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SAS Anti-Money Laundering description
SAS Anti-Money Laundering is a software suite designed to help financial institutions combat financial crime. It offers a range of features, including transaction monitoring, customer due diligence, sanctions screening, and regulatory reporting, all within a single platform. The software uses artificial intelligence and machine learning to detect suspicious activity, improving efficiency and reducing false positives. Its open administration capabilities allow for customization without extensive technical expertise. SAS Anti-Money Laundering is designed to help organizations of all sizes comply with regulatory requirements and mitigate financial crime risks.
What companies are using SAS Anti-Money Laundering?
Who is SAS Anti-Money Laundering best for
SAS Anti-Money Laundering helps financial institutions fight financial crime with AI-powered transaction monitoring, KYC checks, sanctions screening, and regulatory reporting. It streamlines compliance and reduces risks. G2 reviewers rate it 3.9/5 stars.
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Best for large enterprises.
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Ideal for financial institutions.
SAS Anti-Money Laundering features
| Supported SAS Anti-Money Laundering creates reports for AML compliance, which includes KYC requirements. |
| Supported SAS Anti-Money Laundering supports KYC checks, including identity verification. |
| Supported SAS Anti-Money Laundering screens against sanctions lists using real-time watchlist screening and list imports. |
| Supported SAS AML uses AI and machine learning to detect complex financial threats, which can include fraud. |
| Supported SAS Anti-Money Laundering performs transaction monitoring and likely supports real-time analysis using AI. |
SAS Anti-Money Laundering pricing
The commentary is based on 3 reviews from SAS Anti-Money Laundering G2 reviews.
SAS Anti-Money Laundering offers flexible payment packages making it a worthwhile investment for robust AML compliance. While specific pricing isn't readily available, reviews suggest the cost is justified by its advanced features and efficiency.
SAS Anti-Money Laundering alternatives
FocalBetter user interface. Focuses on financial institutions in emerging markets, especially in the Middle East and North Africa. Focal is growing faster than SAS Anti-Money Laundering.Read more
OndatoBetter for KYC and AML compliance, especially for mid-sized and larger businesses. Stronger customer support and easier to use. Ondato is a SAS Anti-Money Laundering alternative and competitor.Read more
SEON. Fraud FightersBetter suited for businesses of all sizes across various industries needing fraud detection. It has a highly intuitive interface, real-time transaction monitoring, and a customizable rule builder. However, users have noted occasional inaccuracies in IP geolocation and limited social media platform coverage. It is growing faster and has garnered more positive user reviews.Read more
TaktileBetter for automating decisions in lending, payments, and risk management. Geared towards fintech businesses and integrates seamlessly with various data sources via API. Has easier implementation and boasts higher user ratings and faster employee growth, indicating strong momentum.Read more
RipplingBetter for payroll, benefits administration, and other core HR functions. More suitable for businesses with global operations needing localized solutions. Has more momentum based on LinkedIn employee growth.Read more
ComplyCubeHas broader industry fit, including e-commerce and software/IT. Offers global KYC and AML coverage and automated identity verification. Has a startup program with free access.Read more
SAS Anti-Money Laundering FAQ
What is SAS Anti-Money Laundering and what does SAS Anti-Money Laundering do?
SAS Anti-Money Laundering is a software suite that helps financial institutions fight financial crime. It provides tools for transaction monitoring, customer due diligence, sanctions screening, and regulatory reporting, using AI and machine learning to detect suspicious activity. It's designed to improve compliance and reduce financial crime risks.
How does SAS Anti-Money Laundering integrate with other tools?
SAS Anti-Money Laundering integrates with existing systems through open APIs and data import/export capabilities. This allows for seamless data flow between AML and other core banking or compliance solutions. It also facilitates custom configurations to meet specific organizational needs.
What the main competitors of SAS Anti-Money Laundering?
Top alternatives to SAS Anti-Money Laundering include Ondato, Focal, SEON. Fraud Fighters, ComplyAdvantage, Sift, and ComplyCube. These competitors offer similar AML and KYC compliance features, often with AI-driven fraud detection and risk management tools.
Is SAS Anti-Money Laundering legit?
Yes, SAS Anti-Money Laundering is a legitimate software solution designed to help financial institutions combat financial crimes. It offers features such as transaction monitoring, KYC checks, sanctions screening, and AI-driven fraud detection for enhanced security and regulatory compliance.
How much does SAS Anti-Money Laundering cost?
I cannot find pricing details for SAS Anti-Money Laundering. Contact SAS directly to discuss pricing and determine if the product is worth the investment for your needs.
Is SAS Anti-Money Laundering customer service good?
Customer reviews indicate SAS Anti-Money Laundering's customer support is a significant drawback. Users report long wait times and delays in issue resolution, despite the product's effectiveness in AML compliance. Improvement in customer service responsiveness is needed.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.