SASR ranked as a leader credit risk management systems market for fourth year
SAS® ranked as a leader credit risk management systems market for fourth year
Pune, India, Sep. 06th, 2010 — Chartis Research’s Credit Risk Management Systems 2010 ranks SAS, the leader in business analytics software and services, as a leader for the fourth straight year.
The report considers both demand and supply, covering market and regulatory requirements as well as the competitive landscape. The evaluation considered depth and breadth of functionality, flexible technology architecture, scalable sales and marketing strategy, implementation capability and ongoing innovation. Leaders such as SAS “offer multiple solutions across the enterprise risk management (ERM) spectrum and coverage across multiple asset classes and products.” The report observed that “integrated offerings provide value for financial institutions looking for a cost-effective one-stop shop for a range of risk and compliance solutions.”
“Financial services firms gain a competitive edge with faster and smarter technology,” said Peyman Mestchian, Managing Partner at Chartis Research. “Institutions look to SAS because they supply flexible and integrated risk management solutions that feature advanced BI and analytics to meet credit risk challenges. SAS solutions are developed to be an essential part to solving business problems.” Chartis Research estimates the global credit risk management systems market to grow to $8.63 billion by 2012 at a steady 7 percent compound annual rate.
“Progressive firms use analytical insight into credit processes and risk exposures to make strategic and tactical fact-based decisions that significantly improve performance and enhance the bottom line,” said David Rogers, SAS Global Product Marketing Manager for Risk. “SAS continues to deliver advanced credit risk management solutions within its evolving risk management framework, harnessing SAS’ award winning data management, analytics and reporting capabilities.”
In August 2010, SAS was also named a leader in Chartis’ Operational Risk & GRC Software Solutions 2010 report. SAS ranked first in Chartis’ RiskTech100TM rankings, listing the top risk technology vendors worldwide, in November 2009.
More than 200 financial services institutions use SAS for credit risk management, including Allied Bank (Pakistan), Banca delle Marche (Italy), BankWest (Australia), Barclays (UK), BB&T (USA), China Merchants Bank (China), CIMB Bank (Malaysia), Citibank Singapore (Singapore), EON Bank Group (Malaysia), Kookmin Bank (Korea), Minsheng Bank (China), Nottingham Building Society (UK), Swedbank (Sweden), Union Bank (USA), and Woori Bank (Korea).
About Chartis Research
Chartis is the leading provider of research and analysis on the global market for risk technology. Our goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. We help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology – (www.chartis-research.com).
About SAS India
SAS has been in India since 1997 and has two wholly owned subsidiaries in the country: SAS Institute (India) Pvt. Ltd. and SAS Research & Development. With a team of more than 600 technology and domain experts, SAS India operations are headquartered in Mumbai with regional offices in Bangalore, New Delhi and Pune. SAS works with organizations across Industries and offers them Business Analytics & Intelligence to fuel innovation and meet their business objectives. Year on year SAS has been leading the Advanced Analytics market in India with present market share of more than 51%. It has also been awarded as one of the best places to work for by the Great Places to Work institute. Information on SAS India operations can be found at www.sas.com/india
About SAS
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®. 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 © 2010 SAS Institute Inc. All rights reserved.
