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Chartis Research names SAS® as a RiskTech Quadrant® category leader for enterprise fraud technology solutionsCARY, N.C., Sept. 13, 2017 /PRNewswire/ -- Chartis Research has identified SAS as a RiskTech Quadrant category leader for enterprise fraud technology solutions. The risk and compliance technology-focused research and advisory firm also recognizes SAS as a category leader in anti-money laundering solutions and watchlist monitoring solutions. The RiskTech Quadrants® are part of Chartis Research's report Financial Crime Risk Management Systems: Market Update 2017. This year's research notes two key trends molding financial institutions' approach to financial crime risk management: an increase in regulatory reports (particularly suspicious activity reports) and the growing complexity of relationships involving correspondent banking, ultimate beneficial owners, and open application programming interface banking. "Ever-more sophisticated digital financial schemes and constantly shifting regulatory pressures pose a threat to financial institutions, which face not only crime-related losses but reputational damage and steep fines from regulators and law enforcement agencies," said Sidhartha Dash, Research Director at Chartis Research. "In addressing these new challenges, SAS has domain and advanced analytics expertise, and provides a cross-channel enterprise view of informatin. It has also invested in industry and fraud prevention technology and its enterprise approach to security intelligence." "Although financial institutions are acutely aware of fraud risk and financial crime, the threats continue to evolve and multiply," said David Stewart, Director for Financial Crimes and Compliance at SAS. "SAS blends data aggregation, advanced analytics and forensic investigation to support a holistic, real-time view of financial crime risk across the enterprise. And SAS software's in-memory analytics help data scientists use machine learning and other advanced techniques to quickly identify and react to emerging threats." As in past years, Chartis Research's 2017 report uses in-depth independent research and a clear scoring system to analyze technology solutions in the RiskTech, FinTech and RegTech markets. Leading vendors were ranked based on their completeness of offering and market potential, based on detailed briefings and research and analysis by Chartis Research's subject-matter experts. Chartis also recently named SAS a category leader in model risk governance solutions. To learn more about SAS' fraud and compliance portfolio, visit the SAS fraud and security intelligence website. About Chartis About SAS 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 © 2017 SAS Institute Inc. All rights reserved. View original content with multimedia:http://www.prnewswire.com/news-releases/chartis-research-names-sas-as-a-risktech-quadrant-category-leader-for-enterprise-fraud-technology-solutions-300518611.html SOURCE SAS |