ADIB, SAS and Microsoft tackle fraud through a cloud-based SAS solution on Microsoft Azure offering proactive protection through advanced analytics and AI.
Leading Islamic financial institution Abu Dhabi Islamic Bank (ADIB) has augmented its cloud-based fraud management systems by working together with industry leaders SAS and Microsoft.
Reduced response times
The solution, powered by SAS Fraud Management on Azure, dramatically reduces deployment times, allowing the bank to improve detection, prevention and management of business-wide fraud attempts on a single platform.
SAS’ solution, powered by Microsoft Azure, supports every channel and payment system and allows ADIB to respond effectively to evolving financial and regulatory requirements.
Cloud First Strategy
ADIB’s adoption of the Microsoft-SAS solution is a continuation of its Cloud First Strategy. As ADIB migrates critical workloads to the new system, the bank will be able to identify, detect, and mitigate fraudulent behaviour in real time and at scale.
Mamoun Al Homssey, Chief Information Officer of ADIB, said, “ADIB operates in a risk -heavy environment, and our threat management solution needs to be integrated across systems, portfolios and departments, and able to instantaneously uncover new and complex fraud schemes. With the AI-powered fraud detection offered by SAS and the scalable cloud platform of Microsoft Azure, we now can proactively identify emerging threats and automatically suggest new rules and scenarios in real time, further reducing our risk from exposure to fraud, waste, and abuse. We are more confident of our threat preparedness in collaboration with industry leaders, SAS and Microsoft.”
Sayed Hashish, General Manager of Microsoft UAE, added, “With this digital transformation, ADIB was able to simplify IT operations, automate decisions and prioritize investigative efforts on a scalable, secure and efficient cloud platform. This is a testament to the increasing trust that major enterprise customers are placing in a shift to a cloud environment, a trend we have seen accelerate as more organizations advance on their digitization journeys.”
