ABN Amro picks ThetaRay machine learning tech to fight money laundering


ABN Amro has signed up for machine learning technology from ThetaRay to help it tackle money laundering and terrorist financing risks.

The bank-wide, five-year deal will see ABN Amro take advantage 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.

Helène Erftemeijer, director, client due diligence, admin and regulations, ABN Amro, says: “We have chosen ThetaRay’s solution as best match for ABN Amro’s primary and secondary goals. We are happy to embark on this new relationship with ThetaRay.”


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