At the forefront of advanced analytics risk technologies, analytics giant SAS has been named a category leader in the Chartis RiskTech Quadrant® for Credit Risk Solutions (Banking Book).
SAS’ risk management solutions help banks cover all the bases – from comprehensively and securely viewing risk at all levels, to model risk management, to summarising and visualising tangible results for key stakeholder decisioning. Chartis highlights SAS’ integrated approach to regulatory and accounting reporting requirements such as CECL and IFRS 9, concluding in the report that “SAS supports every step of the credit risk model lifecycle in a holistic and interconnected way – through SAS® Risk Modelling, covering development, deployment and decisioning, and SAS Model Risk Management, a model governance platform, to manage, analyse and report on the model lifecycle.”
“SAS has helped modernise a changing financial services industry, offering solutions and features that boost efficiency and help solve credit risk challenges,” said Sidhartha Dash, Research Director at Chartis. “A long-time analytics pioneer, SAS’ core capabilities are a solid attribute to its credit risk components. SAS’ established, risk technology solutions demonstrate its maturity in analytics and attest to its dedication to innovation in the space.”
Chartis evaluated risktech vendors’ completeness of offering in analytics, data management, risk data aggregation and allocation, enterprise stress testing and scenario management, and reporting and visualisation.
“With credit risk functions being the gate-keeper of lending from both a prudential and conduct perspective, effective credit risk management continues to be at the heart of modern-day banking,” said Miles Elliott, Head of Risk, SAS UK & Ireland. “Before, during and after the global financial crisis, SAS has been a critical enabler for risk functions to devise, develop, deploy, visualise and govern best in class risk management practices. It’s therefore great to see that this depth of capability continues to receive market wide recognition.”