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Sky Financial Group and SAS tackle money launderingCARY, N.C. (Mar. 15, 2006) – Sky Financial Group has chosen SAS® Anti-Money Launderingto strengthen its anti-money laundering (AML) program. Sky will use the solution from SAS, the leader in business intelligence, to help adhere to the regulations of the USA PATRIOT Act. “SAS delivers a superior AML solution that is built on SAS’ leading analytic and data management technology,” said William Ward, vice president and director of security at Sky Financial Group. “Compared with other vendor offerings, SAS was clearly the best choice for us because of the solution’s functionality and compatibility, and our ability to customize the technical architecture.” During its comprehensive vendor review process, Sky executives were impressed with SAS’ reputation and financial stability which influenced their decision to select SAS Anti-Money Laundering. The financial services company was also pleased with the IT support from SAS and the value offered by the solution. “The user interface of the SAS solution was simple and easy to understand while the solution’s workflow was seamless and uncomplicated,” said Ward. Eventually, Sky plans to extend the framework of the solution to address other business issues throughout the enterprise, such as fraud, risk management and marketing initiatives. SAS Anti-Money Laundering tracks transactions across all products, channels and lines of business to ensure a comprehensive view of each customer. The highly scalable detection engine within SAS Anti-Money Laundering provides superior detection functionality to enable reporting of potential criminal financial activities efficiently across the entire organization. The transaction monitoring and analysis process within the SAS solution uses easily refined detection measures and logic to report exceptions more accurately throughout the enterprise. SAS Anti-Money Laundering empowers Sky to comprehend and examine suspicious patterns within client transactions – an essential capability for the company’s anti-money laundering effort. In addition, SAS provides a user group for its anti-money laundering customers, enabling them to share best practices and knowledge as a community. About Sky Financial Group, Inc.Sky Financial Group is a $15.7 billion diversified financial holding company with its headquarters located in Bowling Green, Ohio. Sky’s asset size places it among the 40 largest publicly held bank holding companies in the nation. Sky operates more than 290 financial centers and 300-plus ATMs serving communities in Ohio, Pennsylvania, Michigan, Indiana and West Virginia. Sky’s financial service affiliates include: Sky Bank, commercial and retail banking; Sky Trust, asset management services; and Sky Insurance, retail and commercial insurance agency services.
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