Fraud & Financial Crimes Compliance

Superior detection. Better prevention. Trusted protection.

How SAS Delivers Better Fraud & Financial Crimes Compliance

Enhanced fraud detection. Efficient, effective investigations. Consolidated suspicious activity monitoring and reporting. Proactive protection through advanced analytics, AI, machine learning and regtech technologies.

Anti-money laundering

Adopt an advanced strategy for detecting suspicious transactions in areas such as AML, CFT sanctions screening and beneficial ownership.
Take a risk-based approach using hybrid analytics to manage alerts, test scenarios, respond faster to evolving risks and comply with banking regulations.

Know your customer

Rate new customers and update customer scoring based on key events that could affect the overall risk of your customer relationships.
Review events automatically.
Perform continuous monitoring.
Manage risk attributes with speed and agility.
Conduct thorough analyses with fewer resources.

Payments fraud

Find fraud early through embedded machine learning capabilities that adapt to changes in customer transactions and behavior.
Address the proliferation of identity theft and synthetic identities.
Find more fraud and reduce false positives by processing all data – in real time or in batch – using a powerful fraud analytics engine with embedded AI and machine learning techniques.

Cybersecurity

Arm your firm with a layer of business-relevant cyberanalytics that heightens the intelligence of existing security infrastructures.
Find hidden patterns and relationships suggesting malicious activity in real time.
Make better, faster business decisions about cyberrisks.

Why SAS for fraud & financial crimes compliance?

Find fraud faster. Stop it sooner. All while reducing false positives and improving the efficiency of investigations.

Get cross-channel visibility

Aggregate and cleanse internal and external data from all relevant sources with a single, integrated analytics platform.

Score 100% of all transactions on demand

Get real-time integration to authorization systems around the globe and use an online scoring engine that scores data in real time for greater accuracy.

Visualize linkages among seemingly unrelated transactions

Uncover previously unknown relationships using link analysis and continuous, automated, event-based monitoring.

Find more fraud

Implement a hybrid analytic approach that uses multilayered detection methods to find fraud at the individual transaction, account, customer and/or network level.

In times of digitalization, banks must focus on innovating in the fight against fraud and money laundering. Therefore, we’re using an analytical SAS platform to be able to act and react even faster. Ralf Stracke Head of Compliance Deutsche Kreditbank AG

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SAS^® Software Used

SAS^® Anti-Money Laundering
SAS^® Fraud Detection and Investigation

How does the second-largest direct bank in Germany better serve customers online while protecting them from fraud?

SAS helps Deutsche Kreditbank:

Gain a complete view of fraud.
Detect the most complex fraud scenarios and signals.
Seamlessly coordinate the processing of possible fraud cases.
Keep the number of false positives as low as possible.

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SAS^® Software Used

SAS^® Anti-Money Laundering
SAS^® Visual Analytics

How does a global systemically important bank (G-SIB) in Iceland use analytics to power its anti-money laundering efforts?

SAS helped Landsbankinn:

Meet regulatory demands for anti-money laundering safeguards.
Significantly reduce false positives from about 1,000 per day to 100.
Reduce time and complexity of corporate reporting efforts and provide more visually engaging, self-service reports.

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SAS^® Software Used

SAS^® Anti-Money Laundering
SAS^® Fraud Detection and Investigation for Banking

How does the second-largest direct bank in Germany better serve customers while protecting them from fraud?

SAS helped Deutsche Kreditbank AG:

Gain a complete view of fraud to detect the most complex fraud scenarios and signals.
Offer a particularly high standard of safety combined with fast and innovative customer service.
Adopt a platform so effective that the compliance department changed from a cost center to a profit center.
Implement a system that not only enables Workplace 4.0 in the area of compliance, but also improves the efficiency of many of the bank's units.

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