SAS is providing solutions for banking. Getting away with financial crime just got harder. The latest SAS Financial Crimes Suite arms institutions to detect potential suspicious activity more efficiently than ever.
Today’s rigorous regulatory environment requires banks to move quickly with confidence. SAS Financial Crimes Suite uses a visual scenario designer to recommend optimal detection models.
A new customer due diligence solution within the suite more accurately detects changes in a customer’s risk profile. Enhanced anti-money laundering and case management capabilities also make it easier to have a complete view of threats across an institution’s financial crimes investigation unit.“A comprehensive view of potential threats will help in efforts to thwart criminals from successful attempts of hiding illicit funds,” says James Wester, global payments research director at IDC Financial Insights. “A technology infrastructure with customer risk rating and high-performance analytics will help speed detection and investigation in all channels.”.
The designer instantly assesses the impact of potential scenarios and risk-rating changes.In-memory architecture speeds analysis of real-time testing environments, reducing guesswork through improved model efficiency.
- To identify potential money launderers and people funneling money to terrorists, institutions must constantly assess customer activity. The SAS Customer Due Diligence does this by weighing all customer data to set baseline expectations.
- Data management features easily integrate key customer attributes from external sources and detect incriminating relationships.