ThetaRay is bringing its big data analytics solution to a fast-growing Asian tech hub. The company recently announced the opening of its inaugural office in Singapore.
According to the company, the move adds to its major markets and the new facility in Singapore will provide sales, support and implementation to its growing roster of Asian customers.
Mark Gazit, CEO of ThetaRay, says that Singapore is a rising star among Asia's financial tech hubs, and an ideal regional center.
“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."
The company says its 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.
ThetaRay also mentions that financial institutions use its offerings to prevent lending fraud, ATM hacks, money laundering and cyber-attacks. It is also used by banks to uncover hidden opportunities for boosting revenue, by increasing loans or optimizing mortgage assurance levels.
For critical infrastructure and industrial internet companies, the company says its early warning and predictive analytics are essential in detecting atypical activity in mission-critical facilities. Adding that it empowers managers to improve safety and quality, while optimizing machine performance.
ThetaRay claims its industry-agnostic platform requires no predefined rules or patterns, allowing it to adapt to the needs of any type of organization. It was also Developed by two leading mathematicians over a decade of research.