TEL AVIV, Israel, July 22, 2016 /PRNewswire/ -- ThetaRay, a leading provider of hyper-dimensional big data analytics solutions, today announced the opening of its inaugural office in Singapore. The news follows the company's 2015 move into the U.S., and adds to the major markets ThetaRay serves with a local presence. The new Singapore facility will provide sales, support and implementation to ThetaRay's growing roster of Asian customers.
"Singapore is a rising star among Asia's financial tech hubs, and an ideal regional center at a time when interest in our solutions is increasing," said Mark Gazit, ThetaRay, CEO. "We look forward to providing our customers in Singapore and the Asia Pacific with a local response to their needs, in their own time zone."
ThetaRay's big data analytics solution enables early detection of threats and opportunities by sifting through massive amounts of transactional and organizational data to detect anomalous events.
Leading financial institutions use ThetaRay to prevent lending fraud, ATM hacks, money laundering and cyber-attacks. ThetaRay is also employed by banks to uncover hidden opportunities for boosting revenue, by increasing loans or optimizing mortgage assurance levels.
For critical infrastructure and industrial internet companies, ThetaRay's early warning and predictive analytics are essential in detecting atypical activity in mission-critical facilities, empowering managers to improve safety and quality, while optimizing machine performance.
Developed by two leading mathematicians over a decade of research, ThetaRay's industry-agnostic platform requires no predefined rules or patterns, allowing it to adapt to the needs of any type of organization.
ThetaRay is a leading provider of big data analytics solutions that detect threats and discover opportunities. The company's platform analyzes massive amounts of data for advanced cyber security, financial risk detection and operational efficiency, protecting financial services sectors and critical infrastructure against unknown threats. ThetaRay's core technology is based on state of the art algorithms, which power its proprietary Hyper-Dimensional, Multi-Domain Big Data Analytics platform. Organizations whose operations rely on highly heterogeneous and complex environments leverage ThetaRay's unmatched detection and low false positive rates as a see-all power that enables them to unify detection and uncover the unknown.
Learn more at www.thetaray.com. Follow us: @ThetaRayTeam