SAS^® Fraud Framework

Fraud is on the rise at an alarming rate, fueled in large measure by the financial turmoil gripping the world’s economy. Banks, insurance companies and government entities are all seeing an increase in both the number and sophistication of fraudulent activities. To fight fraud effectively, organizations must continually improve the monitoring of customer behavior across multiple accounts and systems. Read more about the SAS Fraud Framework:

• For banking.
• For insurance.
• For government.
• For health insurance.

Components of the SAS^® Fraud Framework

The SAS Fraud Framework comprises software components designed to detect and prevent financial crimes as well as manage efforts against them for organizations in banking, insurance and government.

• Detection and Alert Generation – Enables systematic detection of suspicious activity.
• Alert Management – Provides capabilities for scoring, de-duping, prioritizing and routing of pertinent alerts to appropriate resources.
• Social Network Analysis  – Uncovers previously hidden linkages and makes them visible.
• Case Management  – Facilitates the investigation, capture and display of all information pertinent to a case.

How the SAS^® Fraud Framework Is Different

Only the SAS Fraud Framework lets you:

• 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.