SONAR by ThetaRay is an AI-powered AML transaction monitoring and screening solution designed to detect anomalies in data sets and reliably pinpoint suspected money laundering cases with virtually no false positives. It uses advanced AI called 'artificial intelligence intuition' and proprietary algorithms to analyze data dynamically without predefined scenarios. SONAR monitors customer and partner activities to detect known and unknown threats, screens for prohibited activity and payments to sanctioned entities, and provides real-time data visualizations. It detects unknown activity in any customer and product environment, even if unanticipated criminality has developed, with virtually no false positives. SONAR delivers reliable results, with 95% of flagged transactions deemed detection worthy. It is a scalable cloud-based SaaS AML/CFT solution that offers customer identity insights even when KYC information is lacking and is developed based on 20 years of academic research into AI.
