Israeli Firm to Help Dubai’s Mashreqbank Detect Financial Crimes

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Israel-based ThetaRay plans to roll out AI-driven solutions to help Mashreqbank PSC, Dubai’s third-biggest lender, detect financial fraud during cross-border payment transfers.

Mashreqbank is ThetaRay’s first customer in the United Arab Emirates, according to a statement. It follows Israel and the UAE normalizing their relations in 2020.