INNOVATIVE APPROACH TO IMPLEMENTING A FRAUD DETECTION SYSTEM IN A COMMERCIAL BANK EARNED ANALYTICS DATA FACTORY THE MOST RELIABLE PARTNER AWARD

30.09.2020

At the beginning of this year, SAS Institute Czech Republic awarded its partners in several areas of cooperation. Analytics Data Factory (ADF) was named the 2022 Most Reliable Partner in Platform Services.

ADF has gained the reliable partner status thanks to its innovative approach to the implementation of modern platforms.  ADF has been implementing cutting-edge SAS technologies since 2015. The company aims not only to implement the SAS platform as such, but primarily to leverage a strong team of experts for its further development and education of the customer.

For instance, ADF has worked with the third largest bank in the Czech Republic, Komerční banka, protecting its 1.6 million clients for more than six years.   A Fraud Detection System (FDS) implemented by ADF monitors all outgoing and incoming payments, including instant payments, as well as online banking and mobile banking log-ins, totaling 1 million verified transactions per day. Every login and transaction receive a score to identify a fraud scenario within 20 milliseconds. The comprehensive system deflects sophisticated online techniques attackers use to gain unauthorized access to sensitive data and funds. To date, the solution has saved KB clients nearly CZK 180 million by stopping more than 800 fraud attempts.

“The award is recognition that we are doing our job well. At the same time, it means a commitment to keep our momentum going forward. The goal this year is to develop Customer Intelligence with a strong focus on customer experience,” says Kamil Mahdal, founder and CEO of Analytics Data Factory.

About the company

Analytics Data Factory s.r.o. has been active on the European, Asian, and African markets since 2016. The company specializes in real-time data processing, CRM development, fraud detection, and direct communication for banks and insurance companies. ADF helps businesses set up and manage Fraud Detection processes. It offers a multi-purpose intelligent platform to support digital initiatives in retail. Analytics Data Factory is an SAS Gold Partner for the Czech Republic and Slovak Republic, providing support for all SAS solutions and products. Its key customers include Komerční banka, Home Credit, Česká podnikatelská pojišt'ovna, Kooperativa, ČSOB, and Airbank. For more information about the company, please visit www.byadf.cz.

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