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SAS hailed as software leader in operational risk management for third straight yearChartis Research study highlights SAS® OpRisk Management capabilitiesCARY, NC (May 29, 2007) – SAS, the leader in business intelligence, has been ranked as the leader for the third consecutive year by Chartis Research in its “Operational Risk Management Systems 2007” report. Chartis started this global study in 2005 and has positioned SAS® OpRisk Management in the top spot for “completeness of offering” and “market share potential.” Chartis forecasts the worldwide operational risk management (ORM) market to grow to US $1.55 billion by 2011. The Chartis report is the most comprehensive independent study of the specialized ORM marketplace, looking at both the demand and supply sides of the market. It covers the main market and regulatory requirements as well the competitive landscape. The evaluation examined a vendor’s core functionality, data management capability, vendor characteristics, implementation process, user friendliness, complexity, customizability/flexibility and costs. “SAS is honored to receive Chartis’ top ranking for operational risk management,” said David Rogers, SAS’ Global Product Marketing Manager for Risk. “Institutions are looking for a technology provider that addresses regulatory compliance within a fully integrated enterprise risk management framework while delivering bottom-line business benefits.” Rogers further explained that “institutions, especially top-tier banks, are cautious about investing further in traditional silo solutions and are, therefore, looking to consolidate their operational risk and compliance systems into a single, integrated technology platform. In addition to its global presence, SAS is best positioned to meet this market requirement because of its comprehensive risk intelligence platform.” SAS OpRisk Management is an end-to-end solution built on the industry-leading SAS Enterprise Intelligence Platform. With powerful data management, analytics, and regulatory reporting and disclosure capabilities, SAS OpRisk Management helps institutions optimize capital allocation while mitigating risks in all areas of their organizations. Please visit SAS Risk Intelligence for more information. SAS also ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report released in December 2006. Currently, more than 200 financial services institutions use SAS® for credit risk and operational risk management. SAS’ customer list includes institutions such as Bankdata (Denmark), BB&T (USA), Caisse Nationale des Caisses d’Epargne (France), Commerzbank (Germany), HSBC (UK), HypoVereinsbank (Germany), Kookmin Bank (Korea), Landsbanki (Iceland), Northern Rock (UK), Raiffeisen Zentralbank (Austria), Volkskreditbank AG (Austria) and Vseobecna Uverova Banka (Slovakia). [Source: “Operational Risk Management Systems 2007,” Chartis Research, May 2007.] [Source: “RiskTech 100: A comprehensive market assessment of the top 100 risk technology firms, 2006,” Chartis Research, November 2006.] About Chartis ResearchChartis Research is the leading provider of research and analysis on the global market for risk technology. Our goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. We help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. www.chartis-research.com
SAS is the leader in business intelligence and analytical software and services. Customers at 43,000 sites use SAS software to improve performance through insight from data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products and processes. Only SAS offers leading data integration, storage, analytics and business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world
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