Banco Santander Brazil, the country’s third largest privately held bank, has tapped SAS to use SAS Fraud Network Analysis, SAS Visual Analytics and SAS Grid Manager to improve its anti-fraud efforts.
The initiative to move to a new comprehensive fraud management platform has already benefitted the bank asit reduced fraud losses and operational costs through better management of the bank’s daily big data generation.
“We expect these new solutions to fuel our anti-fraud efforts and technology modernization, generating significant reduction of losses and gains in efficiency and productivity,” said Fernando Diaz, executive director of Technology at Santander.
Santander is looking at reducing fraud in three areas – credit card, current account and loan – with Fraud Network Analysis. The SAS deployment will also improve efficiency when creating new retail credit policies and models.
SAS Visual Analytics provides a point-and-click environment to explore data graphically, and SAS Grid Manager offers a shared, managed analytics environment with workload balancing, high availability and parallel processing.
