ThetaRay

ThetaRay is the developer of SONAR, an artificial-intelligence platform ("artificial intuition") for monitoring cross-border payments, correspondent accounts and remittance. It was founded in 2013 and has offices in Hod HaSharon, Israel and New York.

Products The listed items are SONAR Transaction Monitoring, Cross-border Payment Screening, Customer Risk Assessment and Entity Resolution. The company says it allows banks and PSPs to serve high-risk cross-border corridors safely.

Customers and markets Targets are banks (Santander is named), cross-border PSPs, remittance providers and EMIs. Regions listed are Europe, the United States, the Middle East, Africa and Latin America, with a global scope.

Delivery ThetaRay is offered as enterprise cloud SaaS. Pricing is not published.

Correspondent banking is where de-risking has hit payment companies hardest, so the ability to monitor flows at corridor level is the practical reason a PSP might approach a bank with a recognised monitoring tool already in place.