Fraud is an issue that directly affects the bottom line of every bank. £100 of fraud is not only £100 profit lost, but - assuming a margin of 5% - it's £2,000 of additional goods or services that must be sold to regain that profit.
More worrying still, fraud today is becoming increasingly hard to see and prevent. Today's fraudsters take data from the web, or some information from a dishonest employee, piecing together their fraudulent plans through a network of activities that are becoming much tougher to identify and trace.
That is, of course, unless the bank is using Social Network Analysis developed by SAS.
How SAS Can Help
SAS® Social Network Analysis is a unique and powerful technology designed to detect and prevent fraud by performing detailed analysis on the relationships between individuals, accounts, claims and applications at the network level – in minutes.
Alongside comprehensive reports, dossiers and other standard formats, results are displayed visually in charts and network diagrams, enabling rapid insight.
SAS Social Network Analysis enables banks to:
The SAS Social Network Analysis solution offers a range of advanced features:
SAS Social Network Analysis is part of the SAS® Fraud Framework.
Ready to learn more?
Call us at 01628 486 933 (UK) or request more information.
Financial Crimes Symposium: An educational, online fraud workshop series