#USA #SAS #CARY #Responsible AI #RiskTech AI 50

SAS has achieved a significant milestone by securing the No. 3 position in Chartis Research's prestigious RiskTech AI 50 for 2025. This annual report recognizes the top providers in the realm of risk technology, particularly those that leverage artificial intelligence to drive innovation and efficiency. Along with its top placement, SAS was honored with two major awards: 'Responsible AI Adoption' and 'Use of AI in Retail Banking.' The recognition reflects SAS's steadfast commitment to ethical AI principles. Chartis highlighted the company's focus on transparency, accountability, and governance in AI deployment strategies. By embedding these ethical guidelines into its products, SAS ensures that its AI solutions maintain integrity and effectiveness, crucially resonating with the trust needs of financial institutions. The 'Responsible AI Adoption' award underscores SAS’s dedication to creating AI applications that prioritize ethical considerations, addressing the challenges of bias and opacity that often accompany AI technology. The company's innovative designs in risk technology not only meet compliance requirements but also enhance customer trust and engagement. In relation to its contributions to retail banking, SAS's effective AI-driven solutions facilitate better decision-making processes across various banking functions. This includes areas such as fraud detection, compliance, and customer relationship management. By employing SAS’s advanced machine learning capabilities, financial institutions can preemptively identify risks and provide exceptional customer service, thereby enhancing loyalty and user experience. Sid Dash, Chief Researcher at Chartis, commended SAS for its principled approach and robust platform, SAS Viya. This AI platform enables rapid deployment of AI models, performing tasks up to 30 times faster than some of its competitors. It supports an array of applications, from risk management to customer engagement, positioning SAS as a leader in enterprise-wide analytical capabilities. SAS’s full suite of solutions is designed not only to provide real-time insights but also to foster collaborative decision-making among financial firms. According to Stu Bradley, Senior Vice President of Risk, Fraud, and Compliance Solutions at SAS, the company’s strategy revolves around consolidating data and essential capabilities within a single scalable platform, thereby facilitating quicker and more reliable decisions. The landscape for AI in financial services is rapidly evolving, marked by the need for vendors to demonstrate not just innovative technologies but also tangible benefits for clients. SAS stands out by integrating AI deeply into business processes rather than treating it as a standalone feature. This enables banks and financial institutions to seamlessly adapt to the complexities of a changing market landscape. In the context of intelligent banking, executives face the pressing challenge of balancing speed, innovation, and risk management. A recent study sponsored by SAS titled "Intelligent Banking: The Future Ahead", surveyed 1,700 senior executives in 18 countries, highlighting how banking leaders are leveraging data and AI to redefine their value propositions. This research sheds light on an essential trend: as customer expectations shift, so too must banks adapt their strategies to not only meet these demands but also to anticipate future uncertainties. SAS continues to position itself as a trusted partner in guiding financial institutions through these transitions, ensuring they are equipped to thrive in an increasingly data-driven and risk-aware market. Interested readers can access the complete report at SAS.com/intelligent-banking to delve deeper into the findings and recommendations for banks navigating this transformation.