ThetaRay and Piie Join Forces to Monitor AML in Insurance Payments

Date:

Share post:

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 Bureauhttps://talkfintech.com
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

BNP Paribas and Ant International Partner To Improve Cross-Border Payment Solutions In Europe

BNP Paribas, a bank in the European Union, has partnered with Ant International, a digital payments and financial...

Wirex And Visa Collaborate To Promote Use Of Digital Currencies In The UK And The European Economic Area (EEA)

Wirex, a Web3 money app, and Visa, a leader in digital payments, have announced a partnership to promote...

Transend Partners With Midland States Bank To Offer Innovative POS Solutions

Transend, a company that offers working capital solutions to businesses, has announced a new partnership with Midland States...

Three in ten adults have been a victim of financial fraud; spurring industry to continue investment to protect consumers

As fraud rates continue to rise, nearly all adults in the UK (94%) now say they are taking...