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ThetaRay Expands Global Presence with Launch of London Office
Big Data Analytics Expert and SAP Alumni Richard Biss to Serve as Director, UK
ThetaRay today announced that it has opened its first UK office in London. It will be led by Richard Biss, who comes to ThetaRay with more than twenty years of industry experience.
“ThetaRay is poised to totally disrupt the financial services security industry; their proprietary solutions solve challenges that I’ve encountered throughout my entire career,” said Biss. “I’m honoured to help expand the company’s presence and customer base in the UK financial services market.”
Biss previously served as director for a number of anomaly detection service providers. Prior to that, he spent 17 years at Sybase, where he was Director of UK Financial Services. When Sybase was acquired by SAP in 2010, Biss stayed on as Director of Financial Services, Databases, and Technology.
The UK office is the latest in a steady stream of company milestones for ThetaRay. In the past year, the company has doubled the size of its workforce, bringing on executives such as NICE Systems veteran James Heinzman and others from HP and PayPal. It has also completed installations with several leading US retail banks and large European banking institutions.
“As our track record shows, we are dedicated to protecting financial institutions against fraud, money laundering and other operational threats,” stated ThetaRay CEO Mark Gazit. “We are excited that Richard will be leading these efforts in one of the world’s key finance centers. His extensive experience with both financial services and anomaly detection technology makes him the ideal candidate to help ThetaRay expand its UK footprint.”
ThetaRay’s technology enables financial institutions to uncover the earliest signs of illicit behavior and threats, including multichannel fraud, money laundering, and ATM security breaches. The company’s patented mathematical algorithms can process tens of thousands of parameters simultaneously, helping to automatically identify unknown threats across multiple environments, systems and sources in real-time.
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The Rise of Private Credit and the Need for Flexible Loan Servicing
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88% of UK Customers Would Switch Banks Due to Financial Crime Failures, ThetaRay Report Finds
ThetaRay, a global leader in AI financial crime compliance, today released The ThetaRay UK Banking & Fintech Trust Report 2026. The findings, launchedon the eve of The Global RegTech Summit, reveal a systemic shift in consumer behavior: 88% of UK customers are prepared to abandon their primary financial institutions over failures in preventing money laundering or terrorist financing.
Axiology and Profitus Set Baltic Record with €3.4M Digital Bond
Axiology, the financial technology company specialising in distributed ledger technology (DLT) infrastructure for capital markets has registered a record-breaking digital bond, funded through the leading crowdfunding platform in Lithuania – Profitus. The bond was registered by Axiology and distributed through Profitus, closing at a final value of €3.4 million. It is secured by shares in companies owned by Lithuanian Shark Tank investor Gediminas Kvietkauskas.
Equifax and Mifundo Open Access to Brazilian Credit Data for European Banks
Mifundo, a pan-European credit data platform, has integrated credit data from Equifax BoaVista, subsidiary of Equifax Inc. in Brazil, enabling European banks to access verified Brazilian credit information as part of their credit assessment processes.
SGX FX Adopts Chainlink to Make its Premium OTC FX Data Available to Thousands of On-chain Apps
SGX FX, a leading technology partner for the global institutional FX ecosystem, has adopted Chainlink, the industry-standard oracle platform, to broaden access to its OTC FX data and support greater flexibility in how institutional participants consume trusted market information.
Triathlon Ireland Reduces Financial Reporting From Days to Minutes with AccountsIQ
Triathlon Ireland, the national governing body of triathlon and multi-sport in Ireland, hosting 250+ events nationwide and supporting 20,000 athletes has automated its financial reporting with AccountsIQ’s cloud accounting software.
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