IDB Bank taps ThetaRay for AI-powered transaction monitoring solution

Portfolio CompaniesLIP Fund II
Written By Federico de Mateo

IDB Bank, a New York-headquartered private and commercial bank with over $12.2 billion in assets, has teamed up with Israeli KYC solutions provider ThetaRay to strengthen its protections against financial crime. IDB Bank is set to adopt ThetaRay’s Transaction Monitoring solution, which uses cognitive AI designed to “emulate the depth and flexibility of human cognition”, as per the vendor’s website.

The offering facilitates instant risk analysis while aiming to ensure “full transparency in compliance operations by automatically documenting every step of the decision-making process”.


Federico de Mateo
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