SAS, a market chief in knowledge and AI; DataScience Center East, an official SAS companion within the UAE, Center East, Turkey and Africa and Ajman Financial institution PJSC, a number one monetary establishment within the UAE, have joined forces, leveraging SAS’s experience to boost the Ajman Financial institution’s enterprise-wide fraud detection and prevention capabilities. This milestone symbolizes Ajman Financial institution’s sturdy roadmap right into a digital transformation journey, reinforcing its dedication to safeguarding buyer property and sustaining the best requirements of economic integrity.
By leveraging SAS’s cutting-edge Fraud Administration and decisioning platform, Ajman Financial institution will be capable of monitor transactions in actual time, detect anomalies, and reply swiftly to rising threats throughout a number of channels.
“Our partnership with SAS and DataScience ME displays our dedication to adopting world-class applied sciences that shield our clients and make sure the integrity of our banking operations. This can be a main step ahead in our journey towards smarter, safer banking,” mentioned Abhishek Sharma, Chief Threat Officer at Ajman Financial institution.
The SAS Fraud Administration answer makes use of superior machine studying and decisioning capabilities to attain transactions in actual time, considerably lowering false positives and enhancing operational effectivity.
“We’ve been closely investing on securing a robust companion ecosystem that will probably be ready serve our purchasers regionally and regionally. SAS, in partnership with DataScience ME, have been diligently collaborating to raised perceive the Ajman Financial institution’s challenges and imaginative and prescient, accordingly we’ve constructed a buyer centric mannequin that’s tailor-made to Ajman Financial institution’s wants, mentioned “Samer Naguib, META Channel & Alliances Director, at SAS.
Michel Ghorayeb, Managing Director at SAS UAE added: “We’re proud to companion with Ajman Financial institution, a revered establishment within the UAE shaping the way forward for safe and modern banking. SAS Fraud Administration will empower Ajman Financial institution with real-time intelligence and adaptive analytics, enabling them to proactively forestall monetary crime and safeguard buyer belief.”
For Ajman financial institution, the AI-powered answer strengthens its compliance framework by minimizing false alerts and guaranteeing that real threats are prioritized. This reduces operational inefficiencies and helps threat groups concentrate on high-risk instances. With built-in case administration and automatic reporting, Ajman financial institution can extra effectively examine monetary crimes, guaranteeing adherence to each native and international laws whereas mitigating authorized and monetary dangers.
Sherif ElKhouly, CEO of DataScience Center East, commented: “Our collaboration with SAS and Ajman Financial institution is a testomony to our shared imaginative and prescient of leveraging knowledge and AI to drive innovation and belief within the monetary sector. At DataScience Center East, we’re proud to contribute our regional experience and implementation capabilities to make sure the profitable deployment of this cutting-edge fraud administration answer, empowering Ajman Financial institution to ship a wiser and safer banking expertise.”
By leveraging superior analytics, Ajman Financial institution is taking proactive steps to fight fraudulent transactions and shield the integrity of the UAE’s banking sector.