Security

Gemba Finance integrates ThetaRay AI for AML

October 10, 2023

Gemba Finance, a banking and financial management solutions provider, partnered with ThetaRay, an AI payments company, to integrate its transaction monitoring solution SONAR. With this tool, Gemba Finance aims to combat money laundering on its online banking and payment gateway, according to a press release.

ThetaRay's solution helps reduce false positives while increasing detection rates and reducing investigation time.

"As the financial crime battle continues to become more complex, fintechs and banks must adopt technology that can keep them ahead of evolving criminal tactics and strategies," Peter Reynolds, CEO of ThetaRay, said in the release. "Particularly here in the U.K., a leading financial center of the world, companies like Gemba are taking a leap forward in their AML capabilities and that is helping to build a trusted global payment system."