{"id":2539565,"date":"2023-04-28T06:58:00","date_gmt":"2023-04-28T10:58:00","guid":{"rendered":"https:\/\/platoai.gbaglobal.org\/platowire\/thetarays-sonar-aml-solution-vigipay-safeguards-businesses-as-featured-in-the-fintech-times\/"},"modified":"2023-04-28T06:58:00","modified_gmt":"2023-04-28T10:58:00","slug":"thetarays-sonar-aml-solution-vigipay-safeguards-businesses-as-featured-in-the-fintech-times","status":"publish","type":"platowire","link":"https:\/\/platoai.gbaglobal.org\/platowire\/thetarays-sonar-aml-solution-vigipay-safeguards-businesses-as-featured-in-the-fintech-times\/","title":{"rendered":"ThetaRay’s SONAR AML Solution, VigiPay, Safeguards Businesses as Featured in The FinTech Times."},"content":{"rendered":"

ThetaRay, a leading provider of big data analytics solutions, has recently been featured in The FinTech Times for its innovative anti-money laundering (AML) solution, VigiPay. The solution is designed to safeguard businesses against financial crimes by detecting and preventing fraudulent activities in real-time.<\/p>\n

VigiPay is powered by ThetaRay’s proprietary SONAR technology, which uses advanced machine learning algorithms to analyze large volumes of data and identify patterns that indicate suspicious behavior. The solution can be integrated with existing AML systems to enhance their capabilities and provide a more comprehensive view of potential risks.<\/p>\n

One of the key benefits of VigiPay is its ability to reduce false positives, which are alerts generated by AML systems that turn out to be legitimate transactions. False positives can be a major headache for businesses, as they require time-consuming investigations and can result in delays and lost revenue. VigiPay’s advanced analytics capabilities enable it to distinguish between genuine transactions and those that are potentially fraudulent, reducing the number of false positives and improving overall efficiency.<\/p>\n

Another advantage of VigiPay is its flexibility and scalability. The solution can be customized to meet the specific needs of different businesses, and can handle large volumes of data without compromising on performance. This makes it an ideal choice for organizations of all sizes, from small startups to large multinational corporations.<\/p>\n

In addition to its advanced analytics capabilities, VigiPay also offers a user-friendly interface that makes it easy for businesses to monitor and manage their AML activities. The solution provides real-time alerts and notifications, enabling businesses to take immediate action when suspicious activity is detected.<\/p>\n

Overall, ThetaRay’s VigiPay solution is a powerful tool for businesses looking to enhance their AML capabilities and protect themselves against financial crimes. With its advanced analytics capabilities, flexibility, and user-friendly interface, VigiPay is a valuable addition to any organization’s AML toolkit.<\/p>\n