ThetaRay Wins Abu Dhabi "The Search: Israel" Competition

Will Represent Israel in Global Competition to Identify the World's Leading FinTech and Cyber Startups

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25 Oct, 2021, 17:52 GMT

TEL AVIV, Israel, Oct. 25, 2021 /PRNewswire/ -- ThetaRay, whose solutions enable the acceleration of cross-border interbank transfers while protecting financial institutions from financial crimes, today announced that it has won Abu Dhabi's "The Search: Israel" competition. The company will now compete against businesses from around the world in The Global Fintech Search competition. Winners will be announced at FinTech Abu Dhabi, the world's largest FinTech event, taking place November 22-24 at Abu Dhabi's ADGM Financial Trade Center.

The Israeli startups selected as finalists at the prestigious "The Search" competition: Tenurex and ThetaRay. From left to right: Abu Dhabi Investment Office Financial Services & ICT Sector Lead Carmen James, Bank Hapoalim CEO Dov Kotler, ADGM Head of Capital Markets and Asset Management Mohamed AbdulGhaffar, ThetaRay President and CEO Mark Gazit, Tenurex CEO and Co-founder Izhar Arieli, and Tel Aviv University Prof. Leo Leiderman. (credit: Sivan Farag)

"The Search: Israel" was held as part of the FinTech and Cyber Forum at ADGM. The special forum was chaired by senior members of the UAE financial organizations and included members of Bank Hapoalim management and the Israeli Export Institute. The forum's agenda included formal greetings, professional panels in various fields, and the presentation of the candidacy of seven Israeli companies for the contest: Personetics, Nayax, Blender, TenureX, CRiskCo, Neema and ThetaRay.

"Winning this competition reinforces the value ThetaRay brings to bankers and financial companies that need a trusted solution to enable them to handle cross-border transactions reliably and securely," said Mark Gazit, CEO of ThetaRay. "Our innovative solution helps financial organizations increase their business opportunities, reduce costs, and meet stringent regulatory requirements, all while focusing on their core business."

About ThetaRay:

ThetaRay has developed a technological, groundbreaking, and reliable AI-based solution that allows banks to focus on their core business and increase business opportunities through secure, reliable cross-border payments. ThetaRay's technology is the only SaaS offering end-to-end artificial intuition solutions, from data integration to alert resolution. It provides innovative data integration and quality capabilities, advanced analytics, portfolio management, increased monitoring of supervised and unsupervised data, and other machine learning technologies in a single unified platform. Organizations that rely on highly heterogeneous and complex environments benefit from ThetaRay's unrivaled discovery and low false positives. For more information: www.thetaray.com

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