laundering schemes that many human traffickers rely on. Implementing such a system would allow banks to proactively stop illicit profits from getting through and alert authorities to suspicious activity. Robin Amlôt of IBS Intelligence speaks to Yaron Hazan, VP Regulatory Affairs at Thetaray about what banks can and should be
