Allied Bank (Karachi, Pakistan) has entered into an agreement with SAS (Cary, N.C.) to establish an enterprisewide risk framework to help meet regulatory requirements such as Basel II, enhance its credit ratings and build up the bank's consumer portfolio.
The solution is an analytical tool for risk management, customer segmentation and behavioral scoring designed to help meet the sophisticated data management and reporting requirements under Basel II and assists banks with establishing a more comprehensive risk management program. Allied Bank chose a combination of SAS Customer Intelligence and SAS for Enterprise Risk Management solutions as well as SAS Enterprise BI Server. With SAS, the bank the bank hopes to have a more enhanced automated reporting system to enable it to launch and manage more consumer products in less time and reduce overall costs. The system is designed to help the bank retain current customers and acquire new ones.