Banca Transilvania will implement a SAS solution to cover all bank fraud detection and prevention needs. SAS is a leader in analytics solutions, which are based on advanced technologies and involve artificial intelligence / machine learning capabilities.

Statements:

Leontin Toderici, Deputy General Manager Operations, Banca Transilvania:

"With the global pandemic and lockdown periods, we have seen an increase in digital fraud attempts worldwide. The level of sophistication of these attempts is increasing, but Banca Transilvania is focused on fraud prevention through the use of cutting-edge technologies to continue providing impeccable and secure services to our clients. We are confident in our partnership with SAS and will continue to be the forerunner of digitization in the market."

Stefan Baciu, Country Manager SAS Romania & Moldova:

"We are happy and honored by our new partnership with Banca Transilvania. Our objective is to provide the necessary support to the bank for easy and fast interaction with customers, while maintaining a solid control over anti-fraud monitoring with a fast reaction time. We are fortunate to have a visionary partner like Banca Transilvania in this new journey and are committed to delivering another successful project."