In an increasingly regulated industry, respondent banks are in jeopardy of being de-risked by correspondent banks who lack insight into the cross-border and retail transactions they process. ThetaRay’s SONAR solution provides bank-grade compliance, a high rate of detection-worthy alerts and a low rate of false positives giving respondent banks the capacity to approve transactions confidently and retain long-term trusting relationships with correspondent banks. Harnessing an advanced “intuitive” form of AI to analyze transaction traffic, industry risk indicators, and product and customer data, SONAR detects close to 100% of anomalies that indicate illicit activity across complex domestic and cross border transaction paths.
ThetaRay for Respondent Banking
Compliance
Bank-grade compliance, live with tier 1 banks and regulators.
Detection
High rate of detection worthy alerts and low number of false positives.
Monitoring
Uses KYC and product information in ongoing monitoring.
Learn More About SONAR for Respondent Banking
Protect your customers’ cross-border payments with ThetaRay’s SONAR solution.