Improve fraud detection by 24 percent with SAS

In the highly regulated financial services sector, institutions face significant challenges managing fraud detection and credit risk modeling. SAS Viya differentiates itself through dedicated solutions purpose-built for these high-value use cases, enabling financial institutions to unlock substantially greater value than generic analytics platforms. Nucleus research with financial institutions implementing SAS Viya revealed that organizations with existing fraud detection models in production achieved 24 percent improved accuracy, while those transitioning from legacy or manual processes experienced even greater gains through accelerated model development and automated detection workflows. These implementations delivered 92 percent time savings in fraud analysis workflows and over $20 million in annual cost avoidance, demonstrating how SAS Viya’s specialized financial services solutions drive measurable returns by combining faster iterative development with superior accuracy improvements tailored to banking and insurance risk management.