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HomeBankingThetaRay: AI to monitor remittance transactions into Africa for Zeepay

ThetaRay: AI to monitor remittance transactions into Africa for Zeepay

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ThetaRay: AI to monitor remittance transactions into Africa for Zeepay

  • ThetaRay is the provider of SONAR, the AI-powered AML transaction monitoring solution that allows payment fintech 
  • Announced that Zeepay has selected an advanced SONAR SaaS anti-money laundering solution
  • Remittances are an important method of bringing money into low-income countries and unbanked communities
  • However, they can also be used as a conduit for the financial crime for illicit funds
  • As remittances make up the majority of Zeepay’s business, the company needed to replace its previous rules-based monitoring solution
  • AI technology with the ability to prevent financial crimes is essential to fintech companies like Zeepay

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