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SAS hailed as software leader in operational risk management for third straight year

SAS, the leader in business intelligence, has been ranked as the leader for the third consecutive year by Chartis Research in its “Operational Risk Management Systems 2007” report. Chartis started this global study in 2005 and has positioned SAS® OpRisk Management in the top spot for “completeness of offering” and “market share potential.”

Chartis forecasts the worldwide operational risk management (ORM) market to grow to US $1.55 billion by 2011. The Chartis report is the most comprehensive independent study of the specialised ORM marketplace, looking at both the demand and supply sides of the market. It covers the main market and regulatory requirements as well the competitive landscape. The evaluation examined a vendor’s core functionality, data management capability, vendor characteristics, implementation process, user friendliness, complexity, customisability/flexibility and costs.

“SAS is honoured to receive Chartis’ top ranking for operational risk management,” said David Rogers, SAS’ Global Product Marketing Manager for Risk. “Institutions are looking for a technology provider that addresses regulatory compliance within a fully integrated enterprise risk management framework while delivering bottom-line business benefits.”

Rogers further explained that “Institutions, especially top-tier banks, are cautious about investing further in traditional silo solutions and are, therefore, looking to consolidate their operational risk and compliance systems into a single, integrated technology platform. In addition to its global presence, SAS is best positioned to meet this market requirement because of its comprehensive risk intelligence platform.”

SAS OpRisk Management is an end-to-end 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. Please visit SAS Risk Intelligence for more information.

SAS also ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report released in December 2006.