ThetaRay’s Sonar goes live on Microsoft Azure Marketplace
ThetaRay, the Israeli provider of AI-powered transaction monitoring technology, has officially joined the Microsoft Cloud Solution Provider (CSP) programme.
ThetaRay becomes a Microsoft CSP
With its newfound status as a Microsoft CSP, ThetaRay’s Sonar solution is now available through the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure.
Sonar is a Software-as-a-Service (SaaS) transaction monitoring solution which is powered by unbiased AI and based on “artificial intelligence intuition”. It allows banks and fintechs to expand their business opportunities and grow revenues through cross-border payments.
ThetaRay claims the solution “improves customer satisfaction, reduces compliance costs, and increases risk coverage”.
The solution’s inclusion on the Microsoft Azure Marketplace means ThetaRay’s customers can leverage the Azure cloud platform to optimise its deployment and management.
ThetaRay’s technology currently engages around one billion end users and monitors over 15 billion transactions per year.
More than 50 banks and fintechs have currently implemented ThetaRay’s solution. This includes Nigerian paytech VigiPay, UK-based open banking fintech Noda and Mexican fintech Tudi.
