SAS, the leader in business analytics software and services, maintains a leader position in Chartis Research’s Credit Risk Management Systems 2009 report for the third straight year.
Chartis estimates the global credit risk management systems market to grow to $8.63 billion by 2012 at a steady 7 percent compound annual rate. The report examines both demand and supply, covers key market and regulatory requirements, implementation challenges and competition. According to Chartis, established leaders such as SAS demonstrate “the ability to offer multiple solutions across the ERM (enterprise risk management) spectrum and coverage across multiple assets/products.” Additionally, “these integrated offerings provide significant value for financial institutions looking for a cost-effective ‘one-stop shop’ for a range of risk and compliance solutions.”
“SAS continues to rank as a leader with its credit risk management solutions and ERM software and services,” said Peyman Mestchian, Head of Advisory Board at Chartis. “SAS strives to go beyond Basel II with its integrated risk and compliance management offerings and encourages financial institutions to operate integrated advanced risk analytics, reporting/dashboard and data management across their business lines.”
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