The Northwest European Bank said the solution will improve the effectiveness and efficiency of post-transaction monitoring in controlling money laundering and terrorist financing [...]
One of the leading banks in Northwest Europe, ABN AMRO Bank N.V., has chosen ThetaRay’s machine learning solution to improve the effectiveness and efficiency of post-transaction monitoring in controlling money laundering and terrorist financing [...]
ThetaRay is AML way for ABN AMRO Bank N.V. FinTech Futures mentions our recent win. ABN AMRO Bank N.V. has partnered with ThetaRay in a five-year, bank-wide project to improve the Dutch bank’s anti-money laundering (AML) and counter-terrorist financing (CTF) [...]
ABN Amro has signed up for machine learning technology from ThetaRay to help it tackle money laundering and terrorist financing [...]
ABN AMRO, the third largest bank in the Netherlands and one of the leading banks in northwest Europe, has partnered with ThetaRay in a five-year, bank-wide project to improve the Dutch bank’s AML and CTF (counter-terrorist financing) capabilities. ThetaRay is a specialist in leveraging [...]
ThetaRay has won the 2018 ATM Industry AssociationGlobal Award for Next-Generation ATM Security. The company was recognized for a security solution that specifically addresses the risk of unknown future threats, and that will support next-gen ATM platform architecture. The company’s patented [...]
arge US and European banks are spending $20 billion a year on technology to help them comply with newly evolving regulations such as MiFID and PSD2. With regulatory environments becoming increasingly complex, 300+ million pages of regulatory documents will be published by 2020 & 600+ [...]
Financial institutions around the world seem to be most quick in bringing AI into the front-office… MEDICI recently conducted a study exploring some of the most common applications of AI across regions. Among other use cases of AI in Asian banking sector are … fraud prevention and compliance. [...]
According to the Federal Trade Commission’s annual data summary of consumer complaints released in March, 40 percent of Americans between ages 20 and 29 reported losing money to con artists in 2017 compared to only 18 percent of people 70 and [...]
Singapore’s OCBC Bank has seen a 35% reduction in the number of alerts while the accuracy rates of identifying suspicious transactions increased by more than four times after it started testing ThetaRay’s AI-based AML software. Loretta Yuen, group general counsel of OCBC and ThetaRay’s SVP of [...]
Machine learning and artificial intelligence will become the most defining technologies in banking and beyond, which led some of the most powerful institutions to seek partnerships, investments, and in-house developments to take advantage of application potential of machine learning and [...]
Late last year, OCBC Bank became the first bank in Singapore to implement artificial intelligence and machine leaning in its efforts to root out suspicious activities, specifically money laundering and other financial crimes. To do so, it turned to ThetaRay, a global cyber-security and big data [...]
Faced with an ever-increasing compliance burden, financial institutions are seeking to make their AML operations more efficient and effective. As part of this effort, firms are exploring ways to supplement legacy AML technologies with advanced [...]
“Across the board, more criminals will use AI and machine learning to conduct their crimes. Ransomware will be automatic, bank theft will be conducted by organized gangs using machine learning to conduct their attacks in more intelligent ways, and smaller groups of criminals will be able to [...]