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Union Bank taps SAS for Basel II compliance

26 May 2009  |  2054 views  |  0 Source: SAS

Compliance with Basel II regulation has fuelled an evolution of risk management programs within the financial services industry.

Union Bank, N.A., has selected SAS, the leader in business analytics software and services, to help manage risk more efficiently and profitably.

When Union Bank needed to comply with Basel II, the organization determined that SAS Credit Scoring for Banking could help generate, deploy, validate and monitor critical risk models in an integrated, auditable and flexible platform.

"SAS offered very powerful modeling capabilities and came highly recommended by other banks," said Hans Helbekkmo, Senior Vice President of Enterprise Wide Risk, Union Bank. "With SAS in place, Union Bank will have better consistency, efficiency and transparency in regards to its risk management program. Our project risk is significantly reduced since the program is now standardized on one solution."

SAS Credit Scoring for Banking combines SAS software's award-winning data management, analytic and reporting capabilities to provide a powerful in-house credit scoring solution. This solution allows lenders to develop, validate, deploy and track credit scorecards faster, more affordably and more flexibly than any outsourcing alternative. Additionally, SAS Credit Scoring for Banking is also designed to automate the model development and validation process, increasing the time spent on "reviewing analytic insights" versus time spent on "reviewing data."

 

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