SAS Fraud Detection Software Reviews & Product Details

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SAS INSTITUTE INC
Online
North Carolina, USA
1976
$1BN to $5BN
Enterprise
87 Likes
78 Buyers are Negotiating "Group Buyer Deal"

SAS INSTITUTE INC USP

SAS offers fraud and security intelligence solutions to mitigate risks and fraud practices with the help of anomaly detection techniques. SAS provides fraud and security softwares that implement fraud detection techniques to gain a consolidated view of the fraud risks. SAS Fraud Detection Software provides solutions such as fraud data management, alert management, detection, alert generation, and case management to the government, enterprise, and BFSI sectors. Request SAS INSTITUTE INC Pricing to get more information.

Summary

SAS Fraud Framework detects fraudulent activities through anomaly detection methods, such as spot linked activities and crime rings. It is extensively used in the BFSI industry to achieve improved operational efficiency and enhanced revenue growth.
  • The framework leverages banking services, such as unparalleled advanced banking and financial analytics.
  • Fraud detection is used by its commercial clients across a multitude of industries. Insurance companies use risk and fraud management techniques to monitor and manage insurance information, whereas payments processors use them to prevent payment-related frauds.
  • The SAS Fraud Detection Software detects and prevents fraudulent activities in enterprises. By using advanced analytics, this software analyzes frauds and the associated risks in real time.
  • SAS Fraud Detection Software is a single platform that uses predictive analytics to identify frauds.

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SAS INSTITUTE INC
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Strengths
  • +10
    Fraud Analytics
  • +6
    Directly
  • +5
    Hosted / On-Cloud
  • +14
    On-Premise
  • +7
    Through Partners / Third-Party Vendors
  • +11
    Authentication (SFA and MFA)
  • +6
    Consulting Services
  • +11
    Electronic payment
  • +12
    GRC solutions
  • +9
    Insurance claims
  • +5
    Managed Services
  • +12
    Mobile payment
  • +10
    Money laundering
  • +13
    Other features
  • +8
    Others
  • +13
    Other Solutions
  • +14
    Professional Services
  • +7
    Training and Support
  • +8
    Full Time Equivalent
  • +10
    Per User / Workstation Basis
Weaknesses
  • -13
    Slow Processing
  • -5
    Breadth and Depth of Product Offerings
  • -7
    Delivery
  • -6
    Product Features and Functionality
  • -9
    Support and Services
  • -8
    Customer Support
  • -14
    Dedicated Account Manager (DAM)
  • -12
    Product Demos
  • -9
    Sales Support
  • -11
    Software Requirement Specification (SRS)
  • -7
    Technical Support
  • -8
    Scalability
  • -9
    End User Organization Size
  • -8
    Number of End Users
  • -9
    Product Offerings
  • -5
    Platform/Technology
  • -12
    licenses
  • -10
    Others, please specify
  • -13
    Proof of Concept
SAS INSTITUTE INC Presence in Fraud Detection Software
SAS Institute’s competitive approach has enabled it to concentrate on innovations in the core focus areas, such as analytics, visualization, customer intelligence, risk, and fraud. The company’s strategic intent lies in maintaining strong partnerships with channel partners, systems integrators, resellers, Original Equipment Manufacturers (OEMs), and managed service providers to help its customers implement the SAS technology in adequate ways for fulfilling business requirements. In 2016, SAS invested nearly 26% of its total revenue in R&D. The company has witnessed a significant revenue growth across all geographic regions for its technologies segments, such as data management analytics, and BI. In the same year, SAS achieved an incremental growth of 36% in its share in fraud and security intelligence software, thereby providing risk management solutions to clients across the globe. The advent of government regulations, increased competition, and unprecedented changes has helped the company to provide innovative products and services with enhanced customer-centric solutions. SAS delivers a wide range of FDP softwares to SMEs and large enterprises for resolving issues related to fraudulent activities. In order to expand its product portfolio, the company is continuously developing new and innovative solutions and upgrading the versions of its available platform. The company has been categorically focusing on expanding its foothold in the emerging markets by making its products available through regional distributors, channel partners, resellers, service partners, and technology partners. In April 2017, SAS collaborated with Cisco to launch the Cisco SAS Edge-to-Enterprise IoT Analytics Platform. The platform helps enterprises to apply analytics at various layers of the network, based on the volume, velocity, and latency requirements.
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