SAS Risk Intelligence Earns Top Honours from OpRisk & Compliance Magazine

Magazine's Annual Compliance Software Ranking places SAS® OpRisk Management first in Governance Risk & Compliance, Regulatory Reporting categories 

SYDNEY, Australia  (11 Jun 2007)  –  SAS, the leader in business intelligence, today announced that OpRisk & Compliance magazine, a leading operational risk management and compliance publication, has named SAS® OpRisk Management as a first-place recipient in the magazine’s First Annual Compliance Software Ranking. The SAS software solution earned top honours in two categories: Governance Risk & Compliance and Regulatory Reporting Software. SAS OpRisk Management is a comprehensive solution that enables financial institutions to measure and manage operational risk in conformity with industry best practices and the New Basel Accord (Basel II). SAS OpRisk Management is one of several solutions in the SAS Risk Intelligence suite.

The compliance software rankings were based on an online survey of nearly 200 key industry executives, who were asked to rate their top five solutions across eight risk categories. Survey results were weighted and tallied by Incisive Research.

"SAS prides itself on offering an integrated operational risk and compliance platform to address our customers’ need for risk intelligence, offering a more transparent, enterprise-wide view," said David Rogers, SAS’ Global Product Marketing Manager for Risk. "To have our risk management solutions recognized and honored through these rankings clearly demonstrates that SAS is helping financial institutions meet the risk and compliance challenges facing them."

SAS has received several honours and awards for its risk intelligence solutions over the past year. Most recently, Chartis Research ranked SAS software as the leader in operational risk management for a third straight year. In January, Risk magazine, a leading global financial risk management publication, selected SAS Risk Intelligence as its 2007 software product of the year. SAS was ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report last December. SAS Anti-Money Laundering was selected by readers of Waters magazine as the best anti-money laundering solution provider in July 2006. 

Currently, more than 200 financial services institutions use SAS® for credit risk and operational risk management, including: Bankdata (Denmark), BB&T (USA), Caisse Nationale des Caisses d’Epargne (France), Commerzbank (Germany), Grupo Santander (Spain), HSBC (UK), HypoVereinsbank (Germany), Kookmin Bank (Korea), Landsbanki (Iceland), Northern Rock (UK), Raiffeisen Zentralbank (Austria), Volkskreditbank AG (Austria), Vseobecna Uverova Banka (Slovakia) and Woori Bank (Korea).

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