ABN Amro has signed up for machine learning technology from ThetaRay to help it tackle money laundering and terrorist financing risks. The bank has signed a 5-year agreement, which will help it to make use of ThetaRay’s technology, based on algorithms and progressive machine learning which promise to detect financial crime patterns before they take place, with low false positive rates. Helene Erftemeijer, director, Client Due Diligence, Admin and Regulations at the bank, said ThetaRay’s solution has been found to the best match for bank’s primary and secondary goals.
