Safeguarding Against Fraud & Improper Payments
SAS Analytics offers advanced solutions to safeguard organizations against fraud and improper payments. By leveraging analytics, AI, and machine learning, SAS provides a proactive approach to detecting and preventing fraudulent activities. With tools like SAS Anti-Money Laundering and SAS Detection and Investigation, organizations can gain complete visibility into potential fraud scenarios and signals, allowing them to mitigate risks effectively.
Ensuring AML/CFT Compliance
Compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations is crucial for financial institutions. SAS Analytics helps organizations stay compliant by offering a risk-based approach that enhances transparency and reduces compliance risks. By utilizing solutions like SAS Anti-Money Laundering, institutions like Landsbankinn can identify patterns in their data and leverage SAS Visual Analytics for enhanced data visualization capabilities, enabling better decision-making and compliance management.
Mitigating Identity & Digital Fraud Risks
Identity and digital fraud pose significant risks to businesses and consumers. SAS Analytics enables organizations to evaluate customer interactions throughout the entire lifecycle, reducing the likelihood of identity and digital fraud incidents. With real-time identity verification capabilities like those used by CNG Holdings, organizations can effectively combat fraud, leading to cost savings and reduced false positive rates.
Enhancing Public Security Measures
Public security agencies can benefit from SAS Analytics by responding faster and more effectively to crime, terrorism, and other security threats. By adopting an analytics-based approach to risk and threat assessment, organizations like the Malta Tax & Customs Administration can automatically detect compliance discrepancies and filing errors using SAS Viya. This enhances overall security measures and improves the efficiency of threat detection and response.
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