Financial Crime World

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ThetaRay Revolutionizes AI-Financial Crime Detection with Screena Acquisition

Anguilla, Anguilla – March 2023

ThetaRay, a leading provider of AI-powered financial crime detection technology, today announced the acquisition of next-generation European screening company, Screena. This strategic move marks a significant milestone in ThetaRay’s mission to power the global fight against financial crime by enhancing its offerings with cutting-edge AI capabilities.

Enhancing Financial Crime Detection Capabilities

The acquisition of Screena demonstrates ThetaRay’s commitment to delivering an end-to-end platform that enables banks, fintechs, and regulators to effectively identify and combat financial crimes. With this partnership, ThetaRay’s product suite will now include a comprehensive cloud-based AI-driven screening solution, providing financial institutions with an unparalleled view of transactional and customer screening risks.

A Comprehensive Solution for Financial Institutions

“We are thrilled to welcome Screena into the ThetaRay family,” said Peter Reynolds, CEO of ThetaRay. “This acquisition is a testament to our commitment to delivering innovative solutions that help institutions grow and operate in a rapidly changing financial landscape.”

  • End-to-End Platform: The acquisition provides an end-to-end platform for banks, fintechs, and regulators to identify and combat financial crimes.
  • Comprehensive Solution: The product suite now includes a comprehensive cloud-based AI-driven screening solution.
  • Enhanced Capabilities: Financial institutions can now view transactional and customer screening risks with unparalleled precision.

Screena’s Innovative Technology

Screena’s innovative technology empowers banks, fintechs, and digital businesses to quickly and easily integrate name screening and entity resolution with any customer onboarding or payment platform. The company’s AI-driven algorithms surface true positives with unrivalled precision, de-risking financial organizations from regulatory fines, personal liability, and reputational damage.

A Significant Milestone for ThetaRay

“The acquisition of Screena is a significant milestone for ThetaRay as we continue our mission to power the global fight against financial crime,” added Erel Margalit, Chairman of ThetaRay. “This move advances the ability to identify bad actors, whether it’s money laundering, drug trafficking, or terrorist financing in a much more pointed way.”

Exciting Future Ahead

Cédric Iggiotti, CEO of Screena, stated, “Integrating with ThetaRay has been a game-changer for us at Screena, revealing the true potential of combining Transaction Monitoring, Screening, and Customer Risk Assessment. We are excited to push the boundaries of what’s possible in building a more trustworthy financial ecosystem.”

About ThetaRay

ThetaRay is a pioneer in the field of Anti-Money Laundering with an AI-powered solution that delivers trusted transactions and trusted customers for banks, fintechs, and regulators around the world.

Media Contact:

Raoul Wootliff N10Spr@thetaray.com +972546921720