SAS® Fraud Management

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Overview

SAS Fraud Management enables financial institutions to monitor all payment transactions across the enterprise, make decisions regarding potential fraud with sub-second response time, and understand fraud behavior patterns across multiple lines of business. Using AI and machine learning on one integrated platform allows for 100% real-time scoring of authorizations.

Key Features

·Advanced analytics and machine learning. Generate real-time, risk-based decisions with robust, embedded profiling and machine learning capabilities, patented signature-based analysis technology, advanced analytic modeling controls, a rule-authoring application interface, and an alert triage workstation.

·Real-time transaction scoring and decisioning. Score 100 percent of all transactions in real time with in-memory processing that delivers the industry's highest throughput and lowest latency response times.

·Single platform. Multitenancy capabilities enable the sharing of a single installation among independent departments and channels.

·Simplified data management. Houses all internal and external data from multiple sources on a single platform with a flexible enterprise orchestration system. Provides a single interface for accessing the solution from multiple client source systems or third-party data providers.

  • Alert management. Handle alert resolution, manage payment and risk decisions, perform hot listing and blocking, and conduct downstream fulfillment actions from a single interface.

Key Benefits

·Increase Fraud Detection. Embedded machine learning methods detect and adapt to changing behavior patterns, resulting in more effective, robust models to let you stay on top of shifting tactics and new fraud schemes.

·Increase Operational Efficiency. Simplified data integration enables you to combine all internal, external and third-party data to create a better predictive model tuned to your organization's needs. Bringing together this data on a single technology platform gives you the flexibility to scale up or out as your business changes and respond faster to new threats as they arise.

·Reduce Fraud Loss. Find fraud early through embedded industry-leading machine learning capabilities that allow you to adapt to changes in customer transactions and fraudulent behavior.

·Increase Customer Satisfaction & Retention. Quickly identify in real time the highest priority alert and most critical risks that justify review to reduce the potential negative impacts on customers.

Product/Service details

SOLUTION OR SERVICE TYPE