Spayce Partners with ThetaRay to Tackle Financial Crime with Advanced AI
Collaboration Enhances Cross-Border Payments with Real-Time, Intelligent Threat Detection
From a Press Release dated June 3, 2025, New York, New York
ThetaRay, a global leader in cognitive AI compliance for financial crime, and Spayce, a next-generation cross-border payments platform, have announced a strategic partnership to address evolving financial crime threats and enhance the security of international payments. The collaboration was unveiled at Money 20/20 and comes at a time when financial crime is becoming more sophisticated, with criminal networks operating with the complexity of multinational corporations. Traditional, rules-based anti-money laundering (AML) systems are increasingly seen as outdated and insufficient for detecting hidden threats, exposing institutions to regulatory, financial, and reputational risks.
Key Elements of the Partnership
Spayce has integrated ThetaRay’s cognitive AI-powered transaction monitoring solution into its global payments infrastructure. This technology continuously analyzes vast volumes of transactional data, detecting subtle suspicious activities and uncovering complex patterns of financial crime with high precision. This AI-driven approach not only strengthens compliance but also enables Spayce to grow securely, making regulatory readiness a driver of sustainable growth rather than a barrier.
The partnership aims to proactively mitigate risks, improve transparency, and establish trusted cross-border transactions necessary for international growth. Spayce serves clients ranging from SMEs to large financial institutions in over 200 countries, and now benefits from improved transaction visibility without sacrificing speed or customer experience. The result is a smarter, faster, and safer international payments ecosystem that actively supports business expansion and compliance.
Executive Perspectives
Peter Reynolds, CEO of ThetaRay, stated, "Financial crime is evolving rapidly, and the technology used to combat it must evolve even faster. Our partnership with Spayce combines robust payment infrastructure with ThetaRay’s cognitive AI to ensure proactive risk mitigation, greater transparency, and the trusted cross-border transactions needed to fuel international growth."
Debra LePage, Partner and Co-Founder of Spayce, also commented, "As Spayce expands its international payment capabilities, AML security and compliance remain central to our mission. Partnering with ThetaRay empowers us to stay ahead of increasingly sophisticated financial threats while continuing to deliver seamless and reliable payment experiences to our clients worldwide."
Impact
This partnership represents a significant step forward in the fight against financial crime in the global payments sector. By leveraging cognitive AI, Spayce and ThetaRay aim to set new standards for security, compliance, and customer experience in cross-border payments, turning regulatory compliance from a burden into a catalyst for international business growth.