Monetary crime compliance innovator ThetaRay introduced a strategic partnership with cross-border funds platform Spayce.
The collaboration will mix ThetaRay’s Cognitive AI Transaction Monitoring answer with Spayce’s funds infrastructure to boost the platform’s monetary crime detection capabilities.
ThetaRay made its Finovate debut at FinovateFall 2015 in New York.
Cognitive AI monetary crime compliance firm ThetaRay is working with cross-border funds platform Spayce to convey enhanced safety and fraud preventing skill to funds. The strategic partnership will mix ThetaRay’s Cognitive AI Transaction Monitoring answer with Spayce’s international funds infrastructure to present the platform higher monetary crime detection capabilities.
“Monetary crime is evolving quickly, and the expertise used to fight it should evolve even sooner,” ThetaRay CEO Peter Reynolds mentioned. “Our partnership with Spayce unites sturdy cost infrastructure with ThetaRay’s Cognitive AI to ship proactive danger mitigation, better transparency, and the trusted cross-border transactions wanted to energy international progress.”
ThetaRay’s Cognitive AI expertise analyzes transaction information to precisely determine suspicious exercise and sophisticated monetary crimes. The corporate’s providing helps establishments higher fight the rising sophistication of felony networks who’re in a position to thwart conventional rule-based anti-money laundering (AML) techniques. Spayce will leverage ThetaRay’s AI-first answer to make sure regulatory compliance and scale securely.
“Partnering with ThetaRay empowers us to remain forward of more and more subtle monetary threats, whereas persevering with to ship seamless, trusted cost experiences for our clients worldwide,” Spayce Co-Founder and Companion Debra LePage mentioned.
Working in additional than 200 international locations and territories, Spayce is a cross-border cost platform that allows safe and scalable international transactions. The corporate presents real-time funds through its Spayce Actual-Time Funds answer, ACH through its Spayce ACH Funds answer, in addition to Open Banking companies. Use circumstances for Spayce’s options embody vendor payouts, international payroll, ecommerce settlements, and real-time B2P and B2B funds through a mix of APIs, a hosted checkout answer, and a service provider portal.
Based in 2013, ThetaRay made its Finovate debut at FinovateFall 2015 in New York. At this time, the corporate presents transaction monitoring, dynamic buyer danger evaluation, and real-time transaction and buyer screening to monetary establishments all over the world together with Santander, Mashreq Financial institution, and Travelex. ThetaRay leverages Cognitive AI to assist monetary establishments distinguish authentic clients from fraudsters, and its SaaS-based options present firms with shorter implementation lifecycles in addition to the flexibility to scale sooner.
ThetaRay started 2025 with information that it had fashioned a strategic partnership with New York-based personal and industrial financial institution, IDB Financial institution. The establishment, an entirely owned subsidiary of Israel Low cost Financial institution, deployed ThetaRay’s AI-powered transaction monitoring answer to “improve (its) operational fortitude and core competencies” within the phrases of financial institution president and CEO Ziv Biron. “In leveraging ThetaRay’s subsequent technology expertise,” Biron added, “we hope to introduce an modern answer that can permit IDB to proceed offering sturdy protections inside the monetary companies business, for our clients and operations towards monetary crime.”
Photograph by Jr Korpa on Unsplash
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