|
SAS places No. 2 on the Chartis RiskTech100 2025
Friday, November 8, 2024
SAS' second-place finish in the world's most prestigious risk technology rankings is complemented by six solution category awards
CARY, N.C., Oct. 31, 2024 /PRNewswire/ -- SAS has again earned distinction as No. 2 on the Chartis RiskTech100(®) 2025. This marks the second consecutive year that the data and AI leader has placed second overall on the list, widely considered the preeminent annual ranking of the world's Top 100 risk management software and solution providers.
"The well-focused combination of its industry expertise, visionary decisioning strategy and rigorous integrated balance sheet management capabilities were key drivers to SAS' lofty placement in the 2025 RiskTech100," said Sid Dash, Chief Researcher at Chartis. "Its 2022 acquisition of Kamakura Corp. marked the beginning of a new era in SAS' long and storied history of risktech excellence. The advances it has made since strongly signal that SAS will remain at the forefront of innovation."
This marks the 20(th) iteration of Chartis' esteemed list. SAS is notably the only vendor that has placed in the Top 5 every year since the RiskTech100's 2005 debut.
"We, like our customers, are navigating a transformative time, where the pace of change is accelerating - and the pace of SAS' innovation along with it," said Stu Bradley, Senior Vice President of Risk, Fraud and Compliance Solutions at SAS. "For financial firms like banks and insurers, staying competitive in today's environment requires deploying advanced analytics to drive decisions and automation at scale. SAS will continue to push the envelope in developing risk solutions that deliver the insights and capabilities the market needs to tackle its most significant challenges."
Solution awards across the risk spectrum
SAS' robust portfolio of risk management solutions, all powered by SAS' high-performance, end-to-end data and AI platform SAS(®) Viya(®), also topped six Chartis solution award categories, including:
-- Artificial Intelligence for Banking. AI in banking is quickly morphing
from a nice-to-have to a non-negotiable tech necessity in areas like
risk and compliance, fraud and financial crime detection, customer
service, data management and more. For the second straight year since
this category award's debut, SAS claimed Chartis' top honors.
-- Balance Sheet Risk Management. After a nearly decade-long hiatus as a
risk management focus, rising interest rates and 2023's bank failures
returned this key component of asset and liability management to the
spotlight. SAS' capabilities in helping financial institutions manage
this complex, multidimensional facet of risk emerged as second-to-none.
-- Behavioral Modeling. A bank's ability to understand and forecast
customers' behaviors and interactions based on ever-changing factors is
critical to ensuring financial stability and consumer trust. According
to Chartis, SAS' AI- and machine learning-fueled statistical
functionality in this arena outperforms the competition.
-- Enterprise Stress Testing. Amid today's economic volatility, a bank's
ability to assess its stability and resilience against potential
worst-case scenarios is compulsory for effective risk management. SAS
topped Chartis' enterprise stress testing category for its
comprehensive solution for scenario analysis that addresses the entire
stress test production cycle and provides firms the ability to bring
risk and finance numbers together into a single view.
-- IFRS 9. While this set of accounting rules helps improve transparency
and consistency in banks' financial reporting, the computational
complexity and workflow sophistication required to comply with its
mandates is challenging. SAS' risk and finance integration experience
and domain expertise in this realm earned Chartis' utmost recognition in
this category.
-- Model Risk Management (MRM). Effective model risk management is
essential for safeguarding a bank's financial integrity and helping
ensure it operates in a responsible and compliant manner. SAS'
"three-peat" in taking this award for the third consecutive year is a
testament to its unparalleled capabilities in MRM - capabilities that
are integral to ensuring the accuracy, fairness and regulatory
compliance of the AI models that increasingly drive banks' core risk
functions.
Distinguished in the RiskTech100 and beyond
Only companies that sell their own risk management software products and solutions are eligible for the Chartis RiskTech100. Chartis scores candidate firms using a proprietary methodology based on functionality, core technology, strategy, customer satisfaction, market presence and innovation.
Beyond the RiskTech100, Chartis publishes more than 20 annual analyses of technology and solution market landscapes that span risk management and wider technologies. Among its 2024 vendor evaluations published to date, Chartis has recognized SAS in the following Chartis RiskTech Quadrants:
-- Credit Portfolio Management Solutions, 2024 - SAS named a Category
Leader. (Oct. 2024)
-- Anti-Money Laundering (AML) Transaction Monitoring Solutions, 2024 - SAS
named a Category Leader. (Oct. 2024)
-- Asset Liability Management (ALM) Solutions, 2024 - SAS named a Category
Leader in all six quadrants: ALM Solutions, FTP Solutions, LRM and
Reporting Technology Solutions, Capital and Balance Sheet Optimization
Solutions, Hedging and Risk Management Solutions, and Financial Planning
and Budgeting Solutions. (Oct. 2024)
-- Regulatory Reporting Solutions, 2024 - SAS named a Category Leader.
(Sept. 2024)
-- Analytical Accelerators and Tools, 2024 - SAS named a Category Leader in
both the Analytical Accelerators and Tools quadrants and the
Quantitative Development Environment quadrant. (Sept. 2024)
-- Enterprise and Payment Fraud Solutions, 2024 - SAS named a Category
Leader in both the Enterprise Fraud Solutions quadrant and Payment Fraud
Solutions quadrant. (Aug. 2024)
-- Pricing and Valuations Systems, 2024 - SAS named a Category Leader in
five quadrants: Integrated Pricing and Risk Management, Interest Rate
Derivates, Equity Derivates, Foreign Exchange, and Securitization. (July
2024)
-- Credit Risk Management Solutions, 2024 - SAS named a Category Leader in
both the Trading Book and Banking Book quadrants. (June 2024)
-- Chartis STORM50: Retail Finance Analytics25, 2024 - SAS ranked No. 1
overall and earned 10 category awards. (June 2024)
-- Chartis STORM50: Insurance Analytics25, 2024 - SAS ranked No. 5 and
secured two category awards. (June 2024)
-- Chartis STORM50: QuantTech50, 2024 - SAS ranked No. 4 and drew three
category awards. (June 2024)
-- Watchlist and Adverse Media Monitoring Solutions, 2024 - SAS named a
Category Leader in both the Name and Transaction Screening quadrant and
Adverse Media Solutions quadrant. (May 2024)
About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you 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 © 2024 SAS Institute Inc. All rights reserved.
SAS Editorial Contact:
Danielle Bates
danielle.bates@sas.com
+1 919-531-1959
sas.com/news
View original content to download multimedia:https://www.prnewswire.com/news-releases/sas-places-no-2-on-the-chartis-risktech100-2025-302293128.html
SOURCE SAS
|
|
|
|
Founder Shares Unforgettable Lessons After Spending $1 Million on a Domain Name | Jan 2, 2025
|
|
VPN.com CEO Michael Gargiulo Publishes New Forbes Article: Securing Your Domain Portfolio in the Event of Disability | Jan 2, 2025
|
|
Quest to Revolutionize Guest Journey Drives $72 Billion Revenue for Biometric Digital Identity in Travel and Hospitality | Jan 2, 2025
|
|
Government Services Prism Report Evaluates 120+ Digital Identity Vendors; Forecasts $202.5 Billion Revenue Opportunity for Biometric Digital Identity | Jan 2, 2025
|
|
QinetiQ US Awarded $31.5 Million Task Order to Support U.S. Army PEO IEW&S with Sensor and System Interoperability with Integrated Sensor Architecture (ISA) | Jan 2, 2025
|
|
Lockheed Martin Announces Fourth Quarter and Full Year 2024 Earnings Results Webcast | Jan 2, 2025
|
|
Schneider Electric India Recognized by Frost & Sullivan as the Indian Company of the Year 2024 | Dec 31, 2024
|
|
HealthQuest Capital Invests in Royal Health Inc to Accelerate Innovation in Radiology Operational Solutions | Dec 31, 2024
|
|
Tenant, Inc. and Storelocal Storage Team Up with OC Rescue Mission for Holiday Donation Drive | Dec 31, 2024
|
|
Climate and Energy Analytics Startup Sunairio Raises $6.4 Million to Help Energy Sector Navigate Unprecedented Grid Volatility | Dec 28, 2024
|
|
|
|