SAS is a Leader in AML Transaction Monitoring Solutions

SAS, a leader in AML transaction monitoring solutions, earned top ratings from Chartis Research for its AI and ML capabilities. SAS helps firms confront financial crime threats with exceptional real-time precision and compliance monitoring. Its innovative algorithms and comprehensive intelligence offer a modern approach to AML, aiding in automating processes and accelerating event detection.

SAS’ modular solutions, deployed on the SAS Viya platform, enable firms to enhance efficiency and effectiveness across the enterprise, preparing them for evolving regulatory obligations and emerging financial crime risks. This recognition follows SAS’ recent achievements in FRAML solutions and its rise in the Chartis RiskTech100.

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AML and SAS

David Stewart, Director of Financial Crimes and Compliance at SAS, emphasizes the importance of AI-driven solutions in modernizing A ML capabilities, enabling firms to streamline decision-making and investigative processes while proactively managing risks.

“While this marks Chartis’ first-ever evaluation of A ML transaction monitoring solutions, SAS’ expertise in this arena spans more than two decades,” says Nick Vitchev, Research Director of Financial Crime and Fraud Markets at Chartis. “From G-SIBs [global systemically important banks] to small and medium-sized financial institutions, SAS’ cloud-native, language-agnostic solutions can be configured to flexibly help them confront the spectrum of shifting fraud, money laundering and terrorist financing risks.”