SAS risk management technology ranked first in Chartis RiskTech 100 report for second straight year
CARY, N.C., October 19, 2007 --SAS, the leader in business intelligence, was ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report for a second straight year. The report, an overall market assessment of the top risk technology vendors, examined each vendor’s functionality, core technology, organizational strength, customer satisfaction and market presence.
"This is the latest in several top rankings that SAS has received this year in recognition of its risk management solutions," said David Rogers, SAS’ Global Product Marketing Manager for Risk. “It’s an honor to have SAS’ core technology touted as a leader in the risk market and is a critical foundation for effective enterprise risk management.”
The Chartis report targeted SAS as “a required shortlist candidate for every tender, RFP [Request for Proposal] or competitive selection process for enterprise risk technology in the financial services industry.” The report reiterated “SAS’ … key strength is its superior data management and risk analytics capabilities, providing the ability to offer a true end-to-end solution.”
While Chartis highlights both SAS® Credit Risk Management for Banking and SAS OpRisk Management as software market leaders, SAS also provides offerings that address market risk, fraud, anti-money laundering, actuarial risk and energy risk.
The RiskTech 100 core technology category examined each vendor’s capabilities in data management, risk analytics and reporting. With SAS’ “’best-in-class’ core technology,” Chartis noted that due to “the data intensive nature of risk management, and the requirements for complex statistical calculations …. SAS has had a competitive advantage over some of the generic enterprise technology and specialist firms.” Again, SAS was highlighted as “very strong in the areas of data integration, data storage for analytics and data quality management.”
In risk analytics, Chartis called SAS an “industry leader in performing complex analysis of large amounts of data” with SAS’ “optimisation routines and data handling capabilities … [providing] superior performance (time and cost) over most of its competitors.”
For reporting technology, Chartis again recognized that “SAS’ business intelligence (BI) capabilities provide a flexible environment for customers to define and generate risk measurement and monitoring information” which “facilitate a two-way interaction between users and systems allowing for risk diagnostics, scenario analysis and key risk indicator monitoring.”
SAS has received several honors and awards for its risk intelligence solutions over the past year. Most recently, Chartis Research positioned SAS as an established leader in its “Credit Risk Management Systems 2007” report. Also, Chartis ranked SAS software as the leader in operational risk management for a third straight year. In June, SAS OpRisk Management was named as a first-place recipient in the OpRisk & Compliance magazine’s First Annual Compliance Software Ranking. Also, Risk magazine, a leading global financial risk management publication, selected SAS Risk Intelligence as its 2007 software product of the year in January.
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), Raiffeisen Zentralbank (Austria), Volkskreditbank AG (Austria), Vseobecna Uverova Banka (Slovakia) and Woori Bank (Korea).
To download the full RiskTech 100 report for free, please visit www.chartis-research.com.
[Source: “RiskTech 100: A comprehensive market assessment of the top 100 risk technology firms, 2007,” Chartis Research, October 2007.]
About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. Their goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis analyses the systems, products, vendors, applications and trends in the risk technology marketplace. This analysis is published in our flagship industry reports, white papers and research articles. Areas of focus include: Credit Risk Management Systems; Operational Risk Management Systems; Fraud Management Systems; Enterprise Risk and Compliance Management Systems; and Corporate Governance and Risk Management Methodologies and Best Practices. 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 THE POWER TO KNOW®. www.sas.com
SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2007 SAS Institute Inc. All rights reserved.
|DSS Home | About Us | Contact Us | Site Index | Subscribe | What's New|
|Copyright © 1995-2015 by D. J. Power (see his home page). DSSResources.COMsm is maintained by Daniel J. Power. Please contact him at djpower1950 at gmail.com with questions. See disclaimer and privacy statement.|