SAS a category leader in Basel III technology – Chartis Research

SAS® Risk Management for Banking, in-memory analytics rank high

SAS is a category leader in Chartis Research's inaugural "Basel 3 Technology Solutions 2012" report. SAS, the leader in business analytics software and services, was in the leaders’ quadrant for "completeness of offering" and "market-share potential."

This report covers technologies required for Basel III compliance and adaptation, including data models, flexible and real-time analytics, capital calculation engines, and specific technology support for risk and finance integration, liquidity risk and counterparty credit risk.

"Category leaders are risk technology vendors that have the necessary depth and breadth of functionality, technology and content, combined with the organizational characteristics to capture significant market share," said Peyman Mestchian, Managing Partner at Chartis Research. "SAS' existing success as a global Basel II solution provider and its recent investments in high-performance computing and risk analytics position it as a leader in the Basel III marketplace."

Chartis reviewed SAS® risk technology and solutions including SAS High-Performance Risk and SAS Risk Management for Banking, an enterprise solution addressing credit risk, market risk, asset liability management and firmwide risk. SAS Risk Management for Banking is built on an integrated data structure for all applications. Chartis noted SAS' strengths and differentiators as "data management and having a detailed banking data model" for a consolidated view of risk.

A banking-specific data model, SAS Detail Data Store, provides information for the risk data warehouse. By eliminating or reducing data inconsistencies through comprehensive data management, SAS increases control over and ownership of risk management data.

Chartis reports that providers with a single platform offer increased efficiency, stating, "reducing IT expenditure is a common requirement across the financial services industry and therefore improving risk management while reducing cost is seen as the holy grail for many financial institutions." Another factor is "the inherent need to create a centralized high-quality risk or finance data repository, with common definitions and common structures and associated auditability."

Chartis highlighted the advantages of "in-memory analytics to support a real-time and on-demand approach to risk management" within the SAS solution for use with on-demand stress testing, real-time aggregation for liquidity and counterparty credit risk areas. In regards to credit value adjustment (CVA), the report valued in-memory analytics for use with a real-time CVA data hub for incremental CVA updates, noting that "SAS' CVA infrastructure is also open enough to respond to the changing requirements and allows users to move from the standardized approach to the advanced approach."

"For financial services organizations to better manage regulatory risk in an integrated fashion, they must understand how risks are interlinked and how links affect business," said David Rogers, SAS Global Product Marketing Manager for Risk. "With SAS, firms fine-tune their enterprise risk management strategy to help address regulatory compliance and drive better business decisions."

In June 2012, SAS Risk Management for Banking received the Risk Management Technology award in the Innovation in Banking Technology Awards 2012 by The Banker. 

To learn more about SAS Risk Management for Banking, please visit our solution page.

О компании SAS

Компания SAS является крупнейшей в мире частной IT-компанией, специализирующейся на разработке и продаже решений и услуг в области бизнес-аналитики

Компания основана в 1976 году, и сегодня в ее офисах по всему миру работают более 14 тысяч сотрудников. В течение 41 года доход SAS постоянно возрастал и в 2016 г. достиг 3,2 млрд долларов. Клиентами SAS являются более 83 тысяч организаций в 158 странах мира. Среди них – 94 компании из первой сотни лидеров, включенных в список «2016 FORTUNE Global 500®». По данным IDC на середину 2017 года, SAS занимает около 30,5% мирового рынка углубленной аналитики.

В России и странах СНГ компания SAS начала работу в 1996 году. Заказчикам компания SAS предлагает полный спектр решений и услуг в области бизнес-аналитики: консалтинг, внедрение, обучение и техническую поддержку. Клиентами SAS в России и СНГ являются все 10 крупнейших российских банков (Сбербанк России, ВТБ, Газпромбанк и др.), РЖД, «Аэрофлот», лидеры рынка розничной торговли (X5 Retail Group, Азбука Вкуса и др.), крупнейшие компании из телекоммуникационного и топливно-энергетического секторов, государственные организации.

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