SAS Fraud Framework for Banking

The product SAS Fraud Framework for Banking, helps to reveal, prevent and investigate illegal transactions and cases of financial fraud thanks to effective collecting and data analysis from different sources.

Analytical tools using which the solution of SAS is created allow not only to estimate objectively problem scale, but also most precisely to reveal fraudulent transactions. It gives the chance to avoid drain of capital and to lower reputational risks of bank.

During creation of the solution for identification of the facts of fraud the SAS company applied the hybrid approach combining search mechanisms of deviations from the standard circuit of a customer behavior, forecast modeling, the analysis of social networks and also identification of suspicious transactions and work with rules of conduct using filters. Using external data sources, SAS Fraud Framework for Banking increases efficiency of conducting investigations of incidents, in particular, allowing to visualize communications in details. The flexibility of setup and individual selection of analytical methods allow to make a product to the most relevant requirements and tasks of the specific customer.