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Egyptian Bank ADCB-Egypt Partners with SAS to Implement AI-Powered Fraud Detection Solution

In a major milestone in Egypt’s digital transformation journey, ADCB-Egypt has announced its partnership with analytics leader SAS to deploy the country’s first AI-powered fraud detection solution. This innovative technology aims to enhance the bank’s real-time fraud prevention capabilities and make it the first financial institution in Egypt to adopt an AI-driven fraud detection capability.

Enhancing Real-Time Fraud Prevention Capabilities

The successful rollout of this project demonstrates the commitment of both entities to ensuring the security of Egypt’s rapidly progressing digital landscape. ADCB-Egypt is now able to monitor multiple channels, including:

  • Internet banking
  • Mobile banking
  • Interactive voice response
  • Card transactions

Thanks to SAS’ Fraud Management Solutions, the bank can detect and prevent fraud in real-time.

Key Features of the AI-Driven Solution

The AI-driven solution, powered by SAS, allows ADCB-Egypt to:

  • Review suspicious activities and detect malicious activities in real-time
  • Configure new rules and simulations through a self-service interface, making them more agile in responding to regulatory changes issued by the Central Bank of Egypt and shifting market conditions

Quote from ADCB-Egypt’s Managing Director and CEO

“Our collaboration with SAS ensures that our key pillars are met, creating a seamless and secure financial ecosystem for our customers,” said Ihab ElSewerky, Managing Director and CEO of ADCB-Egypt.

Quote from SAS Country Manager, Egypt

“We are proud to be part of ADCB-Egypt’s successful journey, ensuring that their banking journey is secure one,” said Samer Naguib, Country Manager, Egypt at SAS.

Benefits of the Scalable Solution

The scalable solution is designed to help ADCB-Egypt expand its operations within the region while strengthening customer trust by protecting all touchpoints. With SAS’ proven track record in providing financial institutions across the region with AI-generated prevention strategies, ADCB-Egypt can:

  • Sift through large volumes of transactions and multiple risks
  • Reduce false positives for enterprise and cross-channel fraud prevention

By partnering with SAS, ADCB-Egypt is ensuring a secure banking journey for its customers while staying ahead of emerging threats in the digital landscape.