In my previous article I reviewed the current state of model risk awareness in the financial services industry by providing an overview of the EU regulatory regime related to Model Risk Management framework, as well as introducing some major challenges that exist in developing a Model Risk Management system. This
Last year, a user asked about creating a "Turnip Plot" as used in this study of Caesarian Section Rates. Primarily, this is similar to a histogram on the y-axis for each unique value on the y-axis. A marker is drawn for each occurrence, starting from the center. Back then, I
The previous post on Multiple Blank Categories showed how to include multiple blank categories on the axis. But, given the purpose for this was to separate different segments in the data, I also included ideas on how to segmented a discrete axis using reference lines or Block Plot. A similar idea
A bank stress test is the analysis conducted under unfavorable economic scenarios designed to determine whether a bank has enough capital to withstand the impact of adverse developments. Especially in the years since the wake of the 2007-2008 financial crisis, it has been actively promoted by authorities and regulators as
The challenges for banking in emerging markets are similar to those elsewhere, but with fewer resources and structures available to address them. Key issues include expanding the market, and improving financial inclusion, to provide better access to banking services. To my mind, one of the most interesting aspects of the
Off and on, users have expressed the need to include multiple blank categories on a discrete axis. Often, this is desirable to separate groups of bars (or categories) in a graph due to some difference their definition. Such a case was discussed in this blog article on using non breaking
ODS Graphics procedures primarily strive towards the following goal: "Make simple graphs easy and complex graphs possible". SGPLOT procedure allows you create simple graphs with a single plot statement, and create complex graphs by layering together or combining multiple plot statements. Generally, the appearance follows the guidelines set by industry
SAS 9.4 maintenance release 5 was released on Sept 19, 2017. This release includes many new items including integration with SAS Viya and SAS Studio, a web application for SAS development. Also Included with this release are some cool new features in the graphics domain, some of which were requested
The importance of risk management has always been clear in financial services, but it is growing in other industries, including energy and telecommunication companies. This importance is being amplified through increasing demand for risk and finance integration. New risk data architecture is needed to focus on the integration of time
This discussion of the Regulatory Technical Standards (RTS) is the third post in a series explaining the Revised Payment Service Directive (PSD2) and how it will affect banks. For background, read my two previous posts, PSD2: Understanding the new payments regulation in Europe and PSD2: How new European payment regulations
Real-time customer experiences are an elusive yet coveted goal for all organizations. As competition intensifies in every single industry, organizations want to ensure they are providing customers with unforgettable results. Satisfactory is no longer enough. Not if you want your customers to come back. Forrester Principal Analyst Rusty Warner’s research
On a recent visit to an In-House Users Group meeting at a Pharmaceutical company, I presented a 1/2 day seminar on creating Clinical Graphs using SG Procedures. Polling the audience for their experience with these procedures indicated that many SAS users are not familiar with these new ways to create graphs. So,
In the previous article on Getting Started with Vertical HighLow Plot, I described how we can use the HighLow plot to display the stock price by date. The HighLow plot is specifically designed for such use cases as shown below. The data is downloaded from the Nasdaq web site, and
El banco DBS reduce un 80% las salidas de efectivo y mejora la eficiencia del proceso 33%. El banco tenía más de 4 millones de consumidores en Singapur, lo más importante para ellos era que el cliente tuviera una gran experiencia en el banco, comparado a los demás, dijo David
Modelle im Risikomanagement sind essenziell. Sie helfen uns dabei, das Risiko eines Unterfangens auf Basis weniger Einflussgrößen vorherzusagen. Die Kunst der Modellierung besteht nun darin, die wichtigsten Faktoren zu bestimmen und einen komplexen Zusammenhang vereinfacht so abzubilden, dass die Aussagekraft relevant ist. Das heißt, modellbasierte Prognosen sollen möglichst nahe an
Datenaufbereitung, Datenintegration, Datenqualität, Datensicherheit – all das hört sich nach Pflichtprogramm für die IT an und ist längst nicht so sexy wie Hype-Themen à la Data Science, Internet of Things oder Artificial Intelligence. Dass Datenmanagement im Businesskontext aber einen mindestens ebenso großen Stellenwert hat – sei es für die Optimierung
Lee Thorpe, Head of Risk Business Solutions at SAS UK & Ireland, explores the challenges that the new international financial reporting standard (IFRS) 17 will introduce. A fundamental change is coming to insurance. The new accounting standard, IFRS 17, will be introduced by the International Accounting Standards Board (IASB) in
Editor's note: Tiffany Carpenter, Head of Customer Intelligence, SAS UK & Ireland sizes up the benefits of the two technologies and offers up a solution to businesses wanting the best of both. With constant pressure on profit margins, organisations need to strike a balance between improving cost efficiencies and customer
Einschränkungen durch starre Strukturen und Prozesse Die Abläufe im Kreditrisiko basieren oft noch auf alten Strukturen und Prozessen. Das betrifft die Methodik und die darunterliegende Technologie, aber auch die organisatorischen Prozesse und Informationsaufbereitung für die Entscheidungsträger. Geschwindigkeit und Flexibilität sind gefragt Dabei werden die Anforderungen der Regulatorik, aber auch der
Die EU-Datenschutz-Grundverordnung kommt näher – ausweichen oder draufhalten? In den letzten Wochen hatte ich die tolle Gelegenheit mit zahlreichen Kunden und Partnern über die neue EU-Datenschutz-Grundverordnung (DS-GVO) zu sprechen. Die Meinungen und Erwartungen sind dabei wirklich außerordentlich breit gefächert. Das ist nicht weiter verwunderlich, denn das Thema hat zuletzt stark an
La identificación de nuevas fuentes de ingreso, el impacto en el desempeño del negocio y la mejora en la experiencia del cliente son algunas de las razones clave para que según el analista IDC, se estime un incremento del 12.4% con respecto a 2016 en lo que respecta a la
The analytical community is getting increasingly interested the concept of attribution. And while much of this is focused on digital marketing attribution, I want to take a step back to describe the wider application of attribution and the traditional techniques that can be used to solve a range of attribution
The Payment Services Directive 2 (PSD2) is a new European-wide regulation that requires European banks to make it easier to share customer transaction and account data (where the customer has given their consent) with third party providers, and it's the current hot topic across the payments industry in Europe. As
The revised EU Payment Services Directive (PSD2) has been a focal point for the financial services industry over the last couple of years and its adoption is set to revolutionise the payment ecosystem in Europe. New entrants, innovative technologies and increased regulation are already posing major challenges to traditional banks
Remember when performance reporting took place monthly, or even annually? When executives solemnly received a static report in a board meeting, which told them what had happened a month or so ago, often longer, and they had to make decisions about what to do next? This period actually isn’t all
On July 25th 2017 a new index tracking global crowdfunding and marketplace finance trends was launched. It aims to become the new barometer for the alternative financing market, which gives some idea of the importance of this area at the moment. There is potential for serious capital market disruption. But just
Real-time customer experience is a vital driver of growth. Acting in real-time, armed with the most up-to-date information about your customer, can hugely improve customer experience. Many of SAS’s customers have generated significant competitive advantage from trying to align closer with the real-life experiences of their customers. But how many
The CRO’s agenda is more crowded than ever, especially right after the summer time looking towards the end of the actual and the preparations for the new year. Regulators, auditors, boards and investors continue increasing the pressure on financial institutions. In addition to the already known challenges coming from competition,
Wenn es darum geht, mit Daten zu arbeiten, dann ist der klassische SAS Datastep eines der wirksamsten Werkzeuge, das uns zur Verfügung steht. Es ist sehr einfach, mithilfe von Datenauswahl, Formeln und Bedingungen im Datastep sowie in spezifischen SAS Prozeduren zu Ergebnissen zu kommen. Hieraus sind in der Praxis umfangreiche
