ThetaRay chooses Screena as sanctions list screening solutions partner

Tuesday 5 April 2022 14:01 CET | News

Israel-based ThetaRay has integrated Screena’s screening system into its SONAR SaaS tansaction monitoring solution.

ThetaRay’s SONAR is a financial crime prevention solution for global payments. Screena’s real-time, AI-supported solution uses proprietary algorithms and risk analysis to screen transactions against financial sanctions watchlists. The combined transaction monitoring and integrated screening solution can be deployed within weeks.

Officials from ThetaRay explained that the only way to accurately monitor the financial activities of sanctioned entities without causing pain to ordinary people is by leveraging AI capabilities. The two comapnies are committed to enabling seamless business and flow of currencies while preventing money launderers and sanctioned parties from exploiting banks and payments fintechs for illegal activities.

The SONAR system can identify sophisticated attempts to circumvent economic and trade sanctions and facilitates governments and financial institutions maintain smooth and uninterrupted global banking activities. Screena’s cloud-based AML and screening enables fintechs especially to grow their business opportunities in the financial ecosystem while instilling a new level of trust for global payments.

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Keywords: partnership, AML, transaction monitoring, identity verification, fraud prevention, financial sanctions
Categories: Fraud & Financial Crime
Companies: Screena, ThetaRay
Countries: World
This article is part of category

Fraud & Financial Crime




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