Soneri Bank Uses SAS® to Manage Enterprise Risk and Compliance, Increase Profitability

  Soneri Bank Uses SAS® to Manage Enterprise Risk and Compliance, Increase

Leading Pakistani bank combats money laundering, enhances enterprise risk

Business Wire

CARY, N.C. -- April 03, 2013

Soneri Bank Limited, one of Pakistan’s leading commercial banking
institutions, is establishing a high-performance risk framework with software
from business analytics leader SAS to better manage enterprise risk and
strengthen fraud detection. Soneri Bank will use SAS Anti-Money Laundering and
SAS Credit Risk Management for Banking to improve profitability, help meet
Basel II requirements, boost ratings, lower finance costs, and combat money

“We chose SAS for its proven expertise, its major presence within more than
3,400 financial institutions worldwide, and its local reputation for
delivering highly customized solutions,” said Haider Devjianie, CIO of Soneri
Bank. “Soneri Bank has ably positioned itself as a strong and growing bank.
Using SAS, we have not only reinforced our operations but are now addressing
key challenges, including internal data structure requirements. SAS gives us a
big advantage by being uniquely flexible.”

To better manage risk reporting and create timely cash leakage reports, Soneri
will harness SAS’ cutting-edge analytics, sophisticated data management and
reporting. Soneri Bank has integrated SAS for Enterprise Risk Management into
procedures, which had previously been separated from the business lines, to
lower its risk profile for Basel II. Alongside meeting Basel II requirements,
the bank is looking into ways to increase the business benefits of a
comprehensive risk strategy.

“Choosing SAS underscores Soneri Bank’s strong commitment toward adapting to
emerging trends and technologies in the financial segment,” said Amin
Feerasta, Country Credit Head of Soneri Bank. “With the help of SAS, we will
achieve our vision of becoming a leading financial institution within the
region and help fulfill the promise of meeting banking customer needs.”

With financial crimes growing every day, financial institutions and their
boards are under increased regulatory scrutiny to ensure proper policies,
controls and procedures. SAS Anti-Money Laundering automates the process of
detecting, investigating and reporting on irregularities. The system’s
cross-channel view of financial fraud risk speeds the investigative process
and identifies unknown relationships. The solution analyzes transactional
activity to spot anomalies that go undetected by manual review. The system’s
advanced scoring and prioritization focus analysts on the most relevant
financial risks, reducing wasted resources spent on false positives and
helping institutions like Soneri Bank adapt quickly to new money risks as they

Read about SAS Security Intelligence.


Incorporated on Sept. 28, 1991, the first branch of Soneri Bank Limited
formally opened doors for operations in Lahore on April 16, 1992, followed by
the Karachi Branch on May 9, 1992. The bank now operates 123 branches spread
across Pakistan, including the Northern Areas of the country where no other
private bank has a presence. Expansion is based on a policy of maintaining a
balance between urban and rural areas, with a view to offering services even
in the remote areas of Pakistan.


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 60,000 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 and all other SAS
Institute Inc. product or service names are registered trademarks or
trademarks of SAS Institute Inc. in the USA and other countries. ® indicates
USA registration. Other brand and product names are trademarks of their
respective companies. Copyright © 2013 SAS Institute Inc. All rights reserved.


Kris Balic, 919-531-0624
Victoria Norvall, + 9714 4487600
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