AI-based Big Data Analytics Leader Celebrates the Latest in a Series of Industry Honors
ThetaRay, the leading provider of AI-based Big Data analytics, announced that it has been selected as winner of the “Best Fraud Prevention Company” designation in the fourth annual FinTech Breakthrough Awards program.
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ThetaRay has also received several other awards and accolades in the past few months, including:
- 2020 AI Excellence Awards – Named a finalist
- CIO.com – Designated one of 10 Israeli fintech startups shaping financial services today
- Cybercrime Magazine – Named one of 10 Hot Cybersecurity Companies to Follow in April 2020
- Startup City – Named one of 15 Most Promising Cognitive Startups
- TracXN – Included in Soonicorn (Soon to be a Unicorn) Club of Israel FinTech
ThetaRay is a leading provider of AI-based Big Data analytics whose fraud detection, anti-money laundering and risk detection solutions enable financial institutions to uncover unknown threats and opportunities hidden within massive datasets. ThetaRay brings a transformational approach to big data analytics, isolating never-before-seen problems and opportunities that other solutions cannot detect. ThetaRay lets math discover meaning in the data without making any pre-assumptions. Its rule-free approach pinpoints items that matter in both the present and the future, mapping them in context, time and location.
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“Banks that use traditional threat detection systems are saddled with ridiculously high false positive rates ranging from 90-99%,” said Mark Gazit, CEO, ThetaRay. “We have developed a solution that propels the industry forward, radically reducing false positives while doing more to detect criminal activity than was previously thinkable. We are extremely pleased to receive this exciting industry recognition from FinTech Breakthrough, and I consider it a testament to the hard work and innovative approach executed by the entire stellar ThetaRay team.”
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