Ovum’s ‘Solution Guide to Credit Risk Management in Banking’ has named SAS as market leader. The Ovum report provides a summary of SAS credit risk management capabilities based on a quantitative assessment of SAS’ influence in the market, the quality and breadth of the provided functionality, and the underlying technology.
SAS was placed on the Ovum vendor shortlist because SAS delivers “robust, complete solutions that are able to support significant portions of the credit lifecycle and overall credit risk management. Moreover, these vendors have an established presence in and commitment to risk management and other areas in the banking industry,” according to the report.
Ovum reported: “SAS provides an exceptionally complete and robust credit risk management solution through the successful combination of underlying technologies and risk functionality. In addition, the strong focus on risk management provides a solid foundation for the vendor to become a strategic technology supplier in the long run for enterprises that are looking for an integrated approach to enterprise risk management. Consequently, Ovum believes that banks seeking to implement a credit risk management solution from which they can realise long-term value should shortlist SAS.”
SAS was also noted for scoring “the highest in the area of strategy and execution, and as the provider of a suite of tools that handles extracting, transforming, cleansing, and leading data to the credit risk warehouse. In addition, the vendor’s technology scored highest in terms of the ease and extent with which it can exist, combine, and work with the products, services, and solutions from other vendors.”
“The need to have a credit risk management solution that can adapt to meet the needs of evolving credit risk strategies has always been at the heart of the SAS risk architecture design,” said David Rogers, SAS global product marketing manager for risk. “The important thing is SAS can offer an open solution in which all dynamics can be followed and understood by risk analysts who can service information requests from stakeholders such as regulators and board members.”
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