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SAS Reinforces Presence In Middle East Banking And Finance Segment With Newly-Formed Paladion Partnership
Published May 9, 2011
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SAS Middle East, the leading provider of business analytics software and services in the region, has announced its newly formed strategic partnership with leading global full service managed security provider, Paladion Networks. Under the terms of the partnership, the strategic alliance will see both companies work closely together in rolling out effective and reliable software and solutions that have been designed to address the region’s campaign against fraud and other forms of financial crimes.
The new alliance complements SAS Middle East’s move to reinforce its market presence in the Middle East region’s banking, financial services and insurance (BFSI) sector. The partnership will cover the UAE and the rest of the Middle East ably combining key SAS technology strength with Paladion’s expertise in the BFSI domain to become one of the region’s most sought after technology anti-fraud implementers. To mark the new partnership, SAS and Paladion are hosting an exclusive executive seminar on ‘Fraud Risk’ at the Address Hotel in Dubai Marina, Dubai. The interactive session will discuss key topics like the significance of implementing a fraud risk management program and how SAS can help clients deal with fraud.
According to SAS senior officials, the chief objective of the strategic alliance between SAS and Paladion is primarily aimed at taking the leadership in the region’s banking fraud risk management (FRM) domain. To help attain this, the two companies will facilitate essential information transfer/exchange sessions allowing Paladion consultants to be trained and made familiar with SAS solutions. Recent industrial reports have shown that banks, insurance companies, health care organizations and government entities are seeing an increase in the incidence and sophistication of fraud, waste and abuse activities; fueled in large measure by the financial turmoil gripping the world's economy. As part of its efforts to help in the campaign against financial crimes and fraud, SAS is leveraging its Enterprise Financial Crimes Framework. The new suite of solutions provide a technology infrastructure that integrates fraud detection, alert management, network analysis and case management giving organizations the upper hand in detecting fraud in any form, at any touch point.
“The strategic collaboration between SAS and Paladion will help drive in a stronger market showing in the banking, financial services and insurance sector,“ said Amir Sohrabi, Alliances & Partner Development Manager, SAS Middle East. “The Middle East region is currently witnessing an increased demand for key banking and financial solutions to help deal with fraud and other forms of financial abuse and waste. Our partnership with Paladion will not only give us the advantage of promoting our Enterprise Financial Crimes Framework suite of solutions to the banking vertical but also give us the advantage of positioning ourselves as a leading technology risk solution implementer in the Middle East region.”
Paladion is a global full service managed security provider committed to delivering technology solutions to ensure impenetrable security to 400+ clients in 15 countries across Asia, US and Europe. The company’s industry expertise extends over Banking-Finance-Insurance, IT and Consulting, Telecommunications, Research & Development and Government. Paladion solutions encompass security assurance, compliance, governance, monitoring and management services. The company is staffed with some of the best talent in the Infosec industry extensively trained and certified in CISSP, CISA, SANS, BS7799, CBCP, ISO 20000 and ISO 27001.
“This partnership seeks to leverage the technology strength of SAS and the implementation skills of Paladion. Paladion is upbeat with the expected increase in demand for key anti-fraud solutions and services across the region as other parts of the world have already demonstrated a demand in these services. We look forward to the success of this partnership and its aim of providing world-class solutions and services to the Middle East region’s banking finance and insurance segments,“ said Suveer Kalra, EVP & Global Head - Sales & Marketing, Paladion Networks.
About SAS:
SAS, the leader in business intelligence and analytical software and services, has delivered proven solutions that have helped drive innovation and improve performance to customers located at over 50,000 sites around the world. Established in 1976, SAS has recorded consistent revenue growth and an unwavering dedication to helping customers make better, fact-based decisions. The success of the company is reflected in its presence in our everyday lives; from the roads we travel, mortgage loans we purchase to the brand of cereal you eat and the mobile phone plan you select. SAS has helped organizations across all industries realize the full potential of their greatest asset: data. The company has made major strides in the move to transform data about customers, performance, financials and more into key information and predictive insight that lays the groundwork for solid and coherent decisions. That’s why SAS is used at more than 50,000 sites in over 100 countries, including 93 of the top 100 companies on the 2010 FORTUNE Global 500® list. Empowerment is the key to success and SAS has given its customers the ultimate advantage - THE POWER TO KNOW®.
About Paladion:
Paladion is the largest pure-play information security player in AsiaPAC and the fastest growing in Asia (as ranked in Deloitte Technology Fast 500 Asia Pacific & Technology Fast 50 India 2006, 2007, 2008 & 2009, 2010). Gartner too has included Paladion in its rating of “MarketScope for Managed Security Services in Asia Pacific” 2008 & 2009 as ‘Promising’ player and as a ‘Positive’ player in 2010.
With a global footprint across 16 countries, Paladion today is actively managing security for over 400 customers. Paladion provides unique technology platform and integrated services framework to actively monitor, and prevent risks on a 24x7 basis. This service delivery is recognized by multiple industry standards and has been awarded by Asian Banker, Red Herrings, and Financial Insights.
For more information:
CommuniGate Middle East
PO Box 66861, Dubai, UAE
T: +971 4 3988134
F: +971 4 3988137
E: info@communigateme.com
W: www.communigateme.com
Posted by
VMD - [Virtual Marketing Department]
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