ThetaRay and Spayce announced a strategic partnership to enhance global payment security using Cognitive AI technology.
The collaboration, unveiled at Money 20/20, aims to combat financial crime and improve compliance in cross-border transactions, leveraging ThetaRay’s advanced AI capabilities.
It will address the growing sophistication of financial crime networks, which increasingly operate like multinational corporations.
By integrating ThetaRay’s Cognitive AI Transaction Monitoring solution, Spayce aims to strengthen its financial crime detection capabilities.
Spayce’s deployment of ThetaRay’s solution into its global payments infrastructure enhances its ability to detect nuanced suspicious activity.
The AI-driven approach not only strengthens compliance but also enables Spayce to scale securely, transforming regulatory challenges into opportunities for growth.
ThetaRay CEO Peter Reynolds said: “Financial crime is evolving rapidly, and the technology used to combat it must evolve even faster.
“Our partnership with Spayce unites robust payment infrastructure with ThetaRay’s Cognitive AI to deliver proactive risk mitigation, greater transparency, and the trusted cross-border transactions needed to power global growth.”
ThetaRay’s Cognitive AI technology empowers financial institutions to identify legitimate customers and flag potential threats.
Its SaaS solutions offer efficient compliance operations, overcoming the limitations of traditional systems and enabling institutions to expand confidently into new markets.
The technology is used by top financial institutions such as Clear Bank, Mashreq Bank, Onafriq, Payoneer, Santander, and Travelex.
With over three decades of experience, Spayce provides secure and efficient cross-border payment solutions, trusted by businesses worldwide.
Serving clients in over 200 countries, Spayce gains enhanced visibility into transaction flows while maintaining speed and customer experience.
Their integration results in a more secure global payments ecosystem, where compliance facilitates expansion rather than hindering it.
Spayce partner and co-founder Debra LePage said: “As Spayce expands its global payments capabilities, security and AML compliance remain at the core of our mission.
“Partnering with ThetaRay empowers us to stay ahead of increasingly sophisticated financial threats, while continuing to deliver seamless, trusted payment experiences for our customers worldwide.”
