ThetaRay, a provider of AI-powered transaction monitoring and sanction screening solutions, has announced a strategic partnership with Knox Wire, a key player in cross-border payments. Knox Wire, known for its real-time gross settlement (RTGS) system covering over 190 countries and 150 currencies, aims to implement ThetaRay’s anti-money laundering (AML) transaction monitoring and sanction screening within its bank-to-bank communication network.
Knox Wire facilitates near-instantaneous cross-border payments for financial service providers (FSPs) worldwide, streamlining processes for partners such as stockbrokers, banking institutions, insurers, and more. The integration of ThetaRay’s AI technology is expected to enhance Knox Wire’s security and compliance measures, ensuring the integrity of cross-border payments while detecting illicit activities.
ThetaRay’s AI solution is designed to detect both known and unknown threats, including money laundering and terrorist financing, while minimizing false positives. Peter Reynold, CEO of ThetaRay, expressed pride in collaborating with Knox Wire to revolutionize cross-border payments, emphasizing the role of AI-driven technology in maintaining global financial trust.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}