Hello, I'm David Stewart.
I lead SAS's security intelligence practice
for the banking industry vertical.
Clients come to SAS because they have a brand expectation
of analytical capabilities to help them improve their AML
operations.
Most clients come to SAS because they're
in the midst of a modernization or replacement
project of their incumbent systems
to focus most of the requirements on all things
operational, things like automated transaction
monitoring, client risk rating, investigations,
case management, regulatory report filing,
all of those automated tasks, operational tasks,
that are critical and are expected
by regulatory agencies, auditors, and frankly,
the board.
However, what we see emerging is the modern financial crimes
model is it's not just enough to have operational processes,
those processes need to be validated
by statistically rigorous practices involving
model tuning, optimization, segmentation, simulation,
and frankly, being able to visualize and explain
the decisions that are made to support how we monitor
certain customer groups, certain products,
and certain lines of business in the manner that we do.
With the advent of geographic targeting orders,
law enforcement inquiries, subpoenas, et cetera, more
and more financial institutions are building up
human intelligence units, if you will,
or financial crimes intelligence teams, who proactively go out
every morning based on adverse media
events, other types of inquiries internally,
to answer that age-old question, what's my exposure.
Is this shooter, is this terrorist,
banking with my institution, did they move money on my rails,
is a counterparty related to one of these, a bad actors somehow
involved in my institution.
What's my exposure?
There's this whole emerging area of technologies
around data mining, text mining, advanced global search,
link analysis, and all things kind
of related to forensic analytics.
So when people say what's different about SAS,
SAS is the only financial crimes vendor that
provides best in-class capabilities across,
not only the operational disciplines,
but disciplines required for validation
and human intelligence.
SAS is the only vendor that provides
an integrated platform, encompassing these disciplines.