Fraud detection and prevention tools developed by has been awarded the “Technology Innovation of the Year Award” from Frost & Sullivan.

Customers use the SAS tools in banking transactions, including point of sale.

“Fraud has evolved into an inexorable and pervasive issue in the banking and financial services domain,” said Frost & Sullivan Research Analyst Achyuthanandan Sampath. “SAS’ radical fraud management solution is equipped with all the capabilities necessary to completely immobilize fraud crimes. Its core technical aspects also stand testimony to the progress made in the area of fraud detection and prevention. This makes SAS Fraud Management indispensable for all banking and financial institutions.”