ThetaRay has launched Ray, an Agentic AI investigation suite designed to assist banks automate and standardize transaction monitoring investigations amid rising alert volumes and regulatory scrutiny.
The platform targets rising regulatory calls for from frameworks such because the EU’s AMLR and FinCEN’s AML/CFT directives by delivering sooner, extra constant, and audit-ready investigations with traceable, explainable AI.
Ray helps companies create compliance-critical workflows and scale AML operations with out counting on guide processes or growing headcount.
Monetary crime detection firm ThetaRay has launched a brand new set of instruments to assist companies sustain with evolving laws within the face of superior fraud. Referred to as Ray, the brand new Agentic AI investigation suite goals to assist banks conduct transaction monitoring investigations.
Ray is embedded into ThetaRay’s Investigation Middle, an Agentic investigation suite designed for banks, fintechs, and funds platforms balancing excessive alert volumes with rising regulatory calls for. Ray combines autonomous investigations with on-demand analyst assist. The fintech anticipates Ray will finally assist banks scale back the time it takes to resolve circumstances and create extra consistency in investigations that span inside groups and jurisdictions. ThetaRay created Ray to autonomously deal with the total investigation by validating the geolocation, analyzing patterns, and scanning antagonistic media to arrange a structured, audit-ready case-file doc.
The launch is strategic and comes at a time when regulators throughout the globe are elevating their expectations for investigative high quality and documentation. The EU’s new Anti-Cash Laundering Regulation (AMLR) and AML Authority framework require stronger due diligence, extra rigorous monitoring and record-keeping, and constant compliance controls throughout jurisdictions. Within the US, FinCEN’s AML and Counter Financing of Terrorism (CFT) directives require clear, evidence-based investigations and Suspicious Exercise Report (SAR) narratives.
“That is an extremely necessary second for us and for the trade,” stated ThetaRay CEO Brad Levy. “I couldn’t be extra energized by the chance to sort out one of many greatest challenges in monetary crime compliance. Our mission is straightforward: to assist make international markets extra trendy and safe for all. The long run shall be formed by individuals who care and by megatechs and specialised fintechs working intently collectively to lift the bar for transparency, accountability, and lasting belief.”
Nonetheless, as regulators require increased investigative high quality, documentation, and extra defensible selections, alert volumes proceed to rise and place a pressure on investigation groups, requiring guide knowledge gathering.
“Monetary establishments are transferring past experimentation towards actual, production-grade use of Agentic AI in compliance-critical environments,” stated Microsoft International Head of AI Technique and GTM for Funds and Banking Tyler Pichach. “Platforms like Ray reveal how Agentic AI, when deployed on a safe and ruled cloud like Microsoft Azure, might help banks modernize advanced investigation workflows whereas assembly regulatory expectations for transparency, management, and belief.”
With Ray, companies can put together for this elevated pressure by utilizing it to automate proof assortment, behavioral and counterparty evaluation, open-source checks, and doc assessment and narrative era. Constructed and deployed on Microsoft Azure, Ray provides an on-demand AI assistant that helps questions from analysts and deeper exploration.
“Guide investigations inevitably range from analyst to analyst. Ray introduces a constant reasoning framework throughout all the operation, decreasing subjectivity, and guaranteeing that every case, irrespective of who handles it, stands as much as scrutiny,” stated ThetaRay Regulatory Affairs Supervisor David Shapiro. “Most significantly, Ray was constructed so that each resolution is traceable again to proof. In a regulatory setting that calls for transparency, AI explainability is the muse.”
As regulators require extra defensible, constant, and clear investigations, monetary establishments are underneath strain to modernize workflows that depend on guide evaluation and fragmented instruments. By embedding Agentic AI immediately into the investigation course of, ThetaRay is positioning Ray amid the following era of AML operations during which regulators require pace, consistency, and explainability.
Based in 2013, ThetaRay provides transaction monitoring, transaction and buyer screening, and buyer threat evaluation suites to assist companies combat monetary crime. The Israel-based firm helps its 100+ institutional shoppers leverage AI to observe 15 billion transactions valued at $20 trillion on an annual foundation.
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