SAS® business analytics pay off for world's largest bank-led credit data consortium, PECDC
SAS, Capgemini providing analytics for data and credit risk management
PECDC, the global bank credit data consortium, will optimize the delivery of credit risk data to members using business analytics from SAS, the leader in business analytics software and services, and Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services. Netherlands-based PECDC is a cross-border initiative of 33 member banks operating in Europe, North America, Africa, Asia and Australia.
PECDC sought best-in-class financial software, expertise, hosting and help-desk services to help increase member-bank value. The joint project implements SAS' flexible, cost-effective software, with Capgemini leading the implementation of the solution as PECDC's data agent. PECDC member banks feed default data biannually to Capgemini, creating the world's largest existing loss-and-recovery data set for commercial loans. Its database contains almost 40,000 facility default records from 26,000 debtors across 120 different countries since 1990.
"Through Data Agent Services, SAS and Capgemini offer a fully automated, real-time data collection and analysis infrastructure for maximum risk insights," said Philip Winckle, PECDC Chairman. "Partnering with SAS and Capgemini gives PECDC the software and services it needs to serve existing member banks while attracting new ones."
Created "by banks, for banks," PECDC provides its members with high-quality, standardized and transparent historical data to better manage credit risk portfolios. Integrating SAS® Analytics and SAS Data Management, SAS Enterprise BI Server helps PECDC simplify and accelerate business intelligence deployment via role-based, self-service interfaces for all levels of users across all member banks. SAS Enterprise Data Integration Server lets PECDC access all data sources and create real-time data integration in support of service-oriented architectures.
"SAS and Capgemini cover everything PECDC needs for success. Powerful business analytics from SAS offer a superior user environment," said Mikael Hagstrom, Executive Vice President for SAS Europe, Middle East, Africa and Asia Pacific. "With Capgemini, we can easily transition PECDC from traditional on-site deployment to on-demand and private cloud hosting."
Capgemini worked with SAS and PECDC to implement the SAS software-based platform. PECDC members will upload their new data with Capgemini assistance, and Capgemini will also provide infrastructure and application management services. Additionally, Capgemini will support member banks performing automated data quality validation to identify critical conditions set by PECDC.
"The analytics support that we provide leveraging SAS technology will deliver to PECDC and its members greater insight into their client portfolios. Capgemini and SAS together will help PECDC grow its member base and provide high-quality analytical services and solutions," said Marc Zimmerman, Capgemini Senior Vice President and Global Head of Financial Services Business Information Management (BIM).
Today's announcement came at The Premier Business Leadership Series event in Amsterdam, a business conference presented by SAS that brings together more than 700 attendees from the public and private sectors to share ideas on critical business issues.
PECDC (previously known as Pan European Credit Data Consortium) is a cross-border data-pooling initiative to help measure and actively manage credit risk. PECDC has been created by its Member-banks to provide them with a collection of historical loss data, analysis and research resource, due to contribute to a better understanding of credit risk; PECDC promotes the quality, the standardization and the transparency of data, thereby improving these banks' ability to actively manage the credit risk of their portfolios. Through its Methodology Committee and the active participation of its Member-banks, PECDC provides an international forum for exploring the intricacies of credit risk management and sharing of best practice. The Association works on a "Give to Get" basis: Rather than "shareholders' value," the active participation of its Member-banks creates "membership value" for each one's immediate benefit.
With more than 120,000 people in 40 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2011 global revenues of EUR 9.7 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business Experience™, and draws on Rightshore®, its worldwide delivery model. Learn more about us at www.cap gemini.com.
Rightshore® is a trademark belonging to Capgemini
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