EyesClear vs ThetaRay RAY Platform

EyesClear offers two AI-supported tools for financial-crime compliance: a Platform deployed on-premise or in a private cloud, and a separate hosted Investigations service. The Platform consolidates compliance alerts into a queue, gathers evidence, drafts case narratives and routes decisions to analysts. Cases do not close automatically; an analyst reviews, edits and signs before action. Connectors cover SWIFT, ISO 20022, MQ, Kafka, databases and files related to CRM, transactions, risk and KYC. EyesClear says Platform data and AI inference remain inside the bank’s environment rather than going to an external cloud or vendor. Investigations screens people and companies against public records and returns findings with source quotes. It can be used in a browser without integration or deployment and can pass findings to an existing case system. For a screening, it sends a subject name and derived search terms to public sources and its language models, not customer files, transactions or alerts. The service is free to financial institutions and regulators, with five credits on a new account and one credit per screening. EyesClear says it does not screen payments in real time; it addresses sanctions and name-matching alerts raised by a customer’s screening platform.

ThetaRay RAY Platform is a paid, cloud-based agentic AI suite for accelerating and standardizing anti-money-laundering case investigations. It analyzes alerts, customer and counterparty behavior, KYC profile alignment, and historical alerts and cases before producing an investigation report. An on-demand assistant can summarize documents, explain alert context, clarify case details, perform controlled open-source scanning, and help analysts validate decisions. ThetaRay says analysts remain in control while RAY supplies explainable outputs, documented reasoning, and audit-ready case files. The platform works inside ThetaRay’s Investigation Center and directly on top of ThetaRay Transaction Monitoring. Listed capabilities include customer risk assessment, transaction monitoring, case management, regulatory reporting, PEP screening, ongoing monitoring, transaction screening, API access, custom list management, and audit trails. It is available through web and API. ThetaRay identifies banks, fintechs, payment providers, correspondent banks, remittance companies, and digital banks as potential users. Pricing is on request, with no public package limits stated.