ThetaRay has won the 2018 Asian Banker Risk Management Award for ‘Regulatory Technology Implementation of the Year’ award this week.
ThetaRay is a provider of big data analytics solutions and received the award for its efforts towards helping a major Asian financial institution combat financial crime.
The company’s AML software solution ‘significantly increased’ the banks operational efficiency, and reportedly reduced false alerts by 35%. It also increased the accuracy rate of identifying suspicious transactions by more than four times the normal rate.
ThetaRay CEO Mark Gazit says the team is humbled to be recognised for its efforts in financial crime.
“We are… proud to be recognized for our innovative approach to combating money laundering. We are…
