Business analytics vendor SAS
has refreshed its Fraud Management offering
with enhancements including:

  • an integrated application programming
    interface (API);
  • superior rule management configuration;
  • increased operational management, and
  • true real-time transaction scoring all built
    on advanced, patented SAS Analytics.

Derek Wylde, head of group fraud risk for
HSBC said: 

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“The next version of SAS Fraud Management is
already being used in our Asia operations and we are confident that
with SAS, we have the best anti-fraud models the marketplace can
offer right now.

“The proof is in our fraud numbers – our
detection rates are up and our false-positives are down – which
continue to meet our aggressive goals.”

HSBC uses SAS Fraud Management in the US,
Europe and Asia, protecting 100% of credit card transactions in
real time, and will expand to encompass fraud across multiple lines
of business and multiple sales channels.

“We’ve seen quite exceptional improvements
that exceeded the results we achieved with previous systems,” said
Wylde.

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SAS Fraud Management is an integral component
of SAS’ Enterprise Financial Crimes Framework for Banking
offering.