ThetaRay is a software company specializing in advanced AI-driven solutions to help financial institutions detect and prevent financial crime. ThetaRay provides cognitive AI technology that analyzes dynamic data patterns to identify illicit activities, enabling banks and payment providers to combat money laundering, fraud, and other financial threats with greater accuracy than traditional, rule-based systems.
Their platform leverages machine learning and data analytics to go beyond simply flagging suspicious transactions—it also distinguishes legitimate customers from bad actors, helping institutions reduce false positives, improve compliance, and enhance customer experiences. This approach addresses common industry challenges, where outdated systems often result in unnecessary compliance costs and hinder business growth by incorrectly flagging genuine transactions while missing sophisticated criminal behavior.
What Services Does ThetaRay Offer?
ThetaRay offers AI-based financial crime detection and compliance solutions. Their core services include:
- AI-powered transaction monitoring
- Anti-money laundering (AML) detection
- Fraud prevention
- Customer risk assessment
These tools are designed to help financial institutions confidently onboard customers, minimize operational costs, and meet regulatory requirements while expanding internationally.
Who Uses ThetaRay?
ThetaRay’s technology is used by a range of global financial institutions, payment providers, and fintech companies. Notable customers include:
- Shift4
- Santander
- Onafriq
- Clear-Bank
- Payoneer
- Travelex
These organizations rely on ThetaRay to ensure secure, efficient, and compliant financial operations worldwide.
How Was ThetaRay Started?
ThetaRay was founded by a team with deep expertise in technology, finance, and academia. The founding and executive team includes:
- Peter Reynolds (Chief Executive Officer)
- Barak Klein (Chief Financial Officer, General Manager)
- Professor Amir Averbuch (Co-Founder, Chief Academic Officer)
- Dagan Osovlansky (Chief Product Officer)
- Jeff Otten (Chief Revenue Officer)
- Brian Gilman (Chief Marketing Officer)
- Shay Dovev (SVP Strategic Accounts)
- Moran Goldwein (SVP Human Resources)
- Asaf Zinger (SVP R&D)
- Emma Frankland (VP Customer Success)
- Gonen Pessah (VP Customer Operations)
You can learn more about the company’s background and leadership on their About page.
What Makes ThetaRay Different?
ThetaRay stands out by using cognitive AI to detect previously undetectable financial crime, uncovering hidden connections in transaction data and reducing false positives. This enables financial institutions to build trust with regulators and customers, support business growth, and create a safer financial ecosystem.
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