KBC chooses SAS for central, groupwide risk reporting

Source: SAS

KBC has chosen SAS Risk Management for Banking, SAS Risk Management for Insurance and SAS Financial Management from the leader in business analytics software and services, to provide a central, groupwide risk reporting solution.

With SAS, KBC can obtain a consistent and quick view of the overall risk exposures across risk types, departments and geographies.

KBC will be able to swiftly implement any new and future reporting requirements, including Solvency II guidelines. Supported with extensive workflow capabilities, the entire groupwide risk reporting process will be covered including: data integration and storage of different risk results, data quality monitoring, reconciliation of finance and risk numbers, risk aggregation, internal reporting on all risk types, data exploration and regulatory reporting (such as Solvency II).

KBC is a bancassurer that focuses on its home markets in Belgium and Central and Eastern Europe (Czech Republic, Slovakia, Poland, Hungary and Bulgaria). KBC's headquarters are located in Brussels (Belgium), the heart of Europe. The group employs approximately 54,000 staff members and caters to 12 million customers.

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