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22 December 2020 14:17 GMT ThetaRay, a leading provider of AI-based Big Data analytics, today announced that its Anti-Money Laundering (AML) for Correspondent Banking solution has been chosen by Spanish wholesale bank Cecabank. The AI-based technology will enable Cecabank to analyze SWIFT traffic, risk indicators and client/payer/payee data to detect anomalies indicating money laundering or terrorism financing schemes in correspondent banking transactions. ThetaRay's solution is the first and only AI-based technology that detects criminal schemes across complex, cross-border transaction paths...

Share: NEW YORK, Dec. 17, 2020 /PRNewswire/ -- ThetaRay, a leading provider of AI-based Big Data analytics, today announced that its Anti-Money Laundering (AML) for Correspondent Banking solution has been chosen by Spanish wholesale bank Cecabank. The AI-based technology will enable Cecabank to analyze SWIFT traffic, risk indicators and client/payer/payee data to detect anomalies indicating money laundering or terrorism financing schemes in correspondent banking transactions. ThetaRay's solution is the first and only AI-based technology that detects criminal schemes across complex, cross-bord...