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SAS Upgrades Risk And Compliance Solution

The service is designed to help banks better deal with changing regulatory standards.

Cary, N.C.-based SAS announced the latest version of its risk and compliance solution, which enable customers to integrate data management analytics and visualization, at the BAI Retail Delivery 2013 conference in Denver.

SAS High-Performance Risk, a financial portfolio management solution, has the capabilities to provide a consolidated view of risk using analytics derived from server grids, the company stated. Enhancements includes updated graphical interface with data from SAS Event Stream Processing Engine, along with customers access to accurate calculations of market risk, counterparty exposure, liquidity risk management, credit risk, stress testing and scenario analysis.

Visual on-demand risk analytics allow analysts to explore and monitor risk sources so that portfolio pricing and valuations can be performed directly in the solution with different pricing routines, said SAS.

The solution also acts as a risk aggregator by integrating and consolidating portfolios from risk analytic applications and individual exposures from trading desks, business units, counterparties or instrument types.

A new version of SAS Asset and Liability Management, a part of SAS Risk Management for Banking, was also announced. Enhancements include support of Basel III liquidity ratios and monitoring standards. Additionally, the latest version has included better business workflows for stress testing and reserves management and improved cash flow management.

“Global regulators demand improved risk data aggregation, liquidity risk management and stress testing so banks and capital market firms can properly measure performance against risk appetite and for regulatory reporting,” said David Wallace, global financial services marketing manager at SAS, in a statement.

[Related Content: SAP And SAS Partner On Big Data Analytics]

Zarna Patel is a staff writer for InformationWeek's Financial Services brands, which include Bank Systems & Technology, Insurance & Technology and Wall Street & Technology. She received her B.A. in English and journalism from Rutgers University College of Arts and Sciences in ... View Full Bio

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Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
11/8/2013 | 4:11:20 PM
re: SAS Upgrades Risk And Compliance Solution
Fraud and risk have been the biggest area of interest so far for data and analytics among banks. The cross-selling use cases that a lot of people talk about it for big data are still a ways off for most banks, and as long as the regulations and security landscape keep evolving the need for data and analytics capabilities in this area will continue to grow.
Zarna Patel
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Zarna Patel,
User Rank: Apprentice
11/8/2013 | 2:10:34 PM
re: SAS Upgrades Risk And Compliance Solution
Agreed, it doesn't make sense to not focus outsourcing or creating decent ways to handle analytics for both risk management and compliance.
Byurcan
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Byurcan,
User Rank: Author
11/7/2013 | 9:34:50 PM
re: SAS Upgrades Risk And Compliance Solution
With the increasing regulatory reporting requirements banks must comply with, they will definitely be investing in more enterprise data analytics tools, I would imagine.
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