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.
Bank-grade compliance, live with tier 1 banks and regulators.
High rate of detection worthy alerts and low number of false positives.
Uses KYC and product information in ongoing monitoring.
“Unbiased” AI system spots anomalies in the data itself with no pre-predetermined rules.
Analyzes data as a blank slate, quickly “learning” what is normal for that dataset and spotting anomalies intuitively.
Detects anomalies (unknown activity) in any customer and product environment even if unanticipated criminality has developed.
Virtually no false positives. 95% of flagged transactions are detection worthy and warrant the resources you allocate them.