ThetaRay employs Cognitive AI for financial compliance, aiding institutions by recognizing legitimate customers while alerting on suspicious individuals. Its Software as a Service (SaaS) solutions streamline compliance operations, reducing implementation time and transforming compliance into a growth driver.
As criminal networks grow more sophisticated and adaptable, much like multinational corporations, traditional rule-based Anti-Money Laundering (AML) systems become outdated. These older tools frequently miss hidden risks, allowing illicit activities to go undetected and exposing institutions to regulatory and financial penalties.
To address these challenges, Spayce has incorporated ThetaRay’s Cognitive AI Transaction Monitoring solution into its global payment framework, boosting its financial crime detection capabilities. This solution harnesses Cognitive AI to continuously analyze vast transaction data, pinpointing subtle suspicious activities with precision. The AI-driven approach optimizes compliance and supports secure scaling, turning regulatory readiness into a sustainable growth factor.
Global Reach and Enhanced Transparency
Spayce now serves clients ranging from small and medium-sized businesses to financial institutions across more than 200 countries, benefiting from improved transaction flow visibility without compromising speed or customer experience. This advancement fosters a quicker and secure global payments ecosystem where compliance enhances growth rather than hinders it.
Officials from ThetaRay have highlighted that the evolution of financial crime necessitates rapid adaptation in technology to combat it effectively. The partnership between Spayce and ThetaRay combines robust payment infrastructure with ThetaRay’s Cognitive AI, enabling proactive risk management, increased transparency, and reliable cross-border transactions—key elements for driving global growth.