ThetaRay, a provider of AI infrastructure for financial crime compliance, has named Luis Pinedo as its new chief strategic customers officer, a move designed to embed tier-one banking expertise at the heart of its product roadmap.
Pinedo arrives from Santander Bank, where he spent 16 years and most recently served as group VP of compliance. During that period he directed worldwide financial crime compliance (FCC) transformation programmes spanning technology platforms, processes and operating models. At ThetaRay, he will oversee engagement with strategic customers and steer product strategy across the firm’s full compliance suite, which covers transaction monitoring, screening, customer risk assessment and agentic investigations.
The hire lands as the RegTech sector faces intensifying regulatory pressure. Supervisors around the globe are tightening their examination of banks’ anti-money laundering (AML) programmes while rewriting what they expect from compliance functions. This year, FinCEN has set out plans to assess programmes on their effectiveness, the UK’s Financial Conduct Authority is weaving generative AI into its internal supervisory processes, and the EU AML Package will oblige member states to adopt ownership registry rules under AMLD6. Financial institutions are therefore under mounting pressure to roll out battle-tested, institutional-grade AI architecture.
ThetaRay builds AI infrastructure that helps financial institutions comply with financial crime regulation. According to the company, its technology already monitors more than $20tn in transactions each year for some of the world’s leading financial institutions.
The company said the appointment underlines its ambition to deliver an integrated, cross-functional compliance platform that removes long-standing operational silos and sharpens risk reporting so firms can demonstrate effectiveness to modern examiners.
ThetaRay chief strategic customers officer Luis Pinedo said, “After many years working inside a global bank, I believe financial crime compliance is reaching an inflection point. Traditional rules-based approaches are no longer sufficient as regulators themselves become heavily data-led. I joined ThetaRay because AI has been part of the company’s DNA for more than a decade. The use of LLM-based agents is a natural evolution of that journey, and I want to help shape the company’s path to helping banks make that transition in a practical, scalable way.”
ThetaRay CEO Brad Levy said, “To combat sophisticated financial crime at scale, and meet new effectiveness standards of global regulators, technology solutions must be proven in production. Luis has spent nearly two decades inside one of the world’s largest banking institutions, spearheading the exact enterprise transformations our clients require to satisfy global regulators. His domain expertise will strengthen ThetaRay’s foundational AI infrastructure, which already monitors over $20 trillion in transactions annually of the world’s leading financial institutions.”
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