SAS and msg expand partnership for anti-money laundering
Close cooperation strengthens expertise in AML, compliance and KYC markets
SAS, a global, leading provider of solutions for analytics and artificial intelligence (AI), and msg, one of the largest German consulting and IT companies, are expanding their long-term collaboration for financial institutions to include the area of anti-money laundering (AML) and Know Your Customer (KYC). The aim of this partnership is to now be able to offer especially medium-sized and small financial institutions an AML solution that is specially tailored to this segment.
This way, customers in the financial service sector obtain high-performance software and comprehensive consulting for the optimization and further development of their AML strategy inside and outside of Europe. The SAS solution optionally enables an easy connection to an AI-supported analysis of transaction data and thus embodies the next generation of financial crime analytics. The customer also has the choice and can opt for an on-premise or cloud-based approach.
Frank Schlottmann, member of the board of directors at msg: “We are looking forward to expanding our collaboration with SAS. This will enable us to enhance AML offerings in the interest of our customers and future proof the IT and business strategies of our customers.”
“msg’s expertise was most convincing to us. Together with our technology, this creates a unique combination for our customers in the financial sector. We have been addressing the enterprise business for many years. Within the scope of the new partnership, we are now creating a ready-to-use solution from which also smaller and medium-sized financial institutions can benefit," says Kai Fahlenbock, member of the management at SAS DACH.
A single source for comprehensive consulting and implementation
SAS is thus continuing its strategy of offering end-to-end consulting from a single source while strengthening its partner network. Fahlenbock continues: “Customers want a provider that understands their needs and doesn't just supply software. With msg as a strong partner in the areas of AML and KYC, we can deliver a complete business process and further expand our integrated approach.”
In 2019, SAS announced an investment of more than a billion US dollars in AI, including training programs and consulting services. These are designed to prepare executives and data scientists alike for the digital future. With this financial commitment, SAS is strengthening its sound AI technology base, which includes advanced analytics, machine learning, customer onboarding, deep learning, natural language processing and computer vision.
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