In summer 2020, we launched our strategic partnership with Microsoft, announcing our plan to work together to help our customers. With world-class data and analytics, we are helping them solve their most critical business challenges using SAS® Viya® on Microsoft Azure. In just three short years, we’ve made tremendous strides toward our
Tag: banking
Starting in 2018, IFRS 9 will require banks around the world to change their processes for accounting of credit risk. This new impairment standard will move banks from the backward looking incurred loss model into a forward looking Expected Credit Loss (ECL) modelling approach. When talking with banks around the
I have a short attention span. So, imagine my delight when a colleague of mine introduced me to theSkimm. If you are not familiar, theSkimm takes the top news stories of the day and summarizes them quickly, in ways that are easy to understand – and often linked to pop
You might assume that a battle-tested businessman with a gruff exterior and a taste for salty language lacks an inner child, but you’d be wrong. Exhibit A is this little-known fact: I have a soft spot for animated Disney movies. Now, I could try to bluff a bit and say
At most banks, data is stored in separate databases and data warehouses. Customer data is stored in marketing databases, fraud analyses are done on transactional data, and risk data is stored in risk data warehouses. Oftentimes even liquidity, credit, market, and operational risk data is stored separately as well. Bringing
For the first time in three years, there is a decline in positive banking experiences, according to the 2014 World Retail Banking Report from Capgemini. This is partly due to the trend that people between 18 and 34 want to conduct more of their banking through social media. However, most
SAS has had a good week. No. 1 in Analytics The company remains No. 1 in advanced analytics -- per IDC and Forrester, not just according to marketers like me. And we remain committed to innovation. Our data visualization offering, SAS Visual Analytics, is now used by more than 500
Credit lending is a fast-paced business that relies on large amounts of customer and transaction data. Premier Bankcard’s primary purpose has been to provide even customers with damaged credit histories an avenue to obtain credit and demonstrate positive financial patterns. To stay competitive, the company uses analytics to predict and
The start of the year seems to have been full of uncertainty for European financial markets. This seems to apply to everything from Greek debt to bankers’ bonuses and, despite access to so much information about what is happening globally, it remains difficult to understand what is certain fact and
The first quarter of the fiscal year is the time that banking industry analysts provide clients with their vision on the key challenges and solutions in banking for 2012. TowerGroup’s Nicole Sturgill recently wrote that “understanding consumer use of the financial institution’s delivery channels is a critical element” for institutions