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Developer Tools · head to head

Fig vs ThetaRay

F

Fig

Developer Tools

IDE-style autocomplete for your existing terminal

From
Free
Free plan
Yes
Full reviewWebsite
ThetaRay logo

ThetaRay

Cybersecurity

Unsupervised AI transaction monitoring for cross-border and correspondent banking

From
On request
Free plan
No
Full reviewWebsite

The short version

  • Only Fig has a free tier, so it costs nothing to try first.
  • Each has a real cost: Fig shut down on 1 September 2024. Amazon acquired Fig in August 2023 and folded it into Amazon Q Developer, which now carries the terminal autocomplete; ThetaRay unsupervised models are harder to justify to an examiner than explicit rules, and some regulators still expect documented threshold logic, which can force you to run both systems.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Fig and ThetaRay actually diverge.

Attributes where Fig and ThetaRay differ
AttributeFigThetaRay
Starting priceFreeOn request
Pricing modelfreemiumquote
Free tierYesNo
CategoryDeveloper ToolsCybersecurity
Founded2020Unknown

Identical on both: platforms (Web), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Fig

Nothing recorded that ThetaRay does not also cover.

Only in ThetaRay

  • Unsupervised detection
  • Cross-border focus
  • Sanctions screening
  • Alert triage
  • Customer risk scoring
  • Cloud native

What people use each for

The jobs each tool is most often brought in to do.

Fig

No use cases recorded yet. See the Fig review.

ThetaRay

  • A correspondent bank that cannot see the ultimate originator and needs behavioural signals rather than counterparty listsnot Fig
  • A cross-border payments fintech whose rules engine produces more alerts than its compliance team can clearnot Fig
  • A bank under a regulatory consent order needing demonstrable improvement in detection within a fixed periodnot Fig
  • A payment institution entering a high-risk corridor where existing thresholds were calibrated on domestic trafficnot Fig

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Fig

  • Shut down on 1 September 2024. Amazon acquired Fig in August 2023 and folded it into Amazon Q Developer, which now carries the terminal autocomplete
  • The standalone desktop app is no longer available or supported
  • The completion specs remain open source on GitHub, but the product that consumed them is gone

ThetaRay

  • Unsupervised models are harder to justify to an examiner than explicit rules, and some regulators still expect documented threshold logic, which can force you to run both systems.
  • The alert reduction claim depends heavily on your data, so a parallel run is essential and adds months and cost before you can decommission the incumbent.
  • Coverage is strongest in cross-border and correspondent flows; institutions whose risk is domestic retail fraud will find the fit weaker than a general-purpose monitoring platform.
  • It is a smaller vendor than the incumbents, so integration connectors into legacy core banking systems are often bespoke work rather than a supported adapter.
  • Model retraining and tuning are vendor-led, which means changing detection behaviour is a support conversation rather than something your own analysts can do that afternoon.

Pricing, plan by plan

Fig

Free

No published plan breakdown. See the Fig review.

ThetaRay

On request
  • ThetaRay Sonar$undefined/year
    • Priced by monitored transaction volume and number of monitored entities
    • SaaS on Azure with regional data residency options
    • Parallel run and model tuning included in onboarding

Which should you pick?

Choose Fig if

  • You want to start without paying.
Fig review

Choose ThetaRay if

  • You need unsupervised detection.
  • You also want cross-border focus.
ThetaRay review

Questions people ask

Is Fig or ThetaRay better?
Neither clearly leads. Fig starts at Free and ThetaRay at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Fig or ThetaRay?
Fig has a free tier; the other does not. Paid plans start at Free for Fig and On request for ThetaRay.
Does Fig or ThetaRay run on more platforms?
Both run on Web, so platform support will not decide this one for you.
Can I use Fig for free?
Yes. Fig has a free tier, so you can try it without paying. ThetaRay starts at On request.
What can Fig do that ThetaRay cannot?
ThetaRay covers Unsupervised detection, Cross-border focus, Sanctions screening, Alert triage.

Answered from the vendors’ own pages

ThetaRay: Does it replace a rules engine entirely?

Rarely on day one. Most institutions run it alongside existing rules during a parallel period, and some keep specific regulator-mandated rules permanently.

ThetaRay: Where is the data processed?

SaaS runs on Microsoft Azure with regional deployment options, which is the mechanism for meeting data residency conditions in regulated markets.

ThetaRay: Is sanctions screening included?

Screening is available on the same platform but licensed as part of the commercial package rather than bundled by default. Confirm it is in your quote.

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