Enterprise Fraud and Financial Crime
Detect, prevent and mitigate financial crime risk across the enterprise with the SAS® Enterprise Financial Crimes Framework for Banking
How SAS® Can Help
The SAS Enterprise Financial Crimes Framework for Banking provides a technology infrastructure for preventing, detecting and managing financial crimes across the various lines of business within today's banks.
- Anti-Money Laundering . SAS offers a proven methodology available via distinct solution offerings to fit the anti-money laundering needs of diversified financial institutions.
- Card Fraud . SAS offers the only solution on the market that scores 100 percent of all card transactions – purchase, payment and nonmonetary – in real time at the POS to enhance the customer experience while reducing fraud losses.
- Organized Fraud Rings . SAS offers a solution for detecting and preventing organized fraud rings, with the unique ability to visualize customer data networks and actually see previously hidden connections and relationships.
- ACH/Peer-to-Peer and Wire Fraud . SAS provides a holistic, customer-centric view of fraud that is unrestricted by transaction type or business channel, enabling you to combat payment fraud in real time by focusing on detecting suspicious activity and hidden relationships across all account relationships in the vast amount of transactional data generated daily.
How SAS® Is Different
No other fraud solutions provide the same level of detection, automation, ease of use and ROI for organized fraud. SAS solutions for fraud and financial crimes:
- Provide enhanced fraud detection and greater insight into managing Suspicious Activity Reports (SARs).
- Improve operational efficiency through decreased fraud losses.
- Help prevent subsequent losses by properly identifying and classifying fraud losses.
- Can be applied to many types of bank fraud, including: internal, first-party, third-party, wire, checking, payments, cards, ATM, mortgage, teller, call center, online, etc.
- Give banks better and quicker insight into their fraud exposure and the steps they can take to reduce their risk through integrated, automated processes and controls.
Related Products and Solutions
- SAS® Anti-Money Laundering
- SAS® Fraud Network Analysis
- SAS® Fraud Management
- SAS® Enterprise Case Management
SAS® Anti-Money Laundering
SAS Anti-Money Laundering is an enterprise solution that facilitates the critical task of suspicious activity monitoring using a risk-based approach. The solution applies advanced analytics and scenarios against an institution's transactional data to identify suspicious behavior. Once identified, the investigative function provides a seamless workflow that increases effectiveness and efficiency.
SAS® Fraud Network Analysis
Fraud is a growing problem for banks and insurance companies, in large part because it is so hard to detect. That's because fraudsters act much like legitimate customers, and they employ increasingly sophisticated fraud techniques that enable them to fly well below the radar.
SAS Fraud Network Analysis helps institutions detect and prevent fraud by going beyond individual and account views to analyze all related activities and relationships at a network dimension.
SAS® Fraud Management
Performing "after the fact" analysis of questionable transactions is a reactive approach to fraud detection that doesn't offer any real protection from loss. Only SAS delivers a full-service enterprisewide fraud management system that offers real-time scoring of accounts by looking at all card transactions – including purchases, payments and nonmonetary transactions. No other system on the market provides this breadth of coverage.
SAS® Enterprise Case Management
SAS Enterprise Case Management enforces best practices and proper gathering of evidence, and can greatly reduce the cost of investigations. The solution provides a structured environment for managing investigation workflows, attaching comments or documentation and recording financial information, such as exposures and losses. This gives investigators more power, flexibility and task automation, without having to rely on IT for support.
Ready to learn more?
Call us at 1-800-727-0025 (US and Canada) or request more information.
