âSAS delivers a superior AML solution that is built on SASâ leading analytic and data management technology,â said William Ward, vice president and director of security at Sky Financial Group. âCompared with other vendor offerings, SAS was clearly the best choice for us because of the solutionâs functionality and compatibility, and our ability to customize the technical architecture.â
During its comprehensive vendor review process, Sky executives were impressed with SASâ reputation and financial stability which influenced their decision to select SAS Anti-Money Laundering. The financial services company was also pleased with the IT support from SAS and the value offered by the solution. âThe user interface of the SAS solution was simple and easy to understand while the solutionâs workflow was seamless and uncomplicated,â said Ward.
Eventually, Sky plans to extend the framework of the solution to address other business issues throughout the enterprise, such as fraud, risk management and marketing initiatives. SAS Anti-Money Laundering tracks transactions across all products, channels and lines of business to ensure a comprehensive view of each customer.
The highly scalable detection engine within SAS Anti-Money Laundering provides superior detection functionality to enable reporting of potential criminal financial activities efficiently across the entire organization. The transaction monitoring and analysis process within the SAS solution uses easily refined detection measures and logic to report exceptions more accurately throughout the enterprise. SAS Anti-Money Laundering empowers Sky to comprehend and examine suspicious patterns within client transactions â an essential capability for the companyâs anti-money laundering effort.
In addition, SAS provides a user group for its anti-money laundering customers, enabling them to share best practices and knowledge as a community.