An uncertain global economic climate has created a sense of unease and a heightened risk when managing finances for individuals and banking and financial institutions. Helping banks and financial institutions manage risk is a central pillar of how SAS adds value for our customers, who must ensure their organization is
The reverberations of SVB’s collapse continue to be felt in the banking industry. Markets remain jittery and the negative news headlines keep coming. First Republic Bank had its credit rating downgraded into junk territory by S&P Global, causing its share price to plummet by 47 percent before rallying. On the
For nearly five years, Anupam Trivedi, Senior Director of Credit Control Services at HSBC, has been on a journey to modernize the bank's decision ecosystem for retail credit lending. Supporting lending decisions for the largest bank in Europe is no simple feat. Overall, the HSBC system processes lending decisions for
GARP and SAS partnered for a survey in 2018 to understand the use of AI & ML models in risk management. Since then, we've seen an increasing demand in the market to credit risk transformation projects (CRTs). Because of that, the survey was expanded in 2022 and has been extended to
It’s a challenging time to be a risk manager. The world is facing a global climate crisis, enduring the worst economic downturn since the great depression, war and a recovery period from a global pandemic. In addition to these challenges, changes in customer behaviour and expectations give financial services no
High unemployment rates of the post-pandemic era in many recovering regions and increasing inflation rates are signaling an economic recession. With the pressure of increasing energy prices on consumer cash flow and households in many advanced economies facing a cost of living crisis, collections managers know it’s time to transform
There is growing awareness and discussion about the need to remodel business processes in banks. This is partly in response to the disruption caused by the pandemic, partly because of macroeconomic pressures such as changing interest rates, and partly a way to address changing customer behavior and expectations. This last
If the big banks won’t help when times are tough, customers will turn to smaller, simpler providers. And once they’ve switched, banks will struggle to win them back. I’ve written before about how banks are an essential part of the UK’s social fabric. Our economy depends on the availability of
La pandemia del COVID-19 ha obligado a todos los sectores económicos a revisar sus previsiones y prioridades para los próximos años. A pesar de que se estima una desaceleración significativa, aún se desconoce el impacto real que tendrá en la economía mundial, que dependerá también de las medidas que se
Die RiskTek Veranstaltung von SAS vereint Praxis und Theorie. Welche Praxis und Theorie das bei der vergangenen RiskTeck nochmal war? Die Theorie: Regulierung fordert. Die Praxis: Umsetzung der Forderungen bei Kostendruck und ständigen technologischen Neuerungen. Hier stelle ich Ihnen zwei Beispiele aus der Branche vor, die den Weg der Tat
Digitalization - the move towards a more digital world - is a well-established phenomenon. But the digitalization journey is not the same in every sector. Traditional practices, available skills and competitive forces are creating a new set of dynamics in the credit risk sector. Providers are coming under significant pressure
The Barnett Shale in North Texas hit a historic mark on April 25: Its rig count fell to zero. Two hundred rigs once harvested the 40 trillion cubic feet of natural gas in this massive basin, stretching beneath 17 Texas counties. Today, nothing. This dramatic silence in North America’s second-largest
Going Beyond Regulatory-Mandated Tests to Achieve True Risk Management I regularly hear banking customers talk about ‘sweating their assets’ - leveraging their substantial investments in expanded teams of risk analysts, re-engineered processes and new risk systems for Basel II and III compliance – to gain better insights into their business.
Stress testing is not new to the risk world but has been a major focus since the GFC (Global Financial Crisis). For a number of years now, stress testing has helped analytical specialists quantify various aspects of potential loss. What is new is the introduction of regulatory stress tests which
