PwC, ThetaRay Partner on Data Analytics
ThetaRay’s data analysis identifies anomalies in the data set, complementing existing tools and methodologies used by PwC's experts.Advisory services provider PwC and ThetaRay, a provider of big data analytics solutions, announced a partnership that will see PwC introduce ThetaRay's technology into its advanced data analytics services. ThetaRay’s data analysis identifies anomalies in the data set, complementing existing tools and methodologies used by PwC's experts. "PwC is one of the leading companies in the world offering advisory services for financial entities with complex, computerized systems and massive amounts of data," Mark Gazit, CEO of ThetaRay, told eWEEK. "ThetaRay's cutting-edge technology offers real-time, automated threat-detection and opportunity discovery. The successful partnership between these two companies enables PwC to help materialize organizational resilience and financial success by implementing ThetaRay's technology." Gazit explained the partnership between PwC and ThetaRay evolved as a response to a client's need, noting one of the largest financial institutions, represented by PwC, was seeking a solution to manage threats and opportunities resulting from the new age of digital and online banking.
PwC experts utilized ThetaRay’s solution to analyze hundreds of millions of the company's records, with high detection rates and low false positives, ultimately identifying threats with high financial impact.