Transaction & Customer Screening

Provides compliance teams with more power to protect their company from bad actors and transactions

Protect your business from regulatory and reputational harm

ThetaRay Screening combines real-time screening for transactions and customers – both at speed and at scale. ThetaRay’s API, powered by AI, accurately verifies names of people and organizations against vast watchlist databases and checks the counterparties in all financial transactions.

Supports both banks and fintechs as they seek to manage both the growing expectations for payments, transfers and decisions to be immediate, while providing a fast and frictionless customer experience.

AI-Powered Matching
Watchlist Coverage
Advanced Features

AI-Powered Matching

Proprietary algorithms match records and watchlists on every data point and provide real-time entity resolution. This increases efficiency and reduces analyst workload by returning only meaningful alerts to investigate.

Watchlist Coverage

Out-of-the-box coverage includes major OFAC, EU, UN and UK (HMT) lists and are updated automatically. Also supports internal private and 3rd-party lists and adverse media to identify information that could indicate potential risk or illicit activity.

Advanced Features

Configure screening engine with secondary attribute matching and detailed custom settings such as thresholds, list filters, and advanced alert scoring rules. Full traceability and explainability of every matching result.

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

Read customer story

How it Works

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.