SAS top-ranked in three Chartis RiskTech100 categories
CARY, N.C., Jan. 14, 2021 /PRNewswire/ -- For the 15th consecutive year, SAS has been named one of the top risk technology players in Chartis' global RiskTech100® 2021 report. The analytics leader ranked fifth overall, and its risk management solutions won three industry categories: Risk & Finance Integration, Model Risk Management and International Financial Reporting Standard 9 (IFRS 9).
"As financial and risk sectors shift under the influence of a variety of new dynamics, SAS' content business has remained strong in key areas, such as ALM and model governance, bolstering its strength in core risk markets," said Phil Mackenzie, Senior Research Specialist at Chartis. "SAS' inclusion as a top five industry player year over year since the RiskTech100's inception is an achievement no other vendor has attained and illustrates its long-standing innovation and industry expertise."
New platform helps streamline risk and finance management
"As organizations' needs change, models become more complex and regulatory demands increase, a centralized platform can deliver a comprehensive view of financial and non-financial risks and faster decisioning," said Martim Rocha, Global Head of SAS Risk Banking Solutions at SAS. "SAS Risk Stratum's built-for-purpose content, role-specific user experience and best-in-class, use-case-specific capabilities allow businesses to leverage their investment for diverse business needs. This empowers them to embed risk management into everyday processes and business strategies across the organization."
SAS a front-runner, per Chartis
Based on a broad set of industry and solution segments and success factors, SAS' upper-echelon placement in this year's ranking underscores high marks in functionality, core technology and market presence.
"The COVID-19 pandemic has put immense stress on risk management infrastructures, accentuating the need for more agility and modernized approaches to manage risk," said Rocha. "SAS' trio of category wins in Risk & Finance Integration, Model Risk Management and IFRS 9 – all of which sit atop the advanced SAS Risk Stratum platform – highlight the value of an integrated, single source of truth in risk and finance management frameworks."
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