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SAS ranks first in Chartis RiskTech100TM report

User-driven survey deems SAS the leader in risk management software
  • 12 November, 2009 12:22

<p>SAS, the leader in business analytics software and services, is No.1 in Chartis Research’s prestigious RiskTech100TM rankings, an annual international listing of the top risk technology vendors. Although SAS has been a leader in several categories since the inception of this report, this is the first year that SAS has earned top spot, a jump of six places from 2008.</p>
<p>The RiskTech100TM methodology assessed each vendor’s functionality, core technology, organisational strength, customer satisfaction, market presence and innovation.</p>
<p>In addition to its overall success, the report placed SAS as the category winner for banking, Europe (market presence) and credit risk.</p>
<p>“SAS’ success in this year’s RiskTech100 rankings is linked to particularly high scores in the functionality and core technology categories,” said Peyman Mestchian, Managing Partner at Chartis Research. “In addition, our end-user surveys have given SAS a marked improvement in the customer satisfaction rating in the last 12 months.”</p>
<p>“This honor is confirmation of our dedication to deliver unsurpassed enterprise risk management to our customers,” said David Rogers, SAS Global Product Marketing Manager for Risk. “We strive to address all aspects of key risk concerns from credit, operational and market risk to anti-money laundering, combating fraud and financial crime. SAS continued to make sales across the world in 2009 - such as Allied Bank, Banca delle Marche, FirstBank and Union Bank - to name a few.”</p>
<p>The Chartis RiskTech100TM report also contained the key results of a survey of 824 risk technology buyers and end-users and reveals that 57 percent of respondents believe that their firms’ approach to enterprise risk management can be characterised as “a set of tactical/reactive initiatives addressing specific gaps” (18 percent), or “a loose concept that is not fully defined with partial sponsorship from the board of directors” (29 percent), or “no current strategy or plans in place” (9 percent). On a positive note, 66 percent of respondents expect to increase their risk technology expenditure by 10 percent or more in 2010.</p>
<p>SAS risk management software has garnered many accolades this past year. SAS placed in the Leaders quadrant of the Magic Quadrant for Operational Risk Management Software for Financial Services by Gartner, Inc. in September. Also, in July 2009, Chartis ranked SAS as a leader in its Credit Risk Management Systems 2009 report for the third straight year and for a fifth straight year, SAS was a leader in Chartis Research’s Operational Risk Management Systems 2009 report in June.</p>

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