#USA #payment solutions #Cary, NC #SAS Fraud Detection #RiskTech Quadrants

SAS Recognized as Best-in-Class in Fraud Solutions

In a significant development for the financial technology landscape, SAS has been awarded the prestigious title of Category Leader by Chartis Research in their latest update on Enterprise and Payment Fraud Solutions, 2025. This honor highlights SAS's exceptional performance among 41 vendors evaluated, marking it as the sole company to secure a best-in-class designation across all four core evaluation categories.

Chartis Research, renowned for its rigorous analytical assessments, awarded SAS a perfect score of 5.0 in the analytics dimension of fraud platforms, an achievement unmatched by any other vendor in this report. This recognition underscores SAS's commitment to providing cutting-edge, data-driven fraud solutions in today's rapidly evolving digital landscape.

Key Highlights of SAS's Achievements

1. Outstanding Performance Across Evaluation Areas
Among the extensive evaluation processes that Chartis conducts, SAS's performance was commended particularly in the following areas:
- Fraud Typologies: SAS demonstrated advanced capabilities in tackling intricate fraud scenarios, combining behavioral analysis with cutting-edge AI technologies to facilitate timely detections.
- Speed, Volume, and Performance: The platform excels in integrating vast amounts of structured and unstructured data while maintaining real-time detection capabilities, enabling businesses to make instantaneous decisions to thwart fraudulent activities.
- Fraud Analytical Modeling: With an extensive library of fraud models tailored for different verticals and payment types, SAS supports a hybrid approach allowing for both open-source integrations and a low-code/no-code interface.
- Solution Packaging and Deployment: SAS's solutions are modular and customizable, catering to diverse deployment needs through innovative architecture that supports not just fraud detection, but also anti-money laundering (AML) and identity validation solutions.

2. A Decade-Long Leadership in Anti-Fraud Solutions
Since the inception of the RiskTech Quadrant report in 2013, SAS has maintained its leadership in the fraud solutions sector. This year marks a new milestone, as it ranks first in the initial RiskTech Quadrant for fraud platforms, achieving an average score of 4.67 out of 5 in the primary vendor capabilities assessed by Chartis. This consistent recognition solidifies SAS’s role as a reliable partner for organizations ranging from Tier 1 to Tier 3 banks and fintech companies, thereby fostering trust in digital transactions.

3. Addressing Emerging Threats
The rise of threats such as fraud-as-a-service, synthetic identities, and deepfakes poses increasingly significant challenges for financial institutions around the globe. Senior Vice President of Risk Fraud and Compliance Solutions at SAS, Stu Bradley, emphasized that SAS's recognition by Chartis is a testament to its essential role in equipping financial institutions with advanced AI solutions to proactively combat these evolving risks. With more than 3,000 financial entities relying on its technology, including 97% of Fortune Global 500 banks, SAS is at the forefront of innovating defenses against modern fraud threats.

4. Proactive Strategies to Combat Financial Fraud
To address the growing risks associated with fraud, SAS's comprehensive approach focuses on unifying fraud, AML, and identity verification into integrated platforms, an essential strategy in today’s interconnected environment. These platforms allow financial institutions to respond quickly and effectively to threats that can scale faster than conventional protective measures.

5. Future Outlook
Moving forward, SAS is set to guide various sectors through the complexities of fraud management, as evidenced by its commitment to research and technology development. The release of the SAS e-book, Securing the Future: Proactive Strategies to Combat Financial Fraud, showcases best practices and real-world applications of AI and analytics in enhancing resilience against future risks.

With its unmatched capacity to harness data, SAS continues to lead the charge against fraud, ensuring that organizations not only survive but thrive amidst the complexities of digital transactions.