AirPak, a leader in remittance services across Central America, has announced its partnershipwith ThetaRay, a pioneer in Al-powered transaction monitoring solutions. The collaborationaims to strengthen AirPak's Anti-Money Laundering (AML) program, a crucial step towardsensuring trust in global remittances.

With ThetaRay's Alpowered transaction monitoring solution, SONAR, AirPak will be able toquickly deploy Al in the fight against financial crime leading to more efficient compliancemanagement, better customer service, and more seamless and trusted transactions.

"AirPak's decision to implement ThetaRay's marks a significant milestone in its journey towardexcellence. This strategic move is set to revolutionize the way AirPak operates, enabling it toexpedite growth, reduce false positives, enhance detection capabilities, and expediteinvestigation procedures" said Andrea De La Fuente Levet, AirPak's Legal and ComplianceRegional Manager.

To bolster its commitment to robust financial oversight and risk mitigation, AirPak has chosen toextend its collaboration with ThetaRay by also implementing the Customer Due Diligence(CDD) module. The CDD module offers advanced features, providing AirPak with enhancedvisibility into the various risks associated with customer onboarding and maintenance, ensuringregulatory compliance at every step of the process

"We are thrilled to extend our LATAM business and to be working with the team at AirPak," saidPeter Reynolds, ThetaRay CEO. "Enabling Trusted Global Payments while significantlyimproving efficiency for our banking and fintech customers is key to our vision, and we're proudto make this possible for AirPak"