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SAS® Financial Services News SAS
First Quarter 2013  |  subscribe  |  unsubscribe
B&N Bank Meets Basel II Regulations with SAS® »
"When the national supervisor authorizes the application of the advanced method for estimation of capital at risk, the implemented system will help us save money through size reduction of the capital reserved for operational risks, while complying with the N1 capital adequacy indicator," says Rustam Bedredinov, Director, Operational Risk Management.
SAS Ranks No. 2 on 2013 FORTUNE List of Best Companies to Work For in the US »
SAS has extended its streak with a No. 2 seat in 2013. Last year, SAS ranked No. 1 on the elite "Top 25 World's Best Multinational Workplaces" list from Great Place to Work®. SAS ranked No. 3 on the FORTUNE 2012 Best Companies to Work For list in the U.S., and No. 1 on the U.S. list in 2010 and 2011.
Chartis Research Again Ranks SAS® Enterprise GRC a Category Leader »
"SAS' high score is due to its advanced analytics, powerful data management and workflow capabilities and the ability to provide deep functionality for both financial and non-financial risk management and compliance," said Peyman Mestchian, Managing Partner at Chartis "We were particularly impressed by examples of live projects for large complex financial institutions with sophisticated next generation technology solutions."
SAS Expands Offerings to Detect Fraud, Recover Funds »
"Security and fraud risk exposure is increasing as organizations are threatened at multiple points of vulnerability," said Avivah Litan, VP and Distinguished Analyst at Gartner. To help customers win the battle, SAS is expanding its  Security Intelligence  initiative, creating a new R&D division focused on solutions and capabilities for fraud and compliance.
With SAS®, Creditreform Boosts Credit Rating Quality, Forecasting »
Creditreform makes more than 24 million credit reports from 26 countries in Europe and from China. SAS' high-performance solution helps Creditreform quickly detect relationships within those high data volumes and present results in easy-to-read graphics. SAS Visual Analytics simplifies the process, so every Creditreform employee can use the software without training.
Banking on Analytics »
Big data - ranging from financial transactions to customer, operational and regulatory data - offers big challenges and big opportunities. Using high-performance analytics, banks can turn their big data into pertinent new business insights that guide faster, better decisions. As a result, banks can successfully manage risk, retain profitable customers, improve operational efficiency and differentiate themselves in the marketplace for competitive advantage.
Why Banks Struggle with Counterparty Risk Management »
To make an impact, counterparty exposures, risk sensitivities and trading events must be monitored intraday, and CVA must be allocated in near real time as trades are executed. The requirement to deal with counterparty risk in near real-time creates significant difficulties for many banks. Jeff Hasmann examines the difficulties and solution.

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Beyond Compliance – Added Value in a Solvency II Implementation »
Solvency II implementation costs may shave a few cents off earnings per share, but this cost should be balanced by the benefit of a more consistently transparent set of reporting requirements. This valuable information will lead to improved economic planning and insight, and the ability to embed early-warning mechanisms.
Predictive Analytics Can End the Isolation »
"Tucked in the claims data is a rich, mostly untapped vein of unstructured data." Read this Property Casual 360 article by Stuart Rose to learn how predictive analytics can help you tap into this resource (e.g., adjuster notes, emails, medical records, and police reports).
M-Payments: A Highway for Terrorist Financing »
More and more, m-payments are becoming an attractive alternative to brick and mortar banks, especially to criminals and criminal organizations - as a means to launder money and transfer illicit value.
Fighting Organized Insurance Fraud »
A recent study conducted by the Coalition Against Insurance Fraud and SAS points out that a major challenge in detecting organized insurance fraud is ensuring claims are not viewed in isolation. Insurers need good data for this. Dennis Toomey discusses requirements for a technology-based fraud detection solution.
R.I.S.K. – Risk Management for the Future »
Chris Skinner says that CROs have failed in their role of managing risk. But, he doesn't believe CROs are at fault; "faulty models, ineffective risk systems and a complicated market are the culprits."
CRO: Your Risk Appetite Challenge »
According to Boaz Galinson from Bank Leumi, it's essential for CROs to define a risk appetite – the amount of risk embedded in the strategic plan. The challenge, he says, is translating that strategy into lower-level actionable plans, decisions and actions. A risk management culture, based on an enterprise risk tolerance statement, can be the most challenging tasks CROs face.
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