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Chartis Research hails SAS leader in credit risk management software

In its recent report "Credit Risk Management Systems 2007," Chartis Research positioned SAS as an established leader for credit risk. According to the report, SAS® Credit Risk Management for Banking is a key player in the areas of functionality, flexible technology architecture, and scalable sales and marketing strategy, emphasizing SAS' strength in data management, flexible analytics, global presence, business intelligence, and financial stability and size.

The Chartis report, which updates the company's 2006 "Credit Risk Management Systems - Basel II and Beyond," predicts a major surge toward integrated credit risk management in 2008, peaking in 2010-2011. The report covers key market and regulatory requirements, implementation challenges and the competitive landscape. According to Chartis, established leaders such as SAS have capitalized on Basel II, upgrading or extending their offerings to related areas and sustaining growth by leveraging their customer bases to move beyond Basel II.