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ABN AMRO fund invests in financial crime detection firm ThetaRay

ABN AMRO fund invests in financial crime detection firm ThetaRay

TEL AVIV, June 12: ABN AMRO’s Digital Impact Fund said on Wednesday it has taken a stake in ThetaRay, an Israeli provider of big data analytics to combat financial cybercrime and operational failures, reports Reuters. Financial details were not disclosed. Combating money laundering, human trafficking and terrorist financing are top priorities for banks, ABN AMRO said. “Our investment in ThetaRay strengthens the current operational relationship between the bank and ThetaRay,” said Hugo Bongers, director of ABN AMRO Digital Impact Fund. ThetaRay has raised more than $60 million from investors including Jerusalem Venture Partners, General Electric, Bank Hapoalim and Israel’s OurCrowd.

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