Ain Alalam – Rashad Iskandrni<\/p>\n
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SAS, a market leader in data and AI; DataScience Middle East, an official SAS partner in the UAE, Middle East, Turkey and Africa and Ajman Bank PJSC, a leading financial institution in the UAE, have joined forces, leveraging SAS\u2019s expertise to enhance the Ajman Bank\u2019s enterprise-wide fraud detection and prevention capabilities. This milestone symbolizes Ajman Bank\u2019s strong roadmap into a digital transformation journey, reinforcing its commitment to safeguarding customer assets and maintaining the highest standards of financial integrity.<\/p>\n
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By leveraging SAS\u2019s cutting-edge Fraud Management and decisioning platform, Ajman Bank will be able to monitor transactions in real time, detect anomalies, and respond swiftly to emerging threats across multiple channels.<\/p>\n
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\u201cOur partnership with SAS and DataScience ME reflects our commitment to adopting world-class technologies that protect our customers and ensure the integrity of our banking operations. This is a major step forward in our journey toward smarter, safer banking,\u201d said Abhishek Sharma, Chief Risk Officer at Ajman Bank.<\/p>\n
The SAS Fraud Management solution utilizes advanced machine learning and decisioning capabilities to score transactions in real time, significantly reducing false positives and improving operational efficiency.<\/p>\n
\u201cWe\u2019ve been heavily investing on securing a strong partner ecosystem that will be able serve our clients locally and regionally. SAS, in partnership with DataScience ME, have been diligently collaborating to better understand the Ajman Bank\u2019s challenges and vision, accordingly we\u2019ve built a customer centric model that\u2019s tailored to Ajman Bank\u2019s needs, said \u201cSamer Naguib, META Channel & Alliances Director, at SAS.<\/p>\n
Michel Ghorayeb, Managing Director at SAS UAE added: “We\u2019re proud to partner with Ajman Bank, a respected institution in the UAE shaping the future of secure and innovative banking. SAS Fraud Management will empower Ajman Bank with real-time intelligence and adaptive analytics, enabling them to proactively prevent financial crime and safeguard customer trust.”<\/p>\n
For Ajman bank, the AI-powered solution strengthens its compliance framework by minimizing false alerts and ensuring that genuine threats are prioritized. This reduces operational inefficiencies and helps risk teams focus on high-risk cases. With built-in case management and automated reporting, Ajman bank can more efficiently investigate financial crimes, ensuring adherence to both local and global regulations while mitigating legal and financial risks.<\/p>\n
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Sherif ElKhouly, CEO of DataScience Middle East,<\/strong>\u00a0commented: \u201cOur collaboration with SAS and Ajman Bank is a testament to our shared vision of leveraging data and AI to drive innovation and trust in the financial sector. At DataScience Middle East, we are proud to contribute our regional expertise and implementation capabilities to ensure the successful deployment of this cutting-edge fraud management solution, empowering Ajman Bank to deliver a smarter and more secure banking experience.\u201d<\/p>\n \n By leveraging advanced analytics, Ajman Bank is taking proactive steps to combat fraudulent transactions and protect the integrity of the UAE\u2019s banking sector.<\/p>\n \n \n \n About SAS<\/strong><\/a><\/p>\n SAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW\u00ae<\/sup>.<\/p>\n \n SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. \u00ae indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright \u00a9 2024 SAS Institute Inc. All rights reserved.<\/em><\/p>\n \n