UK Fintech Gemba Selects ThetaRay for AML Program to Accelerate Global Growth

Gemba Finance, a provider of innovative banking and financial management solutions, and ThetaRay, the firm focused on next-generation AI-powered trusted global payments, announced the implementation of ThetaRay’s AI-powered transaction monitoring technology, SONAR, in order “to power Gemba’s growth, while reducing regulatory exposure which frequently hampers growth at financial institutions.”

Alexander Legoshin, CEO of Gemba Finance, said:

“As Gemba expands globally, it is critical that we reduce regulatory exposure, meet global standards and expectations as well as provide flexibility and agility to the compliance team. With ThetaRay we’re increasing our operational efficiency, improving customer satisfaction and increasing risk coverage – and that is powering our growth globally.”

Gemba Finance is a financial services company “with a track record of providing business banking and financial management solutions to democratize access to finance, especially for underserved communities.”

Gemba’s platform enables companies or communities “to create a new bank online in under one day without coding, compliance, and infrastructural headaches.”

Gemba’s all-in-one online banking and payment gateway solution “is fast, reliable, and secure, and designed to help users launch their own neobank quickly and easily.”

ThetaRay’s AI-powered transaction monitoring and screening solution “will enable Gemba to further scale its business while remaining compliant through a more efficient compliance program measured in significantly reduced false positives, increased detection-worthy cases, and reduced investigation time.”

ThetaRay’s platform, used by top banks and fintechs “such as Santander, Travelex, Tango Pay, ZeePay and MFS Africa, uses unsupervised AI as the backbone of its risk-based approach to financial transaction monitoring.”

ThetaRay recently announced “a $57 million round led by Portage Ventures, JVP and others to spur on further growth following 10x client growth and 5x ARR growth in less than two years.”

Gemba Finance is dedicated to “streamlining business banking and financial operations. Founded by entrepreneurs with firsthand experience of cumbersome banking processes, Gemba Finance was created to provide swift, seamless financial solutions.”

ThetaRay’s AI-powered SONAR transaction monitoring solution, based on “artificial intelligence intuition,” allows banks and fintechs “to expand their business opportunities and grow revenues through trusted global payments.”

The solution also improves customer satisfaction, “reduces compliance costs, and increases risk coverage.”

Financial organizations that “rely on highly heterogeneous and complex ecosystems benefit greatly from ThetaRay’s unmatchable low false positive and high detection rates.”

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