ThetaRay launched GenAI Monetary Crime Detection Suite.
The brand new suite is powered by Microsoft’s Azure OpenAI Service, which provides builders REST API entry to OpenAI’s language fashions.
The GenAI Monetary Crime Detection Suite permits monetary establishments to enhance AML efforts, streamline compliance, and proactively handle threat indicators.
Monetary crime detection firm ThetaRay introduced it’s collaborating with Microsoft within the launch of its new product, GenAI Monetary Crime Detection Suite.
The brand new suite integrates Microsoft’s Azure OpenAI Service, a service that offers builders REST API entry to OpenAI’s language fashions, corresponding to o1-preview, GPT-4o, and GPT-4. The service permits purchasers to adapt the fashions to their particular process or use case.
ThetaRay reviews that teaming up with Microsoft will permit it to deliver corporations a GenAI-powered case supervisor that can detect monetary crime, adapt methods over time, and meet authorized reporting requirements. ThetaRay reviews that its collaboration with Microsoft will allow it to ship a GenAI-powered case supervisor designed to detect monetary crimes, refine detection methods, and guarantee compliance with regulatory reporting requirements. With the launch of its new GenAI Monetary Crime Detection Suite, ThetaRay goals to reinforce threat evaluation, streamline operational workflows, and strengthen anti-money laundering (AML) reporting to cut back fraudulent exercise, corresponding to cash laundering and terrorist financing.
“ThetaRay’s integration with Azure OpenAI Service delivers an answer that empowers monetary establishments to reinforce key elements of their AML efforts, like oversight, reporting, and threat catalogue processes,” mentioned Azure AIat Microsoft Corp. Vice President Yina Arenas. “By integrating generative AI of their monetary crime detection options, organizations can mitigate threat, drive distinctive efficiencies, and elevate regulatory requirements.”
Together with immediately’s launch, ThetaRay can be unveiling a brand new, GenAI-driven threat catalogue to allow monetary establishments so as to add threat indicators. “Our expertise has already established us as a pacesetter in AI, and now with our latest threat catalogue answer, we’re empowering organizations to proactively handle dangers, streamline compliance, and make extra knowledgeable choices,” mentioned ThetaRay CEO Peter Reynolds. “We’re excited to proceed to deepen our collaboration with Microsoft, utilizing their Azure OpenAI Service to reinforce our imaginative and prescient of enabling trusted transactions throughout the monetary ecosystem.”
Based in 2013, ThetaRay gives transaction monitoring, transaction and buyer screening, and buyer threat evaluation suites to assist corporations battle monetary crime. The Israel-based firm helps its 100+ institutional purchasers leverage AI to observe 15 billion transactions valued at $20 trillion on an annual foundation.
Photograph by cottonbro studio
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