Handelsbanken has signed a contract with SAS Institute for a global solution to prevent financial crime and terrorist financing

SAS Institute and Svenska Handelsbanken initiate a collaboration in order to implement a global platform which enables Handelsbanken to further synchronize and align its processes combating financial crime, money laundering and terrorist financing.

"Financial crime is a global challenge that is rapidly increasing in complexity due to digital transformation and globalization. Increased numbers of cross border transactions do not only demand automation, but also intelligence-driven capabilities to identify anomalies in behavior from across many disparate data sources. Analytics are at the core of SAS’ financial crime capabilities and form the foundation of successfully combating financial crime", says Stu Bradley, Vice President of Fraud & Security Intelligence at SAS Institute.

Based on the exponential development of financial crime, it is of outmost importance to further develop the ability to support the bank’s employees in their daily work. The goal is not only to identify and investigate suspicious alerts – but to identify, adapt and develop new scenarios to counter new modus operandum from the criminal networks. A rapid deployment from development to production of changes to support and optimize work processes cross departments and functions is therefore a must to meet the challenges of the future.

"Financial crime is a global activity which is changing rapidly. In order to prevent that the bank is being used for criminal activity Handelsbanken requires a solution which combines a stable and flexible platform with advanced financial crime analytics, AI and other modern technologies. We have put a lot of effort into finding a global partner with which we can develop strategically over time", says Marie-Louise Dunberg, Head of Development for Financial Crime at Handelsbanken.

The goal is a common architecture, to support global processes, for transaction monitoring, customer screening, customer due diligence, risk classification, transaction screening, investigations, reporting and financial crime analytics.

"We are honored being chosen as the strategic partner by Handelsbanken, welcoming our joint future work combating the increasing threat against our society that financial crime represents. That SAS technology and knowledge will enable safeguarding Handelsbanken, their customers and society at large are of outmost importance to us", says Ola Ringström, Managing Director at SAS Institute in Sweden.



Ola Ringström, SAS Institute, ola.ringstrom@sas.com, 08-52217000
Marie-Louise Dunberg, Handelsbanken, madu05@handelsbanken.se, 08-7011000

About Handelsbanken

Handelsbanken is one of the world's strongest banks with its roots in local communities and trusting relationships. We operate on timeless values of trust and respect, for customers and colleagues. We aim to build lifelong relationships with our customers and to grow through their recommendation. Our branch teams are empowered to take all the decisions that matter to their customers, and to engage locally in the ways they find best. Colleagues all over the Bank enjoy similar trust, within our open, supportive culture. We believe in always taking responsibility. By running the Bank prudently, we are able to support our customers through all economic conditions. By sharing our knowledge freely, we can contribute to their financial capability. And by living up to our commitments we can make positive difference to the communities we serve.

Since introducing this values-based approach in the early-1970s, we have achieved our corporate goal every year.


About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

Editorial contacts:

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