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

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Chartis Ranks SAS A RiskTech100® Leader - SAS cinches top spots in core technology and innovation, plus banking, insurance and financial crime categories -
Chartis Ranks SAS A RiskTech100® Leader


NewswireToday - /newswire/ - Cary, NC, United States, 2015/01/15 - SAS cinches top spots in core technology and innovation, plus banking, insurance and financial crime categories -

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“Being a core technology leader like SAS is crucial since analytical models are at the heart of critical business decisions for finding new opportunities or managing uncertainty and risks,” said Peyman Mestchian, Managing Partner at Chartis. “SAS continues to innovate in data management, analytics and reporting technologies to help financial service firms handle pressing compliance and risk management needs.”

SAS’ No.1 spot in Chartis’ prestigious RiskTech100® report annual rankings includes category wins for core technology, innovation, banking and insurance within the vertical sector and for financial crime.

To help firms meet the increasingly complex regulatory requirements and economic pressures, SAS has focused its efforts across a range of compliance and risk management issues, including regulatory capital management areas such as CCAR, DFAST, Basel III, as well as risk aggregation, risk data aggregation (RADAR), model risk management and credit management. These regulatory and business development areas use the core SAS® technologies to access innovation, making a real difference in converting data into reliable decision making information.
Tighter integration with data management, reporting

The SAS core technology uses a common framework of services (e.g., metadata, security, compute, management and workflow) to ensure tighter integration with data management and reporting components. SAS can manage complex models that use advanced analytical techniques, virtually unlimited variables and vast data volumes. From this analytical stronghold, SAS customers can deploy the right mix of technologies, even using Hadoop with other data warehouse technologies.
Big data innovation

As the report’s leader in innovation, SAS advances its big data initiatives to ensure customers know more, faster, for better decision making. SAS Event Stream Processing, SAS High-Performance Risk and SAS Visual Analytics supercharge the speed, granularity, transparency and accuracy of risk data. For banks, that means spotting and analyzing potentially fraudulent trading activity fast. SAS High-Performance Risk applies in-memory analytics, grid computing and multithreading to accelerate risk analysis of large and complex financial instrument portfolios.
A banking and insurance favorite

SAS is the popular choice for banks and insurers. Whether the regulation is Basel III, Solvency II or BCBS 239 principles around risk data management, organizations turn to SAS for industry expertise on helping with compliance and data efficiency to manage risk and fraud requirements.

Collecting data and easily sharing it throughout the organization is paramount. SAS Visual Analytics and dashboards capture the right information for various levels of the organization. SAS High-Performance Risk accelerates the analysis of market, credit and liquidity risk to perform portfolio calculations and stress tests in a matter of minutes. The software uses high-performance analytics like grid computing, in-database and in-memory processing to solve big data problems.

SAS High-Performance Analytics is the only in-memory analytics offering in the market to solve complex problems and generate time-sensitive insights. As more than just query, reporting and descriptive statistics, only SAS can actually integrate, explore, build, validate, deploy and use analytics in front-line business decisions.
Fighting financial crime

The noted leader of the financial crime category, SAS’ platform supports both market risk and fraud for identifying and analyzing potentially fraudulent trades. Firms can address cybersecurity and preserve reputation and customer trust by enriching company data with business context information and behavioral analytic techniques to detect complex patterns, trends and anomalies.

Using real-time event stream processing, relevant behavior and data is analyzed instantly, prioritizing alerts based on threat level. From a market risk perspective, the same platform enables a bank to move from overnight to same-day reporting speed.

“Adoption of advanced business analytics backed by developments in data management will increasingly drive competitive advantage in financial services,” said David Rogers, Risk Management Product Marketing Manager at SAS. “SAS risk and fraud solutions offer the flexibility and scalability firms need to handle the constantly changing regulatory and economic landscape.”

The RiskTech100® 2015 report is available for free download at

Read about SAS risk and financial crime solutions.

About Chartis
Chartis ( is recognized internationally as the leading research and advisory firm focused exclusively on the risk technology market. For more information visit

RiskTech Quadrant® and RiskTech100® are registered trademarks of Chartis Research Limited.

Chartis Research is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice.

About SAS

SAS ( 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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Chartis Ranks SAS A RiskTech100® Leader

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RiskTech100 | SAS
Publisher Contact: Kris Balic - 
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