Case Study: Large European Digital Bank strengthens AML detection with ThetaRay

Large European Digital Bank - Customer Case Study

Large European Digital Bank, a digital retail bank in Europe, was struggling with late detection of money laundering, high false positives, and analyst alert fatigue from its legacy rule-based transaction monitoring system. ThetaRay was brought in to help the bank identify new suspicious activity, improve compliance, and reduce the burden on investigators.

ThetaRay applied its AI and machine learning solution to 18 months of transactional and customer data, clustering anomalies and uncovering patterns missed by existing controls. The pilot identified suspicious activity 70 days earlier on average, found money laundering 11 months before regulatory notification, reduced legacy alerts by 40%, and successfully detected 100% of previously known productive cases, leading the bank to move the solution into full production.