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SAS, Resourcery offer fraud detection training

04 November 2013, 11:30

Lagos - SAS Institute, the global leader in business analytics software and services, will this week train technology personnel at financial institutions on fraud detection.

The training sessions, which the company will hold in partnership with West Africa's leading Information Technology company, Resourcery Plc, will be held on Friday in Lagos.

The session will provide the heads of compliance, internal control, risk management and information technology departments an opportunity to explore how SAS can help them to not only detect financial crimes but also prevent fraud.

Speaking on the event, SAS Sales Director, Sub-Sahara Africa, Edward Sungura, said participants at the session would learn how to build and use holistic customer behavioral patterns in the fraud-detection process.

“Participants would also be able to gain a true enterprise view of fraud by aggregation alerts from multiple systems into a single environment.
Most importantly, they will learn how to increase their organization’s return on investment through fewer false positives and more accurate investigations.
“Unless compliance, internal control, customers’ data and IT managers trust their data, every operational process, report and decision will lower their confidence in the decisions they make based on that information,” he said.

“Whether it is a mainframe, relation database, enterprise application or big data, only high- quality data can determine if the system is useful.
With technology built on data quality, attendees would see how they can stop reacting to bad data and start using quality data to make a difference,” he added.

Tunde Balogun, Resourcery Solutions Manager, said his company was committed to providing customers with the best available information technology business solutions that would enhance their services.

He said that in partnering with SAS, the company had again demonstrated its support for the overall development of the Nigerian financial institutions.

– CAJ News


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