ThetaRay and Spayce Join Forces to Enhance Global Payment Security

ThetaRay and Spayce have announced a strategic partnership to enhance global payment security and combat financial crime using Cognitive AI, unveiled at Money 20/20. In a press release, the companies detailed how ThetaRay's advanced Cognitive AI will be integrated with Spayce's cross-border payment technology to detect financial crime and improve compliance.

Spayce has implemented ThetaRay's Cognitive AI Transaction Monitoring solution into its global payments infrastructure. This solution continuously analyzes vast volumes of transaction data to detect suspicious activities and uncover complex financial crime schemes with high accuracy. This integration aims to provide Spayce with deeper visibility into transaction flows without compromising speed or customer experience.

The partnership is designed to address the evolving landscape of financial crime, where traditional rule-based anti-money laundering systems often fall short. By leveraging AI, the collaboration seeks to offer proactive risk mitigation and greater transparency in cross-border transactions, supporting Spayce's expansion into new markets while maintaining high standards of security and compliance.