22 December 2020 14:17 GMT
ThetaRay, a leading provider of AI-based Big Data analytics, today announced that its Anti-Money Laundering (AML) for Correspondent Banking solution has been chosen by Spanish wholesale bank Cecabank. The AI-based technology will enable Cecabank to analyze SWIFT traffic, risk indicators and client/payer/payee data to detect anomalies indicating money laundering or terrorism financing schemes in correspondent banking transactions.
ThetaRay s solution is the first and only AI-based technology that detects criminal schemes across complex, cross-border transaction paths by extracting SWIFT and KYC data to aggregate a Full Transaction Path view. It is based on a proprietary type of machine learning called artificial intuition that can mimic human intuition and gut feelings.
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NEW YORK, Dec. 17, 2020 /PRNewswire/ ThetaRay, a leading provider of AI-based Big Data analytics, today announced that its Anti-Money Laundering (AML) for Correspondent Banking solution has been chosen by Spanish wholesale bank Cecabank. The AI-based technology will enable Cecabank to analyze SWIFT traffic, risk indicators and client/payer/payee data to detect anomalies indicating money laundering or terrorism financing schemes in correspondent banking transactions.
ThetaRay s solution is the first and only AI-based technology that detects criminal schemes across complex, cross-border transaction paths by extracting SWIFT and KYC data to aggregate a Full Transaction Path view. It is based on a proprietary type of machine learning called artificial intuition that can mimic human intuition and gut feelings.