UAE’s Mashreq Bank Has Entrusted an Israeli Tech Firm for Cross-border Transfers

Mashreq Bank of the United Arab Emirates has chosen a transaction monitoring solution driven by Artificial Intelligence and developed by ThetaRay for correspondent banking.

ThetaRay is an Israeli Tech Firm based in Tell Aviv. Mashreq Bank will be benefitting from its AI-driven solutions for the protection of payment transfers across the border from financial crime.

Mashreq Bank’s Group Head of Compliance, Scott Ramsay....