NEW YORK, August 30, 2017 /PRNewswire/ --
ThetaRay, a global leader in big data anomaly detection, today announced that it was cited in Gartner's March 30, 2017 "Analytics Heat Map in Banking" research note.
The research delves into key trends in the banking industry. Gartner found that banks worldwide are largely focusing resources into advanced analytics. According to Gartner, analytics have been "the single most important technology investment priority for bank CIOs for ten years in a row."
Gartner explains that "analytics is integral to virtually every aspect of banking today, from back-office operations to customer-facing services." The note also explores the following related investment areas: business domain, technologies, tools, strategies, and governance. In the technologies category, machine learning and business intelligence (BI) are highlighted as a priority for banks needing to ensure "high security, low risk, and full compliance with regulatory requirements."
"As threats become more advanced, Tier 1 banks need to become better equipped to deal with financial crimes," said Mark Gazit, CEO of ThetaRay. "Machine learning is key to better security and in building broader business strategies. Data quantities have grown beyond the capacity of human analysis, and we are excited that Gartner has taken notice of this and included ThetaRay in their research note."
Gartner noted that banks are increasingly investing in analytics solutions, and cited ING Netherland's implementation of ThetaRay's platform as an example of this. According to the research note, this investment trend indicates that these technologies will only become more critical in the years to come.
The research note can be obtained at:
ThetaRay is dedicated to helping clients at large financial organizations, cyber security divisions and critical infrastructure become more resilient and seize opportunities. Its advanced analytical solutions operate with unprecedented speed, accuracy and scale, enabling clients to manage risk, detect money laundering schemes, uncover fraud, expose bad loans, uncover operational issues and reveal valuable new growth opportunities.
Fusion Public Relations