Chartis Research has once again named SAS, a leader in data and AI, as a category leader in its AML Transaction Monitoring Solutions, 2024 Market Quadrants report. This marks the second consecutive year SAS has achieved the highest scores in anti-money laundering evaluations, showcasing its industry-leading capabilities.
1. Top Ratings Across Multiple Categories
- SAS Anti-Money Laundering received the highest possible scores in five critical areas:
- Data and system integrations.
- Modeling and risk typology.
- Speed and volume.
- Platform and case management.
- Workflow automation.
2. Comprehensive Solution for Complex Use Cases
- SAS’ solution delivers high performance across complex AML scenarios, with robust analytics and a multilayered AI approach.
- The SAS Viya platform enhances flexibility and customization through advanced data orchestration and analytics tools.
3. Highlights from Chartis Research
- Data Integration:
- Seamlessly integrates third-party and proprietary data, processing both financial and non-financial transactions.
- Offers real-time enrichment for effective risk management and reduced false positives.
- Risk Typology:
- Extensive coverage across financial crime scenarios with customizable libraries for high-risk entities.
- AI and Machine Learning:
- Leverages cutting-edge AI, including large language models, for streamlined compliance processes and better decision-making.
- Efficiency and Scalability:
- Scalable solutions ensure businesses can expand as needed.
- Out-of-the-box machine learning detection simplifies advanced analytics adoption.
4. Industry-Endorsed Excellence
- Chartis highlighted SAS’ comprehensive offerings, noting its high coverage across completeness of solution and market potential.
- Features like embedded monitoring of customer lifecycle events and adaptable transaction monitoring set SAS apart in flexibility and effectiveness.
5. SAS’ Commitment to AML Innovation
- SAS continues to address the evolving regulatory demands with its innovative AML tools.
- Models-as-a-service offerings enhance operational efficiency and decision-making.
SAS’ recognition by Chartis Research underscores its dominance in anti-money laundering solutions. With advanced AI, robust analytics, and flexible scalability through the SAS Viya platform, SAS remains a critical partner for organizations aiming to navigate the ever-evolving AML landscape effectively.
