22 September 2017
visit www.avoka.com

Santander to deploy SAS fraud tech

09 April 2014  |  2511 views  |  0 Source: Santander

With fraud losses on the rise across the banking industry, Banco Santander Brazil is beefing up its anti-fraud efforts by moving to a new comprehensive fraud management platform using a trifecta of SAS technology.

Santander, the country's third largest privately held bank, will use SAS® Fraud Network Analysis, SAS Visual Analytics and SAS Grid Manager.

The expected result? Reduced fraud losses and operational costs through better management of the bank's daily big data generation.

"This year, we expect these new solutions to fuel our anti-fraud efforts and technology modernization, generating significant reduction of losses and gains in efficiency and productivity," said Fernando Diaz, Executive Director of Technology at Santander.

Santander wanted to increase processing efficiency and saw that analytics, data visualization and better system integration was the best path. According to Diaz, "The bank's objective is to significantly reduce fraud in three areas - credit card, current account and loan - with Fraud Network Analysis. We can also hope to improve efficiency when creating new retail credit policies and models."

SAS Visual Analytics provides a point-and-click environment to explore data graphically, and SAS Grid Manager offers a shared, managed analytics environment with workload balancing, high availability and parallel processing.

"We needed a flexible technology platform so our infrastructure could keep up with the growth of our business areas," said Diaz. "A platform that would give us autonomy to manage processes, prioritizing the most critical ones and optimizing the windows of peaks and valleys."

Santander's choice of SAS was based on loyalty, flexibility and project time frames. Also, the bank needed to improve information management with more options for adapting and altering models and increase efficiency so business areas can easily visualize scenarios and concepts.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.temenos.comvisit www.sibos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12891 views comments | 27 tweets | 42 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
8642 views comments | 13 tweets | 27 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8377 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
7806 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
7672 views comments | 31 tweets | 45 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job