Empowering Banking’s Future with SAS
In today's turbulent world with high living costs, SAS is committed to helping banks establish a technology foundation that enables simple, safe, and fair banking with rewarding outcomes. We enable digital transformation by offering a bank-wide perspective of every customer using advanced AI and Analytics. By utilising meaningful insights, SAS allows banks to deliver what customers really need in the moments that matter most.
However, the future of banking goes beyond the front end of customer experience, requiring a deep integration of customer-centricity into the bank’s mindset and approach.
SAS delivers proven value in the global banking industry, we can help you unlock AI and Analytics' vast potential for your digital transformation.
EVOLUTION IN BANKING THROUGH
2030 & BEYOND…
Watch the video to find out the 5 ways SAS is supporting exciting opportunities for banks.
A New Regulatory Landscape within Banking
Banks are increasingly using AI and machine learning models to make decisions in all areas of their business. However, these technologies must be used responsibly and are facing greater regulatory scrutiny than ever before.
Banks have trusted SAS to power their risk and regulatory calculations for decades and can work together to build a more robust banking system that delivers wider strategic advantages.
MRM Compliance Guide | SAS UK
The SS1/23 Challenge for Banking’s Model Risk Management
Compliance without Compromise
How banks can respond to MRM (SS1/23). Practically.
WHAT’S YOUR OBJECTIVE?
With the Banking landscape constantly evolving, it can be overwhelming to modernise while remaining compliant with regulatory challenges and aligning with ESG objectives. But it doesn’t have to be.
Choose an area of banking digital transformation in line with your business priorities and let’s get started reimagining your future.
-
Simplify Banking
-
Keep safe from fraud & financial crime
-
Create rewarding experiences
-
Responsible banking & risk management
-
Responding to trends reshaping banking
How can we simplify banking?
We help banks transform legacy processes by incorporating AI-driven decisioning into existing business processes. Driving operational efficiency and reducing costs through automation.
Banks can leverage real-time insights and analytics to identify changing consumer behaviours, and adapt to rapidly changing market conditions providing personalised, fast and high-quality services that customers expect as standard.
Cloud Analytics can help banks implement an efficient ModelOps strategy which is critical to unlocking the value of AI/ML and driving digital transformation.
Staying Safe from Fraud and Financial Crime
Our unique, hybrid analytic approach provides a single, end-to-end framework for better fraud detection and greater operational efficiency across multiple channels and products.
We can help banks chart a clear map of previously hidden correlations, patterns, and behaviours—data that they can harness to stop fraud early, before it spirals into a much bigger problem.
Understand customer behaviour in real-time, and detect suspicious behaviour without impacting customer experience.
Create Rewarding Experiences with SAS
Gain a deep understanding of customer needs using advanced analytic techniques with embedded AI, that drives mutual value, strengthens loyalty and secures organisational resilience. SAS enables banks to deliver dynamic customer journeys with an omnichannel analytics hub, that provides a 360-degree view of individual customer interactions.
We help banks sense real-time customer sentiment to continually improve the customer experience. Unconscious bias is removed from decision-making processes to ensure all customers are treated fairly.
Responsible Banking & Risk Management
The key to reducing loan losses is to implement an integrated, quantitative credit risk solution. SAS can accommodate a path to more sophisticated risk management measures that ensure capital reserves appropriately reflect the risk profile.
Anticipate and react to economic factors through effective risk measurement. Easily adapt to changing regulatory requirements, and proactively manage regulatory risk with a single, end-to-end risk management environment.
We provide an integrated ecosystem that empowers banks to manage the entire model lifecycle, while still ensuring end-to-end transparency, governance, and auditability throughout the lifecycle.
Trends Reshaping Banking
Despite ongoing global challenges in 2023, SAS has helped banks to maintain strength and resiliency through advanced analytics and AI.
Analytics stands at the core of responsible banking, helping to drive ESG initiatives and balance purpose and profitability. Banks must continually act as a force for good and ensure fair banking for all customers
Banking in 2035: Purpose Driven Banking
SAS & The Economist's recent research outlined five megatrends for financial services over the next decade.
Purpose-driven banking was a key research finding, and focuses on the wellbeing of customers, communities, employees and the environment. With increasing scrutiny into environmental, social and governance (ESG) disclosures, banks will now need to be capable of analysing and reporting on how their activities align with their sustainability goals.
The research considers how banks can make tangible change in the decade to come, and outlines the 5 most effective strategies for banks to do this:
Banking in 2035 Video Trailer
Banking in 2035 full research report
76%
of executives believe that banking sector is obligated to address societal issues
SAS in the Banking Industry – Facts & Figures
>3,500
financial services customers worldwide
>90%
of the top 100 global banks use SAS
92
countries with banks using SAS
