ThetaRay and Piie Join Forces to Monitor AML in Insurance Payments


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ThetaRay, a provider of transaction monitoring technology powered by artificial intelligence, has partnered with US InsurTech Piie to implement an anti-money laundering (AML) solution for insurance claim payments.

Piie will incorporate ThetaRay’s AI-driven SONAR transaction monitoring AML solution after the collaboration. On its payments-as-a-service platform, which includes support for mobile applications, it monitors and finds anomalies pointing to suspected financial crime. SONAR is made to assist banks and FinTech in implementing a risk-based strategy to efficiently spot actual suspicious activity.

The advanced SONAR solution from the Israeli RegTech was chosen by the FinTech platform Ontop in December to track and identify threats related to both known and unidentified financial crime.

Read More: ThetaRay and Piie Partner For AML Monitoring in Insurance Payouts

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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