Building Trust with ThetaRay 

ThetaRay is the provider of SONAR an AI-based SaaS solution that enables banks and payment service providers (PSPs) to expand their business opportunities by achieving safe and reliable cross-border and domestic payment monitoring, while being compliant with Anti-Money Laundering (AML) regulatory standards. 

SONAR analyzes SWIFT traffic, risk indicators, and client/payer/payee data to detect anomalies indicating money laundering activity across complex, cross-border transaction paths. It is one of the only AI-driven AML solutions that can be easily integrated and deployed within days, with minimal implementation required. SONAR increases detection capabilities for both supervised and unsupervised data and includes profiling and advanced analytics assessments all in one platform.

Financial organizations that rely on highly heterogeneous and complex ecosystems benefit greatly from ThetaRay's unmatched low false-positive rates.

Transaction Challenges

Banks and PSPs are entrusted with preventing money laundering. As a result, many have de-risked and seen their correspondent banking revenues diminish. Banks and PSPs find themselves limited in their ability to open new lines of business and seek better ways to adequately monitor transactions. 

Cross Border Payments Without the Risk  

SONAR uses the latest advances in AI and machine learning to spot anomalies in financial transactions and reliably root out fraudulent activity with virtually no false positives. As a result, the system has proven itself capable of discovering new money laundering schemes while significantly reducing the number of false positives triggered by traditional rule-based systems. Banks and PSPs have grown to trust SONAR and rely on it to expand and improve their business opportunities. 

Paving the Way for Expanding Business

Through effective risk management driven by SONAR, financial organizations can trust that unflagged transactions are clean. As a result, they can increase the number of banks they work with and safely open up new paths of financial inclusion in regions of the world that they would have avoided in the past.