While no one currently alive witnessed the beginnings of the Industrial Revolution in mid-18th century Britain, we’re all now spectators and participants in the AI revolution – AI is accessible and entrenched everywhere. While AI is not new, 2023 ushered in a tsunami of AI innovation with the emergence of
Stu Bradley discusses the importance of education, diligence and analytics in the fight against fraud.
Scammers and fraudsters love these 8 terms. Learn what they mean so you won’t be a victim.
The revised EU Payment Services Directive (PSD2) has been a focal point for the financial services industry over the last couple of years and its adoption is set to revolutionise the payment ecosystem in Europe. New entrants, innovative technologies and increased regulation are already posing major challenges to traditional banks
Several weeks ago, South Carolina was the victim of what some experts believe to be the largest cyber-attack against a state tax department in history. Approximately 3.6 million personal South Carolina income tax returns were exposed, and nearly 657,000 businesses compromised, in an international hacking attack. Coincidentally, SAS and the SC
In many ways, the early 1990s were the heyday of Special Investigation Units (SIU) for insurance companies, says Tim Wolfe, Director of Special Investigations for CNA, a commercial property and casualty insurance provider. Around that time, states started requiring companies to report suspicious claims and insurers increased staff to meet those
For several years, the financial services industry has debated the merits of converging anti-fraud and anti-money laundering processes under “financial crimes.” In December 2010, the Association of Certified Anti-Money Laundering Specialists (ACAMS) and Ernst & Young published a joint survey of 250 global respondents from financial services, law enforcement and
Manya Mayes, a Solutions Architect and Chief Text Mining Strategist at SAS, just gave a wonderful presentation about using SAS Text Miner with SAS Content Categorization. Both products have been used successfully by SAS customers for some time. But Manya and our clients are now using them to solve old
