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.
We believe we have the best anti-fraud models that the marketplace can offer right now. The proof is in our fraud numbers – our detection rates and our false-positives – which continue to meet our aggressive goals.Derek Wylde Head of Group Fraud Risk
SAS® Software Used
How does one of the world's largest banking and financial services organizations significantly lower incidence of fraud across tens of millions of debit and credit card accounts?
SAS helped HSBC Holdings plc:
- Score 100% of credit card transactions for more than 30 million cards in real time.
- Dramatically exceed aggressive objectives for reducing incidence of fraud and false positives.
- Increase customers' confidence in the bank's ability to protect them against fraud.
- Adapt as needed to changing threats with up-to-date information about the performance of fraud defenses.
SAS® Software Used
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.
SAS® Software Used
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.
Related Products & Solutions
-
SAS® Anti-Money LaunderingTake a risk-based approach to monitoring transactions for money laundering and terrorist financing activities.
-
SAS® Customer Due DiligenceRate new customers and update existing customer scores based on key events and new information.
-
SAS® CybersecurityUnderstand your security posture, identify current weaknesses, prioritize remediation and see risk prior to compromise.
-
SAS® Detection and Investigation for BankingFind and stop organized and first-party application and payments fraud with a single, end-to-end solution.
-
SAS® Fraud ManagementDetect, prevent and manage fraud enterprisewide in real time – from a single platform.
-
SAS® Visual InvestigatorAddress a wide variety of intelligence analysis and investigation management needs with speed and precision.
