Providing software solutions since 1976
Providing software solutions since 1976
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SAS top pick for firms fighting money launderingSales of SAS® for anti-money laundering are soaringSYDNEY, Australia (22 Oct 2008) – The need for regulating potential money laundering and terrorist financing continues to be a concern for financial institutions across the world. Firms are turning to SAS, the leader in business intelligence (BI) and analytics, as an ally in combating potential criminal transactions. As evidence, SAS has more than doubled the number of anti-money laundering (AML) packages sold since the beginning of 2007. “The increased interest over the past couple of years in SAS for anti-money laundering amongst new customers is demonstrative of the fact that organisations are realising the worth of the solution,” said Brendon Smyth, General Manager of Risk Intelligence, SAS ANZ. “Furthermore, we’ve noted that when it comes to investing in integrated risk management approaches, the Asia Pacific region has devoted considerable resources.” Currently, there are a number of Australian financial services institutions using SAS for anti-money laundering, including: Commonwealth Bank of Australia and Bank of Queensland. Other financial services institutions around the world using the SAS solution include: Banco de Oro Unibank (Philippines), Bank of America (USA), , BB&T (USA), Banco De Chile (Chile), Coastal Federal Credit Union (USA), Development Bank Philippines (Philippines), EON Bank (Malaysia), First Citizens (USA), Hana Bank (Korea), Huntington Bank (USA), Kookmin Bank (Korea), Land Bank of The Philippines (Philippines), Philippines Veterans Bank (Philippines), SAMBA Financial Group (Saudi Arabia), Samsung Securities Co. (Korea) and Sovereign Bank (USA). Installed directly or through a SAS OnDemand solution, SAS Anti-Money Laundering is a sophisticated AML solution that takes mountains of information from all areas of a financial business, manages and refines that information, and turns it into knowledge to automatically identify and classify potential suspicious behavior. It can help banks meet stringent government regulations, protect shareholder confidence and maintain a strong reputation. The solution’s integrated and open-ended architecture lets banks gather information from transactional, demographic, and non-monetary data sources, transform the appropriate data into an enterprise-wide view of behavior, and support the monitoring and investigative processes required to meet their regulatory obligations.
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world
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