Chartis: SAS earns 'best-in-class' honors in enterprise and payment fraud solutions
The data and AI leader is the sole vendor named best-in-class across all core evaluation areas. SAS also earned the report's only perfect 5.0 – for analytics in fraud platforms.
And in Chartis' 26-vendor evaluation of payment fraud solutions, SAS is among only a few to achieve best-in-class scores for every payment rail, including card, ACH, A2A/wire, check, real-time and alternative payments. SAS earned the highest average score across payment rails – 4.3 out of 5 – tying with one other vendor.
"SAS' patented signatures technology, advanced analytics and configurable orchestration deliver real-time, multi-layer defenses, effective in detecting even the most complex, high-impact fraud threats, like APP fraud and money muling," said
Singularly best-in-class across every evaluation area
SAS' AI-powered fraud solutions, including SAS Fraud Decisioning on cloud-native SAS® Viya®, earned Chartis' best-in-class designation based on the analyst firm's rigorous, multi-dimensional evaluation methodology. The honor reflects SAS' breadth and depth of coverage, alignment with market needs and its consistency across all four core evaluation dimensions, as detailed in the vendor analysis:
- Fraud typologies. SAS' "capabilities in tackling high-impact typologies […] are particularly advanced," according to Chartis. "SAS combines behavioral, transactional and network signals with advanced link analysis and AI, enabling a holistic, real-time approach" to detection.
- Speed, volume and performance. Chartis highlights how SAS "enables firms to integrate large volumes of structured and unstructured data, including behavioral, biometric and device data, creating a high-speed, real-time fraud detection engine" supporting synchronous decisions.
- Fraud analytical modeling. Chartis lauds SAS' "extensive libraries of prepackaged fraud models and typologies, spanning verticals, payment types and sub-typologies" – in complement to SAS' industry-leading modeling and rule development, which supports open source models (e.g., R and Python) via a low-code/no-code interface.
- Solution packaging and deployment. SAS' modular, configurable platform supports hybrid deployments and convergence across fraud, anti-money laundering (AML), identity and verification (ID&V), and related risk domains, with both out-of-the-box and customizable GenAI capabilities.
A decade-plus of anti-fraud leadership – and a new milestone
Chartis has recognized SAS as a Category Leader in enterprise and payment fraud solutions since the quadrant report's 2013 debut.
New this year, SAS emerged as a Category Leader in the report's inaugural RiskTech Quadrant for fraud platforms, where SAS scored an average 4.67 out of 5 in the six key vendor capabilities assessed – the highest among 33 solution providers evaluated.
Notably, SAS also earned a perfect 5.0 in analytics for fraud platforms. That marks the only perfect score awarded to any vendor in any facet of the three-quadrant report.
SAS' rankings cement its status as a core provider of integrated, end-to-end fraud infrastructure to businesses and organizations, spanning Tier 1 to Tier 3 banks, payment service providers, third-party payment providers, fintechs, insurers, government agencies, digital commerce platforms and more.
"Criminals are weaponizing AI to innovate faster than ever, exploiting deepfakes, synthetic identities and real-time payments to scale their attacks," said
Financial services spotlight: Next-gen threats demand next-gen defenses
More than 3,000 financial institutions worldwide rely on SAS technology, including 97% of banks in the Fortune Global 500 and two-thirds of the world's systemically important banks. This reflects SAS' proven ability to meet the demands of the most regulated and risk-sensitive institutions in global finance, with a strategic focus on trust and AI ethics.
As fraud-as-a-service, synthetic identities and deepfakes raise the stakes for financial institutions worldwide, Chartis notes, only a fraction have integrated fraud, AML and ID&V into unified platforms. This leaves them vulnerable to supercharged threats that scale faster than siloed defenses can respond.
Examine these challenges – alongside practical solutions – in Securing the future: Proactive strategies to combat financial fraud. The SAS e-book offers industry-tested strategies, best practices and real-world case studies that showcase how industry players are using advanced analytics and AI to build resilience against tomorrow's risks.
About SAS
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®.
SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the
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