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SAS Security Intelligence to Combat with Fraud and Financial Crimes

By CIOReview | Wednesday, March 19, 2014

FREMONT, CA: SAS, a company that provides business analytics software and services, has recently started a new research and development center which will mainly deal with combating fraud and financial crimes, reports BBC NEWS.

"SAS is proud to be building on its existing operations in Scotland. We initially established a global research and development team to create business applications to help modernize law enforcement improves public safety and enhances national security,” says Mikael Hagstrom, a Senior SAS Executive.

SAS solutions ranging from Business Analytics to Fraud and Security Intelligence transform data into insights that give a fresh perspective to various businesses.  

With this SAS Security Intelligence, a protection is tailored for industries like banking, insurance, health care or public sector with improved detection and prevention of threats. It provides a unified defense against money laundering, fraud as well as financial crimes and which in turn enables the clients to gain cross-channel visibility, monitor more transactions, and reduce false positives significantly.

SAS fraud management system offers a real-time scoring of accounts and better protection for customers with the latest anti-fraud technology such as chip and PIN.