ThetaRay Taps Brad Levy to Lead Next Growth Phase in AI-Driven Financial Crime Compliance
ThetaRay has appointed financial markets technology veteran Brad Levy as Chief Executive Officer, marking a leadership transition as the company accelerates global expansion of its Cognitive AI platform for financial crime compliance.
Levy, formerly CEO of financial markets infrastructure platform Symphony, takes the helm as ThetaRay scales its transaction monitoring and due diligence technology across banks and fintechs worldwide. The company positions its Cognitive AI approach as a category-defining alternative to traditional rule-based compliance systems.
The appointment comes at a pivotal stage for ThetaRay, following a period of rapid enterprise adoption and product expansion that has established the firm as a leading provider of AI-native compliance answers.
Seasoned Infrastructure Executive Steps In
Levy brings decades of experience building and operating mission-critical financial infrastructure at global scale. Most recently, he served as CEO of Symphony, the secure communications and collaboration platform founded by a consortium of major global banks, including Goldman Sachs, and used by hundreds of thousands of financial professionals.
Prior to Symphony, Levy was a senior executive and partner at IHS Markit, where he served as CEO of MarkitSERV and led the firm’s global loan settlement and software services business. Earlier in his career, he spent 18 years at Goldman Sachs, ultimately becoming Managing Director and Global Head of the firm’s Principal Strategic Group.
“ThetaRay has built the leading AI platform for financial crime compliance, with proven impact across the world’s most complex financial environments,” Levy said. “The industry is reaching a tipping point, where AI is no longer optional but foundational. My focus is on scaling this platform globally, deepening our , and embedding compliance as a strategic capability that drives sustainable growth.”
Leadership Transition as Company Scales
Levy succeeds Peter Reynolds, who has served as CEO since June 2023 and will step down due to family reasons. Reynolds will transition into an advisory role and remain actively involved during a defined handover period.
Under Reynolds’ leadership, ThetaRay accelerated global growth, expanded its enterprise customer base, and strengthened its end-to-end product suite, assisting to position the company as a clear category leader in Cognitive .
“ThetaRay is the clear category leader in Cognitive AI for financial crime compliance, and we have reached a moment where scale, execution, and global impact matter more than ever,” said Erel Margalit, Chairman of ThetaRay and Founder and Chair of JVP. “Brad is a proven leader in building and operating core financial infrastructure at global scale, and he is the right CEO to lead ThetaRay into its next phase as a defining platform for the industry.”
Backed for Global Expansion in Vertical AI
ThetaRay is backed by leading global investors including JVP and Portage, providing capital and strategic support as the company targets expansion across markets.
Margalit highlighted that Vertical and Cognitive AI are emerging as the preferred approach for , noting that ThetaRay’s technology not only combats increasingly sophisticated financial crime but also enables legitimate global trade by allowing institutions to operate more efficiently and securely.
Deployed at major financial institutions including Santander, Clear Bank, Mashreq Bank, Payoneer, Onafriq, and Travelex, ThetaRay’s SaaS platform is designed to shorten implementation cycles, improve risk precision, and transform compliance from a regulatory burden into a driver of sustainable growth.
