Transaction & Customer Screening

Improve customer experience and identify potential threats in real-time.

Real-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.

Comprehensive Screening
Dynamic Risk Scoring
Real-time Alerts
Customizable Rules and Parameters
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

Read customer story

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.