ThetaRay Onboards ABN AMRO for Bank-Wide Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Solutions


June 19, 2018

One of the leading banks in Northwest Europe, ABN AMRO Bank N.V., has chosen ThetaRay’s machine learning solution to improve the effectiveness and efficiency of post-transaction monitoring in controlling money laundering and terrorist financing risks. The scope of the activities is bank-wide and has been defined for period of five years.

ThetaRay’s solution allows financial institutions to detect the earliest signs of financial crime. The solution is based on mathematical algorithms that have been developed for over a decade by world renowned mathematicians, as well as progressive machine learning with the ability to detect financial crime patterns before they take place. The low false positive rates generated by the efficient solution enable banks to handle the dangers of money laundering, terrorist financing and other crime-related risks.