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While transaction monitoring systems work well for detecting individual real-time, point-of-sale fraud, a different approach is needed for monitoring customer behavior across multiple accounts and systems in order to identify organized fraud networks.
SAS Fraud Management: Network Investigation & Analysis powered by Detica NetReveal® is the answer.
Developed in partnership with Detica Group plc, the information intelligence specialists, SAS Fraud Management: Network Investigation & Analysis powered by Detica NetReveal® enables analysts, investigators and strategists to detect previously unknown fraud losses and quantify credit exposure stemming from a wide range of fraud types.
How SAS Fraud Management Can Help
Built on powerful SAS BI and analytic software and powered by the ground-breaking Detica NetReveal® fraud detection and investigation solution, SAS Fraud Management: Network Investigation and Analysis powered by Detica NetReveal® goes beyond transaction and account views by analyzing all related activities and relationships at a network dimension. With SAS’ proven, advanced platform as a foundation, the solution lets you:
- Visualize customer data networks and actually see previously hidden connections based on all relevant data sources from a variety of product lines.
- Produce independent and combined scores to assess risk on an overall customer, application and network basis.
- Score applications in real-time and generate red-flag/green-flag alerts or full risk scores for front-line CSRs, and/or route suspicious cases to an investigation queue.
- Manage the investigation queue via a Web-based workflow environment that provides text-based explanations of risk factors for each case being referred.
- Enable investigators to efficiently assess cases and produce complete dossiers of networks surrounding a case using an intuitive interface that provides fast access to full customer details and all related parties and networks.
How SAS Fraud Management Is Different
No other fraud solution provides the same level of detection, automation, ease of use and ROI for organized fraud, including the ability to:
- Visualize networks and actually see previously hidden connections and relationships in a highly intuitive manner.
- Achieve unrivalled detection rates for organized and opportunistic first-party fraud using advanced data network building and analytic techniques.
- Maintain extremely low false positive rates with true, large-scale network analytics.
- Gain a true enterprise view of fraud by aggregating alerts from multiple systems into a single environment.
- Fully leverage external data sources, such as fraud consortium databases.
- Improve investigator efficiency with unique network visualization, data drilldown and other investigation tools.
- Customize the solution as needed (e.g., develop fraud models unique to your institution).
- Increase ROI per investigator tenfold through fewer false positives, the prioritization of higher-value networks and more accurate investigations.
- Go beyond fraud detection and prevention and use the highly extensible solution for AML alert prioritization as well as credit risk and marketing applications.
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Industries
Aerospace
