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SAS tops retail banking credit risk management study for second year

SAS, the leader in business intelligence, repeats its lead position in Chartis Research’s “Credit Risk Management Systems 2008” for retail banking. The report touted the strengths of SAS® Credit Risk Management for Banking particularly for its data management capabilities, Basel II applications, flexible analytics, global presence/support, business intelligence, and financial stability and size.

The Chartis report forecasts the worldwide credit risk management systems market to grow to US$8.63 billion by 2012, at a steady 7% compound annual growth rate. The report examines the demand and supply side of the market for credit risk management systems and covers key market and regulatory requirements, implementation challenges and the competitive landscape. According to Chartis, the common factor among established leaders such as SAS “is the ability to offer multiple solutions across the ERM (enterprise risk management) spectrum and coverage across multiple assets/products.” Chartis states that “these integrated offerings provide significant value for financial institutions looking for a cost-effective ‘one-stop shop’ for a range of risk and compliance solutions.”

“SAS as a leader in both Chartis credit risk management and operational risk management reports underscores the need for financial institutions to operate integrated advanced risk analytics, reporting/dashboard and data management across their business lines,” said David Rogers, SAS’ Global Product Marketing Manager for Risk.