Transforming big data into big business value highlighted

SAS, the leader in business analytics software and services, hosted an exclusive event for banks in the city Monday.

SAS Banking Conclave 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. 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.

A total of 16 banks operating in Bangladesh participated in the workshop including Islami Bank Bangladesh, City Bank, Mercantile Bank, Eastern Bank Ltd, One Bank, IFIC, BASIC Bank, AB Bank, MTB, Midland, State Bank of India, Lanka Bangla Finance, Commercial Bank of Ceylon.

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."