SAS, the leader in business intelligence, is again ranked as the leader in operational risk management by Chartis Research, in its Operational Risk Management Systems 2008 report.
Since 2005, Chartis has positioned SAS OpRisk Management in the top spot for "completeness of offering" and "market share potential." SAS leads "a handful of software vendors [who] have established themselves as clear leaders and form the 'premier league.'"
Chartis forecasts the worldwide operational risk management (ORM) market to grow to US$1.55 billion by 2011. The Chartis report is the most comprehensive independent study of the specialised ORM marketplace, looking at both the demand and supply sides of the market. It covers the main market and regulatory requirements as well the competitive landscape. The evaluation examined a vendor's core functionality, data management capability, vendor characteristics, implementation process, user friendliness, complexity, customisability/flexibility and costs.
"Chartis' continued top ranking of SAS OpRisk Management underscores our commitment to provide world-class enterprise risk management (ERM) software and services," said Andr'e Zitzke, Solutions Architect at SAS Institute South Africa. "This is further evidence that organisations want a partner that will help them improve their operational risk management culture and efficiently collect, measure and report data across governance, risk and compliance (GRC) initiatives."
SAS OpRisk Management is an end-to-end solution built on the industry-leading SAS Enterprise Intelligence Platform. With powerful data management, analytics, and regulatory reporting and disclosure capabilities, SAS OpRisk Management helps institutions optimise capital allocation while mitigating risks in all areas of their organisations. Please visit SAS Risk Intelligence for more information.
SAS also ranked first in the "core risk technology" category and second overall in Chartis Research's RiskTech 100 report for a second straight year in October 2007.
Currently, more than 200 financial services institutions use SAS for credit risk and operational risk management, including: Bankdata (Denmark), BB&T (USA), Caisse Nationale des Caisses d'Epargne (France), Commerzbank (Germany), Grupo Santander (Spain), HSBC (UK), HypoVereinsbank (Germany), Kookmin Bank (Korea), Landsbanki (Iceland), Raiffeisen Zentralbank (Austria), Volkskreditbank AG (Austria), Vseobecna Uverova Banka (Slovakia) and Woori Bank (Korea).
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Chartis Research is the leading provider of research and analysis on the global market for risk technology. Our goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. We help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
* [Source: RiskTech 100: A comprehensive market assessment of the top 100 risk technology firms, 2007, Chartis Research, October 2007.]
SAS
SAS is the leader in business intelligence and analytical software and services. Customers at more than 44,000 sites use SAS software to improve performance through insight from data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products and processes. Only SAS offers leading data integration, storage, analytics and business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world The Power to Know(r). Visit us at www.sas.com http://www.sas.com/\http://www.sas.com/sa
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