SAS a leader in credit risk management for third year
CARY, NC . – SAS, the leader in business analytics software and services, maintains a leader position in Chartis Research’s Credit Risk Management Systems 2009 report for the third straight year.
Chartis estimates the global credit risk management systems market to grow to $8.63 billion by 2012 at a steady 7 percent compound annual rate. The report examines both demand and supply, covers key market and regulatory requirements, implementation challenges and competition. According to Chartis, established leaders such as SAS demonstrate “the ability to offer multiple solutions across the ERM (enterprise risk management) spectrum and coverage across multiple assets/products.” Additionally, “these integrated offerings provide significant value for financial institutions looking for a cost-effective ‘one-stop shop’ for a range of risk and compliance solutions.”
“SAS continues to rank as a leader with its credit risk management solutions and ERM software and services,” said Peyman Mestchian, Head of Advisory Board at Chartis. “SAS strives to go beyond Basel II with its integrated risk and compliance management offerings and encourages financial institutions to operate integrated advanced risk analytics, reporting/dashboard and data management across their business lines.”
The evaluation considered depth and breadth of functionality, flexible technology architecture, scalable sales and marketing strategy, implementation capability and ongoing innovation. SAS was deemed “particularly strong with respect to range of offerings covering Basel II, credit rating/scoring, trading book and banking book risk management, credit fraud, credit portfolio management, limit and exposure management and stress testing.” Chartis highlighted SAS for its “strong international sales and marketing channels,” and for demonstrating “an ongoing flow of new product innovation for several years.”
“SAS emphasizes innovation in credit risk, not only to meet regulatory and economic demands but as part of a firmwide view incorporating other risk measurements,” said David Rogers, SAS Global Product Marketing Manager for Risk.
SAS® Credit Risk Management includes SAS Credit Risk Management for Banking and SAS Credit Scoring for Banking. Incorporating data aggregation, analytics and reporting, its open, extensible environment comprises complete capabilities for retail credit scoring, corporate credit rating and credit portfolio risk management. SAS risk offerings are transparent and auditable, facilitating internal and regulatory as required by Basel II and other regulations. The underlying credit risk data model consolidates data from disparate sources, supporting faster implementation.
Chartis also ranked SAS the leader for the fifth consecutive year in Operational Risk Management Systems 2009 report (June 2009).
More than 200 financial services institutions use SAS for credit risk management, including Allied Bank (Pakistan), AXA Bank (Belgium), Banca delle Marche (Italy), Banca Intesa (Italy), BB&T (USA), BNL - Gruppo BNP Paribas (Italy), China Merchants Bank (China), CIMB Bank (Malaysia), Citibank Singapore (Singapore), EON Bank Group (Malaysia), Swedbank (Sweden), Union Bank (USA) and Zagrebacka Bank (Croatia).
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