Founded in 2013, ThetaRay develops artificial intelligence systems to detect financial crime. The company's technology is used by banks, fintechs, and payment service providers to meet compliance obligations. Its core technical work involves cognitive AI and unsupervised machine learning, a branch of the field that identifies patterns without relying on pre-labelled datasets.
The firm's flagship product, SONAR, applies these techniques to build risk profiles of transactions and flag suspicious activity that may not be detected by rule-based systems. This approach is designed to uncover novel threats and reduce false positives, a persistent challenge in anti-money laundering operations.
ThetaRay is headquartered in Hod HaSharon, Israel, with additional offices in New York, London, Madrid, and Dubai. The company operates across the financial services sector, serving clients in traditional banking as well as newer digital payment and fintech firms.
