Payoneer chooses ThetaRay to monitor global cross-border payment transactions. ThetaRay's SONAR SaaS solution will be used to monitor millions of transactions per year.

ThetaRay, a leading provider of AI-powered transaction monitoring technology, and Payoneer (NASDAQ:PAYO), the commerce technology company behind payments and growth in the new global economy, will collaborate to monitoring global cross-border payments on the Payoneer platform.

Cloud-based SaaS solution powered by artificial intelligence helps protect against known and unknown money laundering threats. The system is expected to launch early in the second quarter of 2022, when ThetaRay will begin monitoring digital payments and other services offered by Payoneer to its customers.