ThetaRay, a leading provider of Cognitive AI-driven financial crime compliance solutions, and Spayce, a cross-border payments platform operating in over 200 countries, have formed a strategic partnership aimed at bolstering global payment security.
The partnership arrives as financial crime grows more complex, with illicit actors increasingly mirroring the scale and agility of multinational corporations. Legacy, rules-based anti-money laundering (AML) systems are proving insufficient to tackle these sophisticated threats. ThetaRay and Spayce have teamed up to address this critical gap with next-generation, AI-driven compliance tools.
ThetaRay’s Cognitive AI Transaction Monitoring technology will be embedded into Spayce’s global payments infrastructure. This integration will enable the continuous, real-time analysis of vast transaction volumes, improving the detection of hidden threats and complex financial crime patterns. The system promises enhanced accuracy and faster insights, helping Spayce scale operations without compromising regulatory compliance or customer experience.
ThetaRay delivers financial crime detection powered by Cognitive AI that surpasses the limitations of traditional rule-based systems. Its platform is designed to adapt to emerging threats and deliver high precision in identifying suspicious activity. The solution is already in use by banks, fintechs, and payment providers worldwide.
Spayce offers cross-border payment services to small businesses and large financial institutions alike, serving clients in over 200 countries. With a focus on speed, transparency, and trust, Spayce aims to create a seamless global payments ecosystem where compliance becomes an enabler of growth, rather than a constraint.
The partnership will be formally introduced at Money 20/20, a key industry event. It marks a significant milestone in redefining how payment providers approach AML and security in today’s fast-evolving regulatory landscape.
ThetaRay CEO Peter Reynolds said, “Financial crime is evolving rapidly, and the technology used to combat it must evolve even faster. Our partnership with Spayce unites robust payment infrastructure with ThetaRay’s Cognitive AI to deliver proactive risk mitigation, greater transparency, and the trusted cross-border transactions needed to power global growth.”
Spayce partner & co-founder Debra LePage said, “As Spayce expands its global payments capabilities, security and AML compliance remain at the core of our mission. Partnering with ThetaRay empowers us to stay ahead of increasingly sophisticated financial threats, while continuing to deliver seamless, trusted payment experiences for our customers worldwide.”
Recently, Trustifi, a cybersecurity software firm specialising in AI-powered email protection, secured $25m in a Series A funding round.
The investment was led by New York-based Camber Partners, a growth equity firm that backs innovative B2B SaaS companies during their scaling phase. The fresh capital injection highlights strong market interest in Trustifi’s platform, which addresses a critical area of cyber defence.
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