Payments firm ThetaRay has raised $57 million to boost its financial crime detection capabilities. The growth round, announced Tuesday (Sept. 5), was led by Portage and will allow ThetaRay to accelerate its global growth plans. “Global payment infrastructure too often fails to accurately differentiate between perfectly legitimate transactions...
A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank with a £1.5 million ($1.83 million) penalty in October for not applying sufficient anti-money laundering (AML) checks on customers based...
Today in the connected economy, Samsung makes a deal with Dish to sell equipment for its soon-to-launch American 5G network. Also, restaurant software firm Toast launches a tool for hotel restaurants, and Paysafe expands its ongoing partnership with Visa. Samsung Agrees to Supply Dish Network...
AI-powered cybersecurity firm ThetaRay is teaming up with omnichannel B2B payments startup Qolo to detect and prevent financial crimes across Qolo’s full range of curated payment services. “We are dedicated to enabling fast, agile and secure payment solutions in the name of future-proofing our clients,”...
September 14, 2023
Financial software firm Finastra has debuted a “Compliance-as-a-Service” solution for banks. The new tool, announced by the British company Thursday (Sept. 14) and available on Microsoft Azure, includes real-time anti-money laundering transaction screening from Fincom and ThetaRay’s artificial intelligence (AI)-powered transaction monitoring. According to a news release, the solution lets banks in Europe and the U.S. streamline and automate […]
September 05, 2023
Payments firm ThetaRay has raised $57 million to boost its financial crime detection capabilities. The growth round, announced Tuesday (Sept. 5), was led by Portage and will allow ThetaRay to accelerate its global...
May 03, 2022
AI-powered cybersecurity firm ThetaRay is teaming up with omnichannel B2B payments startup Qolo to detect and prevent financial crimes across Qolo’s full range of curated payment services. “We are dedicated...
July 04, 2018
Cybersecurity firm ThetaRay has notched more than $30 million in a funding round, bringing its total fundraising to over $60 million. The company counts Bank Hapoalim, Jerusalem Venture Partners, General...
