HSBC has chosen SAS Fraud Management, the real-time fraud detection system and part of the SAS Fraud Framework, as its principal solution for fraud management across its global network.
HSBC and SAS are working together to expand SAS Fraud Management’s capabilities, beyond protecting against credit and debit card fraud, to provide a comprehensive approach to combating fraud across multiple lines of business and channels. These enhanced capabilities will enable the bank to monitor activity at the customer, account and channel level.
Derek Wylde, head of group fraud risk, HSBC, said: “Time and time again, SAS proves itself as a worthy global partner to HSBC. We are keen to continue our investment with SAS having seen success with SAS Fraud Management in credit and debit card fraud protection and experiencing SAS’ flexible and innovative approach to fighting fraud. As a testament to this, we have chosen SAS as our solution for enterprise fraud management and are expanding our protection over other areas of fraud with SAS’ software. We’re also delighted that HSBC customers around the world are now benefiting from the same level of fraud prevention and detection success we originally saw in the US.”
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