ABN AMRO fund invests in financial crime detection firm ThetaRay


June 12 2019

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. 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.