New SAS® Financial Crimes Suite: fight smarter, faster

Features high-performance analytics for anti-money laundering

With corporate reputations and millions of dollars on the line, the need to effectively combat financial crimes has never been greater. Featuring high-performance analytics for fighting money laundering, business analytics leader SAS has a new suite of software that helps manage and deter financial crimes even more efficiently. With initial components generally available in Q1 2013, SAS® Financial Crimes Suite is built on SAS’ industry-leading analytics and information management technology. Organizations can use the flexibility of interconnected modules to roll out either single or multiple modules, decreasing implementation times and improving results.

"Essential to any meaningful discussion on combating financial crimes is a technology platform that is versatile, scalable and usable," said Jim Candelmo, Executive Compliance Director and BSA/AML Officer at Ally Financial. SAS Financial Crimes Suite is such a technology platform.

The new anti-money laundering solution – powered by SAS High-Performance Analytics technology – includes enhanced scenario tuning and what-if analysis. This technology dramatically reduces the time – from hours to minutes – it takes to provide investigators relevant information, conduct preliminary analyses and identify areas that need further attention, such as suspicious transactions or unusual patterns. This gives them more time to focus on the most critical cases.

The SAS Financial Crimes Suite brings together multiple SAS solutions and technologies for detecting, preventing and managing financial crimes including money laundering and fraud. Suite components include data management, detection and alert generation, alert and case management, predictive alert analytics and fraud detection built on category-specific workflow, and advanced analytics including entity-link analysis. By sharing information through a single suite, organizations can have a holistic, behavior-based view to more accurately detect suspicious behavior. With this SAS enterprise suite, firms can also budget and deploy in phases, helping them to focus on the most pressing issues now, and yet confidently expand to address emerging risks in the future.

The suite's configurable alert management provides a unified view of all work in progress across channels, giving investigators better insights for taking action to reduce risk, fight fraud and improve results. Dashboard reporting shows key performance indicators so analysts, investigators and managers can continually monitor areas of specific interest.

SAS Financial Crimes Suite also offers cross-channel visibility using entity link analysis, a common ground for information sharing and collaboration. With it, firms can measure risk for a group of entities, uncover previously unknown collusive activities and better understand their overall financial crimes exposure.

"With mobile payments on the rise, criminals will continue to take advantage of weak security controls," said CEB TowerGroup Research Director Jason Malo. "Putting a common technology infrastructure in place with layered security to support monitoring and investigating all channels will be of utmost importance moving forward."

Read more about an integrated financial crimes platform in the free SAS white paper, "A Unified Front: Making the case for integrating fraud and anti-money laundering processes" or learn about "The Next Generation in Fraud, Compliance and Security Solutions."

Today's announcement came at The Premier Business Leadership Series event in Las Vegas, a thought-leadership conference presented by SAS that brings together more than 600 senior-level attendees from the public and private sectors to share ideas on critical business issues.

О компании SAS

Компания SAS является крупнейшей в мире частной IT-компанией, специализирующейся на разработке и продаже решений и услуг в области бизнес-аналитики

Компания основана в 1976 году, и сегодня в ее офисах по всему миру работают более 14 тысяч сотрудников. В течение 41 года доход SAS постоянно возрастал и в 2016 г. достиг 3,2 млрд долларов. Клиентами SAS являются более 83 тысяч организаций в 158 странах мира. Среди них – 94 компании из первой сотни лидеров, включенных в список «2016 FORTUNE Global 500®». По данным IDC на середину 2017 года, SAS занимает около 30,5% мирового рынка углубленной аналитики.

В России и странах СНГ компания SAS начала работу в 1996 году. Заказчикам компания SAS предлагает полный спектр решений и услуг в области бизнес-аналитики: консалтинг, внедрение, обучение и техническую поддержку. Клиентами SAS в России и СНГ являются все 10 крупнейших российских банков (Сбербанк России, ВТБ, Газпромбанк и др.), РЖД, «Аэрофлот», лидеры рынка розничной торговли (X5 Retail Group, Азбука Вкуса и др.), крупнейшие компании из телекоммуникационного и топливно-энергетического секторов, государственные организации.

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