Security

ThetaRay partners with Knox Wire for AML transaction monitoring

Photo: Adobe Stock

November 20, 2023

ThetaRay, an AI-powered transactions monitoring solutions provider, partnered with Knox Wire, a cross-border payments company, to provide anti-money laundering transaction monitoring and sanction screening for Knox Wire's bank-to-bank wire network, according to a press release.

With this integration, Knox Wire can provide better security for its customers and detect potentially illegal cross-border payments. Knox Wire's network offers real-time gross settlement for payments in more than 190 countries and 150 currencies.

"We are proud to collaborate with Knox Wire in their mission to revolutionize cross-border payments," Peter Reynold, CEO of ThetaRay, said in the release. "Our AI-driven technology will help maintain the highest level of global financial trust while enabling swift and secure transactions for people and businesses across the globe."