# ThetaRay

> ThetaRay sells AI-powered financial crime compliance software to banks, fintechs and payment service providers. Its products combine transaction monitoring, sanctions and customer screening, dynamic customer risk assessment, and Ray, an investigation suite designed to assemble evidence and explain findings while preserving analyst control.

- **Founded:** 2013
- **Headquarters:** Hod HaSharon, Israel; US headquarters in New York, United States
- **Founders:** Amir Averbuch (Co-founder and Chief Academic Officer), Ronald Coifman (Co-founder; Yale mathematician), Mark Gazit (Co-founder and founding CEO)
- **Products:** Transaction Monitoring / SONAR, Transaction & Customer Screening, Customer Risk Assessment, Ray
- **Notable:** Santander and ThetaRay won a 2024 Digital Transformation Award for use of data in human trafficking and modern slavery detection., Shift4’s vendor-published case study reports 80% fewer total alerts and 70% more productive alerts after seven months., AirPak’s vendor-published case study reports 60% fewer enhanced due diligence cases within six months.

## Products & services

- **Transaction Monitoring / SONAR** — SaaS monitoring of payment behavior and anomalies, with investigation tools and network analysis. SONAR was publicly launched in May 2021.
- **Transaction & Customer Screening** — Screening against sanctions, watchlists, politically exposed persons and adverse media, with configurable matching and alerts.
- **Customer Risk Assessment** — Dynamic customer risk profiles and configurable risk matrices supporting onboarding and ongoing due diligence.
- **Ray** — Agentic AI investigation suite for evidence assembly, case analysis, explainable reports and an on-demand analyst assistant.

## Achievements

- Santander and ThetaRay won a 2024 Digital Transformation Award for use of data in human trafficking and modern slavery detection.
- Shift4’s vendor-published case study reports 80% fewer total alerts and 70% more productive alerts after seven months.
- AirPak’s vendor-published case study reports 60% fewer enhanced due diligence cases within six months.
- ThetaRay’s news index reports a September 2026 Finovate Best RegTech Solution award.

## Latest updates

- **2026-01** — Ray launched as an agentic AI AML investigation suite.
- **2026-07** — Former Santander financial crime leader Luis Pinedo joined to drive enterprise AI adoption.
- **2026-09** — The company announced a Finovate Best RegTech Solution award and a Datos Insights Fraud & AML Impact Awards silver medal.

## Links

- Website: https://thetaray.com/
- LinkedIn: https://www.linkedin.com/company/thetaray/
- Twitter/X: https://x.com/ThetaRayTeam
- YouTube: https://www.youtube.com/channel/UCnygTgxdaLM9mUcGUThTrxQ
- Instagram: https://www.instagram.com/thetaray/
- Facebook: https://www.facebook.com/thetaray

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Profile page: https://yespress.io/thetaray
Published by YesPress — https://yespress.io
Last updated: 2026-10-01