ThetaRay and Spayce recently announced a strategic partnership to transform global payments security. In this Q&A, Peter Reynolds, CEO of ThetaRay, and Debra LePage, Partner & Co-Founder of Spayce, discuss why now, what’s next, and how AI is reshaping the future of financial crime compliance.
Q: What makes this partnership significant for the fintech and payments space?
Peter Reynolds (ThetaRay):
The financial crime landscape has shifted dramatically—bad actors are operating like global enterprises, using sophisticated tactics to evade legacy systems. This partnership brings together Spayce’s dynamic, cross-border payments platform with ThetaRay’s Cognitive AI intelligence to detect hidden threats, before they become problems. It’s about changing the game from reactive to proactive.
Debra LePage (Spayce):
Exactly. As Spayce grows globally, security and compliance have to scale with us. Partnering with ThetaRay ensures we can stay ahead of fast-evolving threats while maintaining the seamless experience our customers expect. It’s not just a tech upgrade—it’s a trust multiplier.
Q: What does ThetaRay’s Cognitive AI do differently than traditional AML systems?
Peter Reynolds:
Traditional systems rely on static rules that criminals have learned to work around. ThetaRay’s Cognitive AI, by contrast, uses unsupervised machine learning to identify complex threats across vast transaction networks—including those that haven’t been seen before. It dramatically reduces false positives and flags activity that rule-based systems simply miss.
Q: How are Spayce customers already benefiting from this integration?
Debra LePage:
The solution is already live in our infrastructure and being rolled out globally. Our customers—from SMBs to enterprise clients—are seeing reduced compliance friction, faster transaction approval times, and a higher degree of confidence in their cross-border activity. It’s helping them move money smarter and safer.
Q: Why is now the right time to make this move—and announce it at Money20/20 Europe?
Peter Reynolds:
Money20/20 is where the future of fintech is shaped. It’s the ideal stage to showcase how AI can fundamentally improve how payments are secured at scale. With regulatory pressure mounting and money laundering tactics evolving daily, now is the time to flip the script— transforming compliance from a growth barrier into a sustainable growth enabler.
Debra LePage:
We’re not just announcing a partnership—we’re making a statement about where the industry is headed. Money has no boundaries, and neither should innovation. AI isn’t optional anymore; it’s essential. For a fintech like Spayce, having an AI-first technology partner like ThetaRay—one that brings deep financial crime expertise and proven AI intelligence—is gold. It gives us a competitive edge not just in compliance, but in growth. As a growing fintech we’re proud to be ahead of the curve.
Q: What’s next for this partnership?
Peter Reynolds:
What’s exciting is that this is just the beginning. Spayce is now positioned to tap into the full power of ThetaRay’s Cognitive AI —not only for transaction monitoring, but also for advanced use cases like customer risk scoring, and KYB/KYC optimization. As Spayce continues to scale, these capabilities will allow them to gain a 360-degree dynamic view of risk across the entire customer lifecycle.
Debra LePage:
For us, this partnership is about continuous evolution. We’re not just adopting a new tool—we’re building a long-term intelligence layer into our infrastructure. As we scale, we’ll continue to unlock more capabilities of ThetaRay’s solutions to support smarter decisions across the customer journey. As ThetaRay helps us create a more complete view of risk, we keep the customer experience seamless and secure. So this partnership isn’t a one-time launch—it’s a foundation for long-term, intelligent growth.
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