ThetaRay taps Peter Reynolds as CRO amid high-growth phase

The flagship product of ThetaRay is its Financial Crimes Prevention Solution.

ThetaRay has appointed Peter Reynolds as the RegTech company’s Chief Revenue Officer (CRO), where he will be responsible to lead end-to-end sales and revenue growth operations as ThetaRay accelerates global expansion with banks, fintechs, regulators, and partners.

The firm uses AI-powered technology to offer monitoring solutions to protect banks and fintechs against financial crimes.

Peter Reynolds is a sales veteran with more than 20 years of experience selling enterprise software into financial institutions, fintech, and global corporations, having launched his career at HSBC.

Prior senior sales leadership positions include firms such as Earnix, Fundtech, Reval, and Thomson Financial.

Peter Reynolds, Chief Revenue Officer at ThetaRay, commented: “I am excited to join as ThetaRay embarks on a high-growth phase to scale business globally. I look forward to working with the team, customers and partners to deliver value to the entire global payments ecosystem.”

Mark Gazit, Chief Executive Officer at ThetaRay, said: “Peter has proven success as a fintech revenue leader, and we are thrilled to welcome him on board during this key growth stage. By creating a secure financial network, our AI transaction technology enables fintechs and banks to increase growth and revenues, improve customer service, and deliver a new standard of trust.”

Last year, the Israeli fintech firm raised $31 million in a funding round that welcomed Eric Benhamou and Saints Fund as new investors. This round brought the total amount of funds raised to more than $90 million.

The company aims to use the funds to grow the features of its product and expand its user base to include any company that handles cross-border payments, which in itself is a huge industry in these times.

ThetaRay’s solutions are being used by banks and even governments as it helps to sniff out financial crime with respect to cross-border payments. The company has also announced that the governments of Nigeria and Ukraine have implemented their solutions for fighting corruption and terrorism.

The flagship product of ThetaRay is its Financial Crimes Prevention Solution which is a platform designed to reduce risks in payments and it helps the banks and financial institutions to ensure that their platforms are not used for money laundering and other financial crimes.