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SAS named leader in innovation for Operational Risk Management09 December 2008 - SAS, the leader in business analytics, has won the award for the best and most innovative solution in the category of Operational Risk, from Financial-i Magazine’s Leaders in Innovation awards. The title was awarded to SAS for innovation in terms of its business strategy, the continued development of its Operational Risk Management software, and its superior ability to solve customers’ risk-specific issues. The Leaders in Innovation awards provide recognition for banks and software and hardware vendors that deliver business solutions in wholesale transaction banking. “This is the second consecutive year that SAS has won the top title for best Operational Risk Management software, which is a testament to our superiority in the Op Risk space for the banking industry”, says Alastair Sim, SAS’ Global Director for Risk. “We pride ourselves on offering integrated risk solutions that can address customers’ risk intelligence needs and offer a more transparent, enterprise-wide view. This is especially crucial within the current economic climate, with the increased need for banks to improve their ability to manage operational risks; if not only as part of business improvement, but also as part of tighter governance in the future. SAS’ software is helping organisations safeguard against the current conditions and get ahead of the curve. We’re overjoyed that our ability to meet the needs of our customers has been specifically recognised by this award.” Anita Hawser, Managing Editor of Financial-i magazine says: “Leaders in Innovation is not about rewarding the banks and vendors with the largest market share or the most revenue. Although some companies may be pioneers in their space, our awards are about recognising those companies that demonstrate an ongoing commitment to innovation.” She goes on to say: "Our advisory panel believed that SAS was the strongest contender out of companies shortlisted in the Operational Risk category, due to the configurability of its Operational Risk suite as well as its quantitative and qualitative capabilities in the Op Risk space." SAS® OpRisk Management is a complete 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 optimise capital allocation while mitigating risks in all areas of their organisations. 2008 has been another highly successful year for SAS’ Operational Risk Management software. Most recently, SAS was ranked first for operational risk in Chartis Research’s RiskTech 100 report and was placed in the leaders quadrant of the Magic Quadrant for Operational Risk Management Software for Financial Services by Gartner Inc. The momentum for SAS in the operational risk management space was also evidenced by the doubling of revenue growth in operational risk sales for 2007, increasing sales of SAS for anti-money laundering, and securing the leadership position in Chartis’ Operational Risk Management Systems 2008 for the fourth straight year.
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. With innovative business applications supported by an enterprise intelligence platform, SAS helps customers at 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world
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