Surecomp integrates ThetaRay to mitigate TBML and ATM risks for banks and corporates

Canadian fintech Surecomp, which specialises in global trade finance solutions for banks and corporates, has announced a partnership with cyber security and big data analytics company ThetaRay for its detection platform to be live on the Surecomp Marketplace platform.

Fully integrated with Surecomp’s back-office trade finance solutions, ThetaRay can now be accessed to help banks and corporates mitigate the risks of trade-based money laundering (TBML), fraud and automatic teller machine (ATM) security breaches.

Advanced analytics

Marketplace employs big data while artificial intelligence-based analytics are used to detect suspicious behaviour, real-time anomalies and uncover previously unidentified risks.

Israel-based ThetaRay claims it provides one of the most cutting-edge solutions detection of unknown threat and risks to protect critical infrastructure and financial services and says it is now set to play a critical role in the trade finance digitisation process.

CEO comments

“As financial cyber-crime continues to rise, banks and corporates need to deploy significant measures to protect themselves against fraud, money laundering and suspicious behaviour,” says ThetaRay CEO, Mark Gazit.

“Surecomp customers can now benefit from our intuitive artificial intelligence, machine learning-based platform to further strengthen their digital risk management strategy,” he concludes.

Categories: Trade Based Financial crimes News

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