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SAS is a leader in anti-money laundering says research firm report

SAS is a leader in anti-money laundering says research firm report

Banking & FinanceResearchTop Stories

Global AI and analytics titan SAS has been named a leader in anti-money laundering solutions by Forrester.

The Forrester Wave: Anti-Money-Laundering Solutions, Q3 2022 evaluates the industry’s 15 most significant anti-money laundering (AML) technology providers, assessing and ranking them based on 26 evaluation criteria.

SAS Anti-Money Laundering attained the highest score of any evaluated vendor in the ‘current offering’ category. The AI-powered anti-money laundering software solution scored 4.85 out of five overall and received the highest possible score in 12 of the category’s 13 criteria, including:

  • Users and roles
  • Watchlist management and screening
  • Rules-based scoring and alerting
  • AI/Machine Learning-based scoring and alerting
  • Internationalization, currencies, and reporting
  • Scale

“While anti-money laundering compliance expectations have increased due to more complex regulatory priorities, AI and Machine Learning are delivering on their promise of making AML programs more automated, efficient and effective,” said David Stewart, North Carolina-based Director of Financial Crimes and Compliance at SAS.

Stephan Wessels, SAS Head of Customer Advisory for South Africa, said: “We are very proud to be named a leader in anti-money laundering solutions by Forrester. This is a testament to our advanced market solutions that are built to fight against money laundering and illicit finance with AI, Machine Learning, intelligent automation and advanced network visualization – and to meet the challenges and risks in an ever-changing operating environment.”

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