Cary, NC (Jan 28, 2016)
SAS, the world’s leading analytics provider, has been recognized for its excellence in risk technology after being named best for Enterprise-wide Operational Risk Management in the Risk Technology Rankings 2015.
The rankings, published by Risk magazine, acknowledge the work of firms and individuals in the derivatives markets and risk management. They are the longest-running rankings of their kind and are widely regarded as the most prestigious. Winners were recognized at an awards ceremony Wednesday (Jan. 27) at The Brewery in London.
SAS® for enterprise operational risk management (integrated into SAS Enterprise GRC) enables organizations to get an accurate picture of their operational value at risk to then improve risk processes and controls. It also helps businesses to optimize capital allocations, satisfy regulatory requirements, and mitigate the frequency and severity of risk events.
“We’re delighted to have been recognized for our expertise in operational risk management solutions,” said Troy Haines, Senior Vice President of Risk Research and Quantitative Solutions at SAS. “Our solutions help institutions model and compute potential operational loses and value at risk providing a more accurate, forward-looking approach. We address operational risk management holistically by integrating the data management and predictive analytics necessary in today’s complex financial institutions.”
SAS was also among the top five vendors in data, risk capital calculation and high-performance computing in the Risk Technology Rankings 2015.