The world of finance is rapidly evolving, and at the heart of this revolution is the intersection of cutting-edge technologies like blockchain and artificial intelligence (AI). At Zone, we have always been at the forefront of innovation, and our recent partnership with ThetaRay, a leading provider of AI-powered transaction monitoring technology, is a testament to our commitment to delivering the most secure and efficient payment solutions to our users.
In this blog post, we will dive into the details of our exciting partnership with ThetaRay and explore how their AI-powered SONAR solution will bolster our blockchain payment network’s security and compliance measures, providing our customers with unparalleled peace of mind.
The Partnership: AI Meets Blockchain Technology for Payments
We have joined forces with ThetaRay to implement their cloud-based SONAR solution, which will monitor and screen transactions on our network in Nigeria for illicit activities and sanctions violations. By harnessing the power of AI, this partnership will offer a secure and trustworthy payment service that fully complies with regulatory Anti-Money Laundering (AML) requirements.
How ThetaRay’s SONAR Solution Will Enhance Our Security
ThetaRay’s SONAR solution uses a proprietary form of AI, artificial intelligence intuition, to detect and prevent money laundering and financial sanctions circumvention attempts. By integrating this technology into our blockchain payment network, we can rapidly identify suspicious activities and create a comprehensive picture of customer identities, even across complex, cross-border transaction paths. This helps us ensure that our payment ecosystem remains safe and secure for all users.
The Impact on Zone’s Users
By partnering with ThetaRay, we not only enhance our security measures but also streamline the transaction process for our users. Our customers can now enjoy faster transaction processing within our regulated payment network, knowing that their transactions are being monitored and screened by cutting-edge AI technology. This partnership ultimately ensures that our users can confidently transact while we continue to deliver frictionless operations and reliable transactions.
Looking Ahead: Our Shared Vision
Our collaboration with ThetaRay marks a significant step forward in our vision to become one global network, enabling payments through any means, in any currency, with utmost efficiency and security. As we continue to work closely with ThetaRay, we look forward to exploring new ways of leveraging AI technology to revolutionize the financial system and drive financial inclusion across Africa.
The partnership with ThetaRay is a powerful example of how technology can bring about positive change in the world of finance. By combining the strengths of blockchain and AI, we are paving the way for a more secure, efficient, and inclusive financial ecosystem. Stay tuned for more updates as we continue to innovate and push the boundaries of what’s possible in the fintech space.
To learn more about our solution, visit our website at www.zonenetwork.com.