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IDC MarketScape - SAS Named A Leader in Credit Risk Management - Analytics referenced as SAS’ core strength, highlighting high-performance capabilities - SAS.com
IDC MarketScape - SAS Named A Leader in Credit Risk Management

 

NewswireToday - /newswire/ - Cary, NC, United States, 2014/11/25 - Analytics referenced as SAS’ core strength, highlighting high-performance capabilities - SAS.com.

   
 
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Business analytics powerhouse SAS was named a leader in the IDC MarketScape: Worldwide Credit Risk Analytics Solutions 2014 Vendor Assessment. The report studied both capabilities and business strategies of credit risk software vendors. Of note this year, the IDC MarketScape included buyer perspective on the overall value delivered by vendors. Comments addressed the intelligence SAS provides to its clients alongside the company’s character and experience.

“As a leading credit risk analytics vendor in the IDC MarketScape, SAS combines in-house with packaged capabilities, plus credit risk offerings supporting retail, commercial, and capital management necessary for tactical, operational, and strategic data-driven decisions,” said Michael Versace, Global Research Director, IDC Financial Insights. “SAS provides out-of-the box capabilities with in-house custom models configurable by risk analysts and statistical modelers. Their market expertise provides a risk-specific data model that is prepackaged with a series attributes required by a financial institution to analyze credit risk.”
SAS’ core strength

Analytic-based decisioning, according to the IDC MarketScape, is SAS’ core strength. SAS® credit risk solutions take “advantage of the latest advanced analytics platform based on high performance options like grid computing and in-database and in-memory processing to solve big data problems.” SAS’ integrated approach provides valuable enterprise risk functions that segment customers for a performance management program, delivering an efficient, accurate and transparent process to support regulatory credit risk measures.

The IDC MarketScape commended SAS for making “headway to fully support credit risk approaches for the Basel Accord,” and for customer credit modelling both internal and regulatory to address Basel III and other country-based regulations such as CCAR in the US.
Customer satisfaction from long-term relationship

Customers “expressed a level of satisfaction expected from a long-term relationship with SAS,” according to the IDC MarketScape report. Clients also referenced the "depth of business and analytics knowledge, drawn from years in the field," and "proactive, open communications between SAS, partners, and the customers." Along with pure technical capabilities, the IDC MarketScape calls these leading attributes.

“Regulator and business demands are placing pressure on banks to improve their credit risk analytics, with a particular focus on credit decisions,” said David Rogers, SAS Global Product Marketing Manager for Risk. “An integrated, end-to-end platform with advanced data management and high performance analytics helps reduce both model creation timeframes and financial losses caused by operational errors.”

The IDC MarketScape reviewed SAS Credit Risk Management for Banking, SAS Risk Management for Banking, and SAS Credit Scoring for Banking for this study.

SAS was also recently named a leader in the Chartis RiskTech Quadrant® for Model Risk Management Solutions 2014.

Read an excerpt of the IDC MarketScape: Worldwide Credit Risk Analytics Solutions 2014 Vendor Assessment study.

About IDC MarketScape
The IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About SAS
SAS (sas.com) is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.

 
 
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Written by / Agency / Source: SAS Institute, Inc.

 
 

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IDC MarketScape - SAS Named A Leader in Credit Risk Management

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SAS | IDC MarketScape
Publisher Contact: Kris Balic - SAS.com 
919-531-0624 Kris.balic[.]sas.com
 
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