Chartis tabs SAS as a leader in asset liability management
Friday, December 13, 2024
SAS earns top designation in all six quadrants of the Chartis ALM Solutions, 2024 report
CARY, N.C., Dec. 5, 2024 /PRNewswire/ -- For the second consecutive year, Chartis Research has named SAS a category leader across its ALM Solutions, 2024 report. Among 25 asset and liability management (ALM) solution providers evaluated in the headlining ALM solutions quadrant, SAS scored highest in overall completeness of offering. SAS also earned the only five-star, best-in-class rating for capabilities and breadth of optimization in the ALM solutions quadrant.
The strong showing for SAS(®) Asset and Liability Management is further confirmation of the data and AI leader's growing prowess in the ALM market since its 2022 acquisition of Kamakura Corporation, which Chartis Research Director Sidhartha Dash called at the time "a powerful combination for solutions across the entire balance sheet." Months before Silicon Valley Bank's collapse galvanized finserv leaders' focus on long-underestimated interest rate and liquidity risks, the acquisition catalyzed significant advancement in SAS' ALM and integrated balance sheet management innovation.
"SAS had the foresight to invest and continues to strengthen its position in the ALM market, as Chartis' latest analysis reflects," Dash said of the new report. "The integration of Kamakura's robust capabilities into SAS' broad risk management solutions portfolio on SAS(®) Viya(®) brings to market a unified, AI-powered platform capable of integrating data and decision making across ALM and other risk domains.
"SAS has made a sustained commitment to ALM research and development, and it shows. Its robust optimization engine; sophisticated decisioning tools; and comprehensive, intuitive advanced analytics tools all contributed to its position as a category leader in all six quadrants of this report. And the ongoing integration of Kamakura's expertise in areas like funds transfer pricing will only further enhance SAS' offerings and market presence."
From ALM to liquidity risk management to financial planning, SAS is an established leader
In addition to the four RiskTech Quadrants included in last year's ALM report, Chartis evaluated two new ALM solution categories - hedging and risk management solutions along with financial planning and budgeting solutions.
Digging into Chartis' quadrant report reveals that SAS scored best-in-class ratings in seven different criteria. Associated vendor analysis extols SAS' features and capabilities across the report's six categories:
-- ALM solutions. Among 25 vendors evaluated, Chartis distinguished SAS
with best-in-class ratings for two criteria: interest rate modeling, and
capabilities and breadth of optimization. "SAS' integration of Kamakura
into the SAS Viya platform has significantly enhanced [its] market
presence and potential," Chartis wrote. "The integration of its features
and functionalities offers substantial benefits to existing customers,
providing a competitive edge in the marketplace. SAS' customers can also
take advantage of integration with cloud-native solutions within the
broader ALM ecosystem, including tools for expected credit loss and
regulatory capital."
-- Funds transfer pricing (FTP) solutions. Since last year, SAS improved
its standing in both completeness of offering and market potential,
amassing the second-highest set of criteria ratings among the 23
solution providers evaluated. Chartis called SAS "a significant player
in the operational ALM space," citing its "strong capabilities in data
management and pricing."
-- Liquidity risk management (LRM) solutions. In this 23-vendor evaluation,
SAS boasted the second-highest placement for both completeness of
offering and market potential, including a best-in-class rating for
scenario generation, a critical capability in managing liquidity risk.
"SAS is a strong player in this domain," Chartis said, "with robust data
management and governance capabilities and integration features. ...
Another competitive advantage of SAS' LRM offering is its ability to
generate cash flows across various business units, allowing for
scenario-based actions and optimizations within specific business and
regulatory constraints."
-- Capital and balance sheet optimization solutions. Chartis gave SAS
industry-leading ratings in all criteria for this quadrant, which
included 22 vendors. Chartis praised "the scalability of [SAS'] platform
and the integration of optimization offerings from both SAS and
Kamakura." The analysis also heralded SAS' flexibility and scalability
in managing diverse types of data.
-- Hedging and risk management solutions. Chartis evaluated 26 vendors in
its inaugural analysis for this new solution quadrant. SAS excelled,
achieving one of the highest completeness-of-offering scores of any
vendor as well as a best-in-class rating in three criteria (balance
sheet and position forecasting; hedge strategy management; product
pricing and product risk strategy). Chartis lauded SAS' integrated
balance sheet framework: "This integration ensures that various
components of the balance sheet - whether in retail banking, corporate
banking or other sectors - are mapped and managed in alignment with
market strategies."
-- Financial planning and budgeting solutions. The debut analysis for the
report's second new solution quadrant included 26 solution providers.
SAS earned the category leader distinction, Chartis wrote, "largely due
to its robust data management infrastructure, which provides a strong
foundation for developing these solutions." In fact, the report rated
SAS best-in-class for data management.
Continuing leadership in risk technology
SAS' sweep of Chartis' six ALM market quadrants comes on the heels of its impressive showing in the Chartis RiskTech100 2025, which placed SAS No. 2 overall. It was the second consecutive year in which SAS placed second on the list, widely considered the most prestigious and comprehensive annual ranking of the world's top 100 risk management software and solution providers.
"With increasing economic uncertainty, financial institutions are taking a hard look at their ALM and broader risk management capabilities," said Stu Bradley, Senior Vice President of Risk, Fraud and Compliance Solutions at SAS. "SAS has quickly become the foremost leader in enabling integrated balance sheet management - from data management through decision - spanning interest rate and liquidity risk modeling, expected credit loss, market risk management, regulatory compliance, stress testing and forecasting. Running SAS risk solutions on cloud-native SAS Viya provides banks of all sizes the flexibility and scalability they need to face evolving risks."
For more on the state of the industry amid today's swirling liquidity and interest rate risks, see Modernizing Asset Liability Management - a SAS survey report on ALM technology trends in the wake of last year's bank failures. Based on a survey of 266 risk, treasury, finance and IT professionals, this report explores industry leaders' views on balance sheet optimization, next-gen data science, smart automation, and migration to a modern ALM system.
About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis' goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
About SAS
SAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. 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.
Editorial Contacts:
Trey Whittenton
Danielle Bates
Trey.Whittenton@sas.com Danielle.Bates@sas.com
919-531-6829
919-531-1959
sas.com/news
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SOURCE SAS
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