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SAS Designated as a Category Leader in Operational Risk Analytics

SAS has recently achieved recognition as a Category Leader in Operational Risk Analytics by Chartis Research. This title is a significant endorsement of SAS's exceptional capabilities in the field of integrated governance, resilience, and compliance (iGRC) solutions. The report assesses various providers on their effectiveness in managing operational risks, and SAS distinguished itself through its innovative technologies and integrated solutions.

The Power of SAS Governance and Compliance Manager

the SAS Governance and Compliance Manager (GCM) is pivotal in enabling financial institutions to identify, assess, monitor, and manage risk across various domains. In today's financial landscape, where interconnected risks—operational, regulatory, cybersecurity, and technology—are increasingly complex, it is vital for institutions to leverage integrated risk intelligence. SAS GCM does just that, treating operational risk as a challenge rooted in data and analytics, rather than merely a documentation or reporting task. This perspective equips risk leaders with the necessary tools to identify potential exposures, evaluate the effectiveness of controls, and implement timely action in high-risk areas.

Bridging the Gap in Risk Intelligence

Chartis emphasizes SAS's unique advantage in merging operational and technical risk intelligence with executive decision-making processes. According to Michael Versace, Research Director at Chartis, SAS provides an edge by yielding contextual insights that are indispensable for risk management today. Operational risk in modern banks is more than just a checklist; it requires robust analytical capabilities that can quickly adapt to changes and emerging threats.

A Unified View of Risk Exposure

One of the standout features of SAS GCM is its capacity to create a unified and comprehensive view of risk exposure across an organization. Built on the state-of-the-art, cloud-native SAS Viya platform, it consolidates risk data, control information, compliance features, and audit trails into a single governed environment. Enhancing this platform is the application of artificial intelligence and advanced analytics, which work collaboratively to highlight emerging risks and provide timely insights that support decision-making.

Key Strengths Identified by Chartis

In its report, Chartis detailed several areas where SAS excels:

• - Risk Coverage: SAS GCM navigates a wide spectrum of risk domains, including operational, credit, market, liquidity, and fraud risks, allowing organizations to interconnect and manage traditionally siloed risk signals.
• - Data Management: At the core of GCM lies robust data management capabilities, ensuring that the decisions made regarding risk, compliance, and audit functions rest on solid and reliable data.
• - Analytical Tools: SAS transforms fragmented data into actionable intelligence, facilitating ongoing risk monitoring and informed decision-making.
• - Architectural Strength: As a cloud-native platform, GCM processes massive volumes of event data and supports interactive analysis efficiently, making it a powerful ally in today’s fast-paced financial environment.

The SAS Competitive Advantage

SAS's consistent performance in various categories signifies its leadership in the risk management sector. Besides the recent recognition from Chartis, SAS has also placed third overall in the esteemed Chartis RiskTech100® rankings. Notably, SAS has triumphed in twelve solution award categories, further validating its extensive capabilities across the risk technology landscape.

A Culture of Risk Awareness

Through its diverse solutions, including Asset Liability Management, Credit Risk Management, and Enterprise Stress Testing, SAS aims to promote a risk-aware culture within financial institutions. This vision not only enhances regulatory compliance but also optimizes capital and liquidity management. As organizations navigate an increasingly complex risk environment, SAS provides the tools and insights necessary to thrive amid uncertainty.

Conclusion

The recognition from Chartis Research reinforces SAS's position as a leader in operational risk analytics. With the financial industry increasingly recognizing the strategic value of integrated risk management, SAS is well-poised to support organizations in addressing their risk challenges head-on. With advanced solutions that bridge the gap between risk management and enterprise decision-making, SAS continues to empower organizations to make informed decisions while navigating the intricate world of risk.

In summary, as SAS leads the charge in providing integrated governance and compliance solutions, financial institutions can leverage its innovations to enhance their risk management practices, fostering a future that embraces both growth and security.