SAS, a leader in data and AI, alongside its official partner DataScience Middle East in the UAE, Middle East, Turkey, and Africa, has teamed up with Ajman Bank PJSC, a prominent UAE financial institution, to enhance their fraud detection and prevention capabilities using SAS’s expertise.
With SAS’s state-of-the-art Fraud Management and decision-making platform, Ajman Bank can now monitor transactions in real-time, identify anomalies, and rapidly address emerging threats across various channels.
“Partnering with SAS and DataScience ME demonstrates our dedication to adopting top-tier technologies that protect our customers and uphold the integrity of our banking operations. This marks a significant advancement in our pursuit of smarter, safer banking,” stated Abhishek Sharma, Chief Risk Officer at Ajman Bank.
The SAS Fraud Management solution employs advanced machine learning and decision-making features to evaluate transactions in real-time, significantly minimizing false positives and boosting operational efficacy.
“We’ve invested heavily in establishing a robust partner ecosystem to serve our clients locally and regionally. SAS, in collaboration with DataScience ME, has worked meticulously to understand Ajman Bank’s challenges and vision, building a customer-focused model tailored to Ajman Bank’s needs,” said Samer Naguib, META Channel & Alliances Director at SAS.
Michel Ghorayeb, Managing Director at SAS UAE, added: “We are honored to partner with Ajman Bank, a respected UAE institution shaping the future of secure and innovative banking. SAS Fraud Management will empower Ajman Bank with real-time intelligence and adaptive analytics, enabling proactive financial crime prevention and safeguarding customer trust.”
The AI-driven solution enhances Ajman Bank’s compliance framework by reducing false alerts and prioritizing genuine threats. This decreases operational inefficiencies and allows risk teams to concentrate on high-risk cases. With integrated case management and automated reporting, Ajman Bank can efficiently investigate financial crimes, ensuring compliance with local and international regulations while mitigating legal and financial risks.
Sherif ElKhouly, CEO of DataScience Middle East, commented: “Our collaboration with SAS and Ajman Bank reflects our shared vision of using data and AI to foster innovation and trust in the financial sector. At DataScience Middle East, we are proud to offer our regional expertise and implementation capabilities to ensure the successful deployment of this advanced fraud management solution, empowering Ajman Bank to provide a smarter and more secure banking experience.”
By utilizing advanced analytics, Ajman Bank is taking proactive measures to combat fraudulent transactions and safeguard the integrity of the UAE’s banking sector.
