SAS Risk Management For Banking Released

SAS has introduced the next generation of SAS Risk Management for Banking, a firmwide solution for risk management in the banking sector.

SAS’ fully integrated set of risk management applications cover asset and liability, market, credit and firmwide risk and economic capital calculations. The flexible framework lets banks introduce innovative risk measurements and models within a fully transparent and auditable environment.

A fundamental design goal for SAS Risk Management for Banking was a common risk platform for all applications, placing integration at the core. A banking-specific data model, SAS Detail Data Store for Banking, is the single source of all information for the risk data warehouse.

“The complexity, severity and interdependencies of enterprise risk management require an advanced, integrated and scalable infrastructure to protect the financial industry, investors and other stakeholders,” said David Rogers, Global Product Marketing Manager for Risk, SAS. “SAS Risk Management for Banking helps banks respond to the current and future risk challenges.”

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market