ThetaRay, a global provider of Cognitive AI for financial crime compliance, has appointed Brad Levy as its new CEO.
ThetaRay develops advanced Cognitive AI technology designed to help financial institutions detect and prevent financial crime. Its platform is used for transaction monitoring and transaction due diligence, enabling banks and payment firms to identify complex risk patterns that traditional rules-based systems often miss.
The company positions its technology as a core component of modern compliance infrastructure, supporting regulatory obligations while also improving operational efficiency across global financial networks.
Brad Levy joins the business with extensive experience in financial markets infrastructure and large-scale technology platforms. Most recently, he served as CEO of Symphony, a financial markets technology platform founded by a consortium of global banks including Goldman Sachs, and widely used by financial professionals around the world. Prior to Symphony, Levy held senior leadership roles at IHS Markit, where he served as CEO of MarkitSERV and led global loan settlement and software services operations.
Earlier in his career, Levy spent 18 years at Goldman Sachs, where he ultimately became Managing Director and Global Head of the Principal Strategic Investments Group. Across these roles, he has built a reputation for scaling complex financial technology businesses and delivering mission-critical infrastructure at enterprise level. His leadership has also been recognised externally, including being named CEO of the Year at the 2022 Markets Choice Awards.
Levy’s appointment comes at a time of transition for ThetaRay. Outgoing CEO Peter Reynolds, who has led the company since June 2023, is stepping down due to family reasons and will move into an advisory role. During his tenure, Reynolds oversaw a period of rapid international expansion, growth in enterprise clients, and the strengthening of ThetaRay’s end-to-end product suite. He will remain involved during a defined transition period to support the leadership team.
The company’s chairman has highlighted that ThetaRay is entering a new phase focused on global scale and execution. With regulatory scrutiny increasing and financial crime becoming more sophisticated, Cognitive and Vertical AI are being positioned as essential technologies for banks seeking to modernise compliance while maintaining secure international payment corridors.
ThetaRay CEO Brad Levy said, “ThetaRay has built the leading AI platform for financial crime compliance, with proven impact across the world’s most complex financial environments. The industry is reaching a tipping point, where AI is no longer optional but foundational.
“My focus is on scaling this platform globally, deepening our partnerships with financial institutions, and embedding compliance as a strategic capability that drives sustainable growth. I’m tremendously excited to lead the company forward alongside a team that combines deep domain expertise with real-world execution.”
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