Project Description

Correspondent banks are de-risking respondent banks and PSP’s due to high compliance and risk costs which is directly reducing revenue, customer choice and financial inclusion.
With cross-border payments between businesses reaching $35 trillion by 2022, SONAR provides the only solution in cross-border payments where risk and revenue are no longer a trade-off,  allowing banks to expand their cross-border ecosystem safely.

ThetaRay is the developer of SONAR, a groundbreaking, AI-powered, transaction monitoring SaaS solution for cross-border payments that allows banks to expand their business opportunities by achieving safe and reliable cross-border payment monitorization.

ThetaRay’s technology is the only packaged SaaS offering that analyzes SWIFT traffic, risk indicators, and client/payer/payee data to detect anomalies indicating money laundering activity across complex, cross-border transaction paths. It is also one of the only AI-driven AML solutions that can be easily integrated and deployed within days, with minimal implementation required.

ThetaRay’s solution increases detection capabilities for both supervised and unsupervised data, and includes profiling and advanced analytics assessments, all in one platform.

Financial organizations that rely on highly heterogeneous and complex ecosystems benefit greatly from ThetaRay’s unmatchable low false-positive rates.

ThetaRay is interested in engaging banks and other financial institutions in Ghana and West Africa who can use their services.

For more information please contact Maame Yaa Amoah, our lead on the fintech sector.