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ThetaRay Partners with Qolo to Provide Transaction Monitoring Technology for the Omnichannel Payments Platform #contactcenterworld New York, NY, USA; TEL AVIV, Israel; and FORT LAUDERDALE, FL, USA, May 2022 - ThetaRay, a provider of AI-powered transaction monitoring technology, and Qolo, an omnichannel platform enabling the seamless movement of money from a single API, announced a collaboration to detect and prevent financial crimes across Qolo's full range of curated payment services. Through the agreement, Qolo will implement ThetaRay's SONAR anti-money laundering (AML) SaaS solution to monitor transactions -- including worker disbursements, multi-currency business processing, and more -- for its existing and new clients. Qolo is a provider of core payment functionality, and 100% cloud-based issuing processor. Committed to elevating the future of payments, Qolo offers a simplified experience for its clients with comprehensive functionality, improved economics, and quicker time to market. ThetaRay's SONAR is a unique SaaS offering that analyzes multiple payment data sources to detect anomalies indicating money laundering activity across complex paths. It deploys proprietary "artificial intelligence intuition" machine-learning methodology with unbiased AI to rapidly analyze risk indicators associated with financial crimes for both domestic and cross-border payments. As a result, SONAR delivers 95% investigation-worthy alerts and detects both known and unknown threats hidden within massive amounts of data. "We look forward to working with Qolo to drive innovation in the fintech market and build a network of trust in today's growing global financial ecosystem," said Mark Gazit, CEO of ThetaRay. "ThetaRay's advanced AI will enable Qolo to better detect criminal behavior and increase client profitability." "We are thrilled to partner with Qolo and grow business while keeping their networks safe and secure from money laundering and other financial crimes," said Dan Wollis, Vice President, North America. "There is great synergy between ThetaRay and Qolo, with our SaaS solution complementing and bolstering their full-service, cloud-native payments infrastructure." #contactcenterworld Posted by Veronica Silva Cusi, news correspondent Date Posted: Tuesday, May 3, 2022 About ContactCenterWorld.com ContactCenterWorld.com is the world's premier on-line resource for the call and contact center industry. This article is one of hundreds available on-line to registered members. Our resource is updated every working day and includes content from every corner of the world. If you are not a registered member go to www.ContactCenterWorld.com and register today. |