SAS, the leader in business analytics software and services, hosted an exclusive event for banks in Dhaka, on Monday (3rd November 2014) at The Westin in the city. SAS Banking Conclave had provided delegates with expert insights into how data analytics can help banks in managing risk, preventing fraud and engaging customers. The event was attended by senior executives and C-Level officials from banks in Bangladesh, as delegates.
At SAS Banking Conclave, analytics experts from across geographies discussed strategies and tactics for risk management, customer intelligence and fraud management. Packed with practical advice and valuable lessons; SAS Banking Analytics Conclave revealed how High-Performance Analytics is helping banks to transform Big Data into Big Business Value. Senior executives and thought leaders from the Indian and Bangladesh banking fraternity were also present as speakers at the event. Senior representatives from SAS presented their views at the event. Honorable Governor of Bangladesh Dr. Atiur Rahman graced the event as the Chief Guest and Mr. Sudipta K Sen, Regional Director South East Asia, Vice Chairman and Board Member, SAS India and Mr. Noshin Kagalwalla, Managing Director, SAS India, were also present at the event. Mr. Sandip Ghose, Director, National Institute of Securities Markets (NISM, India), also shared his valuable thoughts.
16 Banks renowned banks operating in Bangladesh had participated in the workshop including Islami Bank Bangladesh, City Bank, Mercantile Bank, Eastern Bank ltd, One Bank, IFIC, BASIC, AB Bank, MTB, Midland, State Bank of India, Lanka Bangla Bank, Commercial Bank.
Dr. Atiur Rahman said, ‘These recent developments are helping us in overseeing the banking sector closely and efficiently to prevent fraudulent activities, money laundering, terrorist financing and other financial crimes. But the success of our anti-money laundering drive depends to a large extent on commitment for appropriate compliance. Bangladesh Bank is committed to standby you to go forward with a vision to prevent fraud, money laundering or any kind of criminal activities in the banking and financial sector.’
Commenting on the occasion, Mr. Sudipta K Sen, Regional Director South-East Asia, Vice Chairman and Board Member, SAS India said, “In today’s dynamic business environment, gut instinct just isn’t enough. It is important for banks to leverage analytics for fact-based decision making. I am confident that at SAS Banking Conclave, delegates discovered the value which analytics can add to Bangladesh’s banking industry and help them in further curbing fraud, better complying with regulations, engaging customers and driving business growth.”
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world The Power to Know®. SAS has been in India since 1997. SAS India operations are headquartered in Mumbai with regional offices in Bangalore, New Delhi and Pune. SAS works with organisations across Industries and offers them Analytics & Business Intelligence to fuel innovation and meet their business objectives. Year on year SAS has been leading the Advanced Analytics market in India with majority market share. Information on SAS India operations can be found at www.sas.com/india
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