Hyland TL 9 7 2018
Follow Us
ITA MEMBERSHIP

DATA

DATA

ThetaRay Analytics Platform Detects Threats, Opportunities

Staff Writer | October 24, 2016

ThetaRay announces an advanced analytics platform, THETA, which provides data analytics methodologies and forensics to help protect financial organizations, cyber security divisions, and critical infrastructure companies against unknown cyber and operational risks, while unlocking new revenue opportunities. 

The platform is in use for fraud detection and anti-money-laundering (AML) purposes.  It also detects critical threats such as ATM hacking, insurance fraud, and SWIFT-based attacks, while assisting with quick payments, compliance and credit scoring.

“THETA is a complete, end-to-end platform, offering detailed forensics and robust abilities that go far beyond anything that ThetaRay has ever offered,” says Mark Gazit, CEO of ThetaRay.  “We believe that its methodologies and workflow have the potential to transform the anomaly detection discipline.”

THETA is data-agnostic, enabling it to analyze any data set without prior knowledge of business processes. It has a high detection rate and becomes more accurate with each piece of data it receives. The platform also helps fraud and risk departments avoid alert fatigue and receive accurate and insightful analysis. THETA can be up and running in a matter of days.

THETA features include:

Transformed Data Analytics - Innovative data analytics methodologies delivered via graphic user interface enable users to easily and effectively set up and execute analyses across multiple use cases.

Big Data Processing – Spark-based big data processing delivers immediate insights when analyzing masses of data.

Predictive Analytics - Six new detection algorithms, including genetic mutations predictive analytics and neural networks, provide superior future-proof detection.

Online Detection - Continuous analysis of incoming data delivers immediate actionable alerts.

Enterprise-Grade Deployment - End-to-end big data analytics with an extensive operational envelope allows effortless connection/integration to customer systems and workflows.

 

 


Featured articles

DTPH MR

MT RHS Rotating 4 10 2018

ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

ITA LIVE 2019

The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.

ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News