Digital banking has made convenience the norm, but it’s also made fraud inevitable. The accelerating pace of digital transactions – real-time payments, mobile banking, embedded finance – creates new opportunities for innovation and opens the door to more sophisticated fraud. This is where AI steps in. Not just as a
No one is immune to identity theft – I know this firsthand. I was targeted while working at a financial institution where I was also a credit card customer. One day at work, I received an internal call from the bank’s customer contact center. I was informed that someone impersonating
With the rapid evolution of regulatory environments, the pressure on financial institutions (FIs) to effectively detect and prevent money laundering while staying compliant with the changing pace of regulatory requirements is greater than ever. However, with the right tools and strategies, this pressure can be effectively managed. Regulatory scrutiny is
A new study spanning more than two decades and more than 500,000 issuer-months presents one of the most accurate and forward-looking models of corporate credit rating transitions to date. By combining machine learning with the SAS® KRIS® 1-year default probability (KDP), the authors show how investors can gain a powerful
Financial institutions operate in a highly regulated, data-sensitive environment. At the same time, these institutions are under pressure to modernize credit scoring models that balance fairness, accuracy and compliance. The challenge? Most financial institutions lack access to the volume and diversity of high-quality, privacy-safe data needed to fuel these models.
The banking industry is at a crossroads. With rising customer expectations, intense competition, ever-evolving regulations and mounting cost pressures, financial institutions must transform – or risk falling behind. Enter agentic AI, an advancement in artificial intelligence that’s poised to redefine how banks operate, serve, and grow. What is agentic AI?
“What’s in the box?” This question can come from a joyous child tearing into a nondescript package – or it can come from Brad Pitt’s infamous line in the crime thriller Seven. Most of the time, what’s in the box ends with smiles and laughter. In banking, though, the “box”
At SAS Innovate in Orlando, our partners shared how they’re driving meaningful change with SAS®. From strengthening financial services with AI-powered AML solutions, to helping marketers build privacy-conscious personalization, to enabling scalable, cloud-based analytics, they’re showing what’s possible when innovation meets collaboration. In the video above, you’ll hear directly from
From transforming online insurance services to combating the opioid epidemic, SAS customers are using data and AI to drive innovation, enhance efficiency and make a positive impact on society. These stories – and more – offer a glimpse into how our customers are shaping the future with SAS. Dive into
In an uncertain geopolitical world, integrated balance sheet management (IBSM) is crucial for building financial resilience. Fragmented risk systems hinder banks’ ability to navigate volatile markets. Isolated control models are especially problematic when managing liquidity, profitability and capital efficiently. According to a recent FT Longitude survey of executives from 300
