SAS Recognized as a Leader in Model Risk Management
For the 11th consecutive year, SAS has been acknowledged by Chartis Research as a leading provider in Model Risk Management (MRM) solutions. This recognition highlights SAS's top scores among all vendors, particularly in the area of model governance solutions.
A Commitment to Model Governance
SAS has shown outstanding performance in model governance, a critical component as organizations increasingly rely on AI and complex data systems. Chartis notably rated SAS highly in two significant quadrants within its recent report, reinforcing the company's status as a market leader.
Outstanding Ratings Across Quadrants
In addition to model governance solutions, SAS emerged as a category leader in model validation services. The report emphasized SAS's robust capabilities in effectively managing models throughout their lifecycle, from development through to ongoing validation.
Performance Indicators of Excellence
A remarkable outcome from the report is that SAS received best-in-class ratings in five crucial criteria evaluated in the model governance solutions quadrant. These include model coverage, governance, data management, model inventory, and dashboarding. This level of recognition endorses SAS's commitment to providing comprehensive solutions in a complex landscape.
Leadership and Innovation in Risk Management
Chartis praised SAS's innovative approach to model governance that accommodates both traditional methodologies and the evolving needs of AI models. This forward-looking strategy is essential in adapting to the increasing demands of governance frameworks.
Integrating Advanced Capabilities
SAS’s offerings are not just limited to governance; they also encompass advanced operational capabilities across various domains, enhancing the overall functionality and reliability of their models. This integration positions SAS as an essential resource for banking institutions looking to fortify their risk management and model validation processes.
Strength in End-to-End Solutions
The company’s ability to provide end-to-end MRM solutions from model development to validation secures its stronghold in the market. This comprehensive approach ensures that clients can maintain a consistent methodology aligned with their operational frameworks.
A Legacy of Trust in Risk Management
SAS's impressive track record in risk management has been strengthened since the acquisition of Kamakura in 2022, enabling the company to broaden its horizons and enhance service delivery significantly. This commitment to continuous improvement has led to SAS earning a prominent position in the Chartis RiskTech100 list for the second year in a row.
The Future of SAS in Risk Management
As the regulatory landscape grows more complex, SAS is ideally equipped to lead the charge in MRM technology. Their proven expertise paired with cutting-edge technology makes them a key player in managing both internal and external data efficiently.
About Chartis Research
Chartis Research is recognized as a premier provider of market intelligence on risk technology globally. They guide enterprises through enhanced corporate governance and compliance by offering substantial analysis and advice tailored to the needs of risk management professionals.
About SAS
SAS has solidified its position as a global leader in data analytics and AI, helping organizations harness their data to make informed decisions. Their robust suite of solutions empowers businesses to drive performance through advanced analytics, analytics robustness, and comprehensive risk management frameworks.
Frequently Asked Questions
What recognition did SAS receive from Chartis?
SAS was named a leading provider in model risk management for the 11th consecutive year, receiving top scores in model governance solutions.
How many criteria did SAS excel in?
SAS was rated best-in-class in five vital criteria concerning model governance and earned high marks in model validation solutions.
What is SAS's approach to model governance?
SAS uses a forward-looking strategy adapting to AI's growing impact while addressing traditional governance aspects, ensuring comprehensive model management.
What distinguishes SAS from its competitors?
SAS offers end-to-end solutions that cover the entire model lifecycle, ensuring consistency and reliability in model management, which is critical in today's complex regulatory environment.
Why is this report significant for SAS?
This recognition reinforces SAS's position as a market leader, showcasing their commitment to excellence in model risk management and adaptability to evolving industry needs.
