ThetaRay is a leading provider of a big data analytics platform and solutions for advanced cybersecurity, operational efficiency, and risk detection, protecting financial services sectors and critical infrastructure against unknown threats. ThetaRays core technology is based on state-of-the-art algorithms that power its proprietary hyper-dimensional, multidomain big data analytics platform. Organizations whose operations rely on highly heterogeneous and complex environments leverage ThetaRays unmatched detection and low false positive rates as a see-all power that enables them to unify detection and defeat the unknown.
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AI Technology Stack
ThetaRay’s patented AI and ML empowers insurance companies to rapidly discover new and unfamiliar fraud schemes, ensuring that fraudsters cannot simply learn and bypass rules and thesholds. ThetaRay’s rules-free solution uses unsupervised machine learning algorithms to analyze hundreds of data points across claims data, KYC, policies and underwriting information to spot anomalies that are highly indicative of fraud. Algorithms classify suspect fraud into cluster with common modus operandi enablign fraud speicalist to more efficiently review and disposition cases tthan conventional systems. Fraud strategists further isolate innocuous patterns of behaviour early, dramatically reducing false positive alert volumes, ensuring that fraud operations are focused on the riskiest events and good claims can be fast tracked.