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Transaction & Customer Screening
Improve customer experience and identify potential threats in real-time.
Download Product SheetReal-time protection from regulatory and reputational harm
ThetaRay Screening, driven by AI, delivers an efficient method for identifying and mitigating risks associated with potentially suspicious individuals, entities, and transactions, while enhancing the customer experience.
Combining real-time screening for transactions and customers, ThetaRay accurately verifies names of people and organizations against vast watchlist databases and checks the counterparties in all financial transactions.
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Comprehensive Screening
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Dynamic Risk Scoring
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Real-time Alerts
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Customizable Rules and Parameters
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Adaptability to Emerging Risks
Comprehensive Screening
Screens customers and transactions against global watchlists, sanctions lists, PEP (Politically Exposed Persons) lists, and adverse media sources, as well as identifying potential hidden relationships through data analysis.
Dynamic Risk Scoring
Provides a dynamic risk score based on transaction history, geographic risk, and connections to high-risk entities or individuals, ensuring a comprehensive assessment of potential threats.
Real-time Alerts
Generates real-time alerts for potential high-risk transactions or individuals, enabling timely and proactive responses to emerging threats before they escalate.
Customizable Rules and Parameters
Offers flexibility by allowing financial institutions to tailor screening criteria to their specific needs, geographic focus, and regulatory requirements, ensuring adaptability across different jurisdictions and compliance standards.
Adaptability to Emerging Risks
Continuously updates its screening process to reflect new data, evolving criminal tactics, and changes in regulatory environments, ensuring that your screening system remains current and effective.
Integrate Screening Seamlessly
Integrating transaction and customer screening can be a complex and disruptive process, involving months of painful integration and significant resources before organizations realize value. ThetaRay’s RESTful API provides a frictionless and transparent process, where institutions can start testing within hours and integrate in days not months.
Clients can establish a granular matching strategy that flexibly adapts to their business priorities and can be tailored to each screening request.
Travelex is the world’s largest foreign exchange provider, with a presence in more than 20 countries. Travelex selected ThetaRay to support a new risk-based approach to their anti-money laundering (AML) program.
Results included:
- Fast implementation in a matter of weeks
- 10x reduction in false positives during POC
- High-speed transaction and customer screening
- Improved alert quality
AI-driven Customer & Transaction Screening
ThetaRay Screening uses a combination of machine learning, deterministic rules, and secondary attributes to accurately verify people and organizations against vast databases.
Together, these attributes generate a matching score that considers supplementary details, such as date of birth, address, entity type and more. The higher the score, the more likely a match is a true positive.
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Seamless customer onboarding experience
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Improved operational efficiency
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Automation of screening processes
- Regulatory compliant
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Proactive risk management
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Enhanced detection accuracy
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