SAS a Leader in enterprise fraud management, says top research firm

Report ranks SAS among top EFM vendors, with highest possible marks in machine learning-based risk scoring and alerting, reporting criteria

CARY, N.C.


,


June 13, 2024


/PRNewswire/ — Data and AI trailblazer SAS is ranked as a Leader in


The Forrester Wave™:

, Q2 2024



,

the prestigious analyst firm’s highest designation. Among the 12 select enterprise

fraud

management (EFM) vendors Forrester evaluated on 21 criteria, SAS is one of only two named as Leaders.

SAS’ enterprise

fraud

solutions suite – comprised of

SAS

^®


Fraud

Decisioning

and

SAS

^®


Fraud

Management

–

earned the


highest score in the current offering category

of any evaluated EFM vendor.

“SAS’ productized, out-of-the-box supervised and unsupervised machine learning models for banking transaction monitoring are ahead of the competition and require less effort to train than those of competitors,” the Forrester report noted. “Analyst investigation screens are intuitive and customizable. Reporting is versatile, visually pleasing, and easy to configure. … The solution is a great fit for large financial institutions and insurer organizations.”

Meeting consumers’ expectations for robust

fraud

safeguards


Detecting and preventing

fraud

has become more imperative than ever, both for businesses and for their customers. Indeed, when considering loyalty and retention, the two interests are often one and the same: Two-thirds of respondents in SAS’ 2023

,


Faces of

Fraud



, said they would change service providers in the interest of better

fraud

protections.

SAS delivers powerful anti-

fraud

capabilities. Among the 11 criteria evaluated within the current offering category, SAS received the highest possible scores in seven:

• Machine learning-based risk scoring and alerting.
• Productized and in-house models.
• Segmentation and behavioral profiles.
• Analyst investigation.
• Channels.
• Reporting.
• Scale.

SAS also received the highest possible scores in four of eight evaluation criteria within the strategy category, including vision, road map, adoption and community.

“SAS provides a broad selection of out-of-the-box EFM machine learning models,” the Forrester evaluation noted, adding that SAS’ “EFM vision and product roadmap are first-rate.”

“We believe Forrester’s assessment shows that SAS is the premier technology partner for enterprise

fraud

management,” said

Stu Bradley

, Senior Vice President of Risk,

Fraud

and Compliance Solutions at SAS. “With the explosion in AI technologies, having that trusted partner is crucial to help quickly realize value from IT investments across the data and AI life cycle.

“SAS’ enterprise

fraud

solutions on cloud-first SAS

^®

Viya

^®

deliver that value and much more. SAS offers an integrated suite of

with a shared data ecosystem, real-time scoring and decisioning, and advanced analytics and machine learning, all on a single platform.”

For more on the latest anti-

fraud

tech trends – including the promise and challenges of generative AI and other emerging technologies – explore SAS’ global study with the Association of Certified

Fraud

Examiners, the

.

SAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW

^®

.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the

USA

and other countries. ® indicates

USA

registration. Other brand and product names are trademarks of their respective companies. Copyright © 2024 SAS Institute Inc. All rights reserved.

View original content to download multimedia:

SOURCE SAS