SAS® anti-fraud software called "best-kept secret"

Research applauds SAS for superior analytics, custom projects for clients

“SAS is one of the best-kept secrets among enterprise fraud solution providers,” says Aite Group’s recent report, Enterprise Fraud Management: Still Evolving After All These Years. But word is clearly getting out – the research firm highlighted fraud and security intelligence as the fastest area of growth for SAS. The report also complimented SAS for its superior analytics and the ability to meet unique customer needs with custom projects.

“Advanced analytics is indispensable in fighting fraud,” said Shirley Inscoe, Senior Analyst with Aite Group. “As fraud becomes more sophisticated and schemes more complex, simple rules are not adequate to protect the financial institution or its customers.”

Recommending that financial institutions select a provider that can integrate into existing fraud prevention systems, as opposed to replacing existing tools, Aite Group adds that “many point solutions provide valuable insights needed to obtain a complete customer view.”

SAS, says Aite Group, has “developed many fraud modules and has a strong case management system that helps integrate all the data needed.” A comprehensive holistic customer view – as offered by SAS – is gained through analysis of customers, their relationships and correlating their transactional behavior to their account activity. This reduces false positives, resulting in a better customer experience.

“(A) centralized enterprise fraud management solution improves customer service through a single point of contact for the victimized customer” the report continues, because “the customer does not have to contact multiple departments.” Centralization also improves operational efficiency. Additionally, solution providers who offer a full view of customers and their activity through robust case management tools will detect fraud more effectively and reduce false positives to a manageable and more cost-effective level.

The report pointed at SAS’ particular strength to take “learned intellectual property from live deployments and incorporating those capabilities into the out-of-the-box SAS solution.”

“After almost 20 years in the industry, the results I’ve seen from SAS advanced analytics to reduce false positives have yet to be matched,” said Cameron Jones, Security Intelligence Director at SAS. "With advanced analytics, our clients have prevented revenue losses more efficiently from increased alert accuracy."

With a common analytics platform and module-based solutions for enterprise fraud and financial crime, SAS efficiently uncovers suspicious financial activity, provides a complete view of threats across the entire institution, and streamlines the investigation process.

Read the highlights from Enterprise Fraud Management: Still Evolving After All These Years.

ABOUT Aite Group

Aite Group partners with participants in the international financial services marketplace, leveraging our analysts' industry experience to challenge, to advise and to catalyze growth through independent market research and timely consulting. Attuned to the needs and strengths of our clients, Aite Group builds bridges, brokers insight, and offers actionable advice that companies rely on to build their relationships and grow their businesses. www.aitegroup.com 

O společnosti SAS

Společnost SAS Institute je celosvětovým předním dodavatelem řešení a služeb pro Business Analytics, Business Intelligence a Big Data. Jedná se o největší soukromě vlastněnou softwarovou společnost na světě, její stabilita a síla jsou podloženy trvalým nárůstem výnosů od založení v roce 1976, tedy po dobu více než 35 let. Přes 20 % z obratu společnosti investuje SAS každoročně do výzkumu a vývoje produktů. Výsledkem jsou moderní a inovativní řešení, která pomáhají celosvětově více jak 70 000 společnostem zlepšit výkon a vytvářet větší hodnotu díky realizaci lepších a rychlejších rozhodnutí. SAS dává zákazníkům THE POWER TO KNOW®.

V České republice vstoupila společnost SAS na trh v roce 1999. SAS Institute se sídlem v Praze zaměstnává 50 lidí a pracuje pro více než 70 zákazníků, především z oblasti bankovnictví, pojišťovnictví, telekomunikací, služeb a veřejné správy. Mezi klienty patří například T-Mobile, Telefonica O2, Česká pojišťovna, Česká spořitelna, Komerční banka, Raiffeisenbank a řada dalších.

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