With the impending arrival of fall comes a sense of urgency to accomplish the goals that have been set for 2006. It is also the time to look ahead and begin planning for 2007. This issue of SAS Financial Services News includes articles to help you stay the course as well as forge ahead. You’ll read about AML, operational risk, fair banking and more. And you’ll get access to resources designed to help you in your daily jobs. As always, please let us know if you have comments or suggestions for future newsletters.


SAS Offers Solutions as Insurance Industry Begins Dealing with AML Issues
The insurance industry is now dealing with issues that banking addressed a couple of decades ago. Information sharing, which had not been a top priority for insurance professionals, is now becoming a business essential. Companies must open the information floodgates within their organizations to best meet safety standards and to optimize operations for the future. Read more

For more on AML, download the
SAS® Anti-Money Laundering Information Kit.

Profitable Price Wars
To many people, personal insurance has become a commodity. Consequently, insurance companies have very few ways to differentiate their policies from those ordered by their competitors. Insurers differentiate themselves based on a few options such as accident forgiveness, their reputations for service and strength, and, most often, price. Read more of this article on ratemaking.

The Operational Risk Insurance Consortium
Three types of data are useful to measure and calculate operational risk: internal loss data, consortium data and external data (of publicly reported events). The Association of British Insurers and SAS have launched an initiative to provide thought leadership and a high-quality database drawing on these data sources to enhance the industry’s understanding of operational risk. Read more

For more resources on risk, download the
SAS® Risk Management Information Kit.

Successful Anti-Money Laundering Requires the Right Staff and Tools for the Job
Ricardo Bustamante, CIO of Banco de Crédito del Perú, attended the 11th Annual International Money Laundering Conference & Exhibition in March. While there, he spoke with SAS e-newsletter Editor Shelley Sessoms about AML and its implications for the banking industry. Read the entire Q&A.

Know Your Customer – The Key to Success in Retail Banking
“Getting it Right: Turning Customer Value into Competitive Advantage in Retail Banking” was the focus as key decision makers from the banking industry gathered in New York City in July. The conference, hosted by SAS, gave industry leaders a chance to explore and discuss findings from a survey conducted by Peppers & Rogers Group. The survey provided insight into the current use of customer value metrics and spotlighted the gaps in the use of valuable information to strengthen individual institutions and the industry as a whole. Read this seminar recap.

To download the Getting it Right: Turning Customer Value into Competitive Advantage in Retail Banking white paper from SAS and Peppers & Rogers Group, visit the Web.

SAS Claims Leadership for SOA Based on Intelligence Platform and Solutions

SAS® Operational Risk Management Software Extends Lead in Independent Rankings

Global Enterprise Risk Management Survey Builds Strong Business Case for Financial Institutions

SAS Named Best Anti-Money Laundering Solution Provider


The Risk of Uncertainty: Managing Communication and Change for Positive Action
Live Web Seminar
Sept. 26
11:00 a.m. – 12:00 p.m. ET

Sarbanes-Oxley, Basel II and a host of other systems can help you track goals and objectives for regulatory compliance, but how can you weather the implications of behavioral risk that can virtually wash out future growth? Find out during this Web seminar sponsored by SAS.

2006 RMA Annual Risk Management Conference
Oct. 21-24
Chicago
Industry leaders will come together at the Annual Risk Management Conference to help professionals like you more successfully identify, assess and manage credit risk, operational risk and market risk and shape new and more effective responses to these risks. Read more or register today.

SAS Presents BetterManagement LIVE Business Conference
Oct. 25–26
Las Vegas

Join industry thought leaders and your peers to learn how leading organizations are evolving their business practices and enhancing performance through more informed, forward-looking strategies and improved processes. Industry focus tracks include banking and insurance. This conference is for managers at the director level and above who work for companies with revenues of $500 million or more. Find out more.

Insurance & Technology Executive Summit
Nov. 5-8
Phoenix
At Insurance & Technology’s 8th Annual Executive Summit, an exclusive, invitation-only event for senior-level insurance executives, you will join a select group of your industry peers to pursue the concept of innovation and examine how to manage the risks of innovation, as well as reap the returns and rewards. Find out more.

Credit Risk Scorecards: Developing and Implementing Intelligent Credit Scoring
This book presents a business-focused process built on a solid foundation of statistical and data mining principles for the development and implementation of risk prediction scorecards. It describes how risk scorecards can be a powerful tool for risk managers who need to improve the bottom line in their organizations as well as how they can develop and implement these scorecards using internal resources. Read more or order online today!

Using SAS® in Financial Research
Researchers, graduate students and practitioners in the financial market now have the first reference-style handbook detailing the mechanics of statistical testing on financial and accounting data. This one-of-a-kind book illustrates how to use SAS software to conduct basic empirical analyses of stock market and financial statement data. Read more or order online today!

Have a question, comment or suggestion? Want to see something covered in the next SAS Financial Services News? Simply e-mail the editor.

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