SAS Blogs

Risk Management

See how to manage risk to drive efficiency and compliance

Luca GarlandaSeptember 13, 2017 0

Could your company survive a fake news attack?

Even as we come to terms with the increasing presence of fake news in the political landscape, we need to consider the vulnerability of companies, brands and employees to the same phenomenon. Social media across all channels have become an accelerator to enable unverified, and unverifiable, claims to travel far

English

Risk Management | SAS Events

Thorsten HeinJuly 31, 2017 0

Challenges on a CRO's agenda - get some answers in Madrid

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,

English

Banking

Advanced Analytics | Analytics | Risk Management

Hartmut KömmeJuly 20, 2017 0

Neue Prozess-Infrastruktur für die Renaissance des Datasteps

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

German

Banking | Insurance

Analytics | Risk Management

Carsten KrahJuly 19, 2017 0

Transparenz und Automatisierung braucht das Risikomanagement

Am 20. Juni trafen sich in Wien 30 Vertreter von Banken, um neue Herausforderungen an Infrastrukturen von Banken zu diskutieren. Dr. Thomas Moosbrucker, Deloitte Deutschland, beleuchtete in dem ersten Vortrag die Herausforderungen von TRIM (Target Review of Internal Models). Seiner Meinung nach wird uns TRIM, welches das Vertrauen in die

German

Banking | Insurance

Analytics | Fraud & Security Intelligence | Risk Management

Michael RabinJuly 14, 2017 0

Fraudsters love digital

Anyone who believes that digitization has made the issue of insurance fraud go away is unfortunately wrong. One in ten reported damages and claims are still invented or manipulated. The cost: at least €5 billion per year in Germany alone for property and casualty insurance. In other words, not even including

English

Banking | Insurance

Data Management | Risk Management

Chrysostomos KridiotisJune 28, 2017 0

The data governance path to AnaCredit

Many of the regulations coming into effect after 2010, are the result of the financial crisis that has significantly re-shaped the financial industry worldwide and especially in Europe. One of the major projects that has been undertaken by the statistics team of the ECB, launched in 2011, is the setup

English

Banking

Risk Management

Tony CartiaJune 26, 2017 0

8 elementi chiave di un framework robusto per la Model Governance

Negli ultimi anni l'uso sempre più diffuso di sofisticati modelli matematici, statistici e deterministici ha consentito alle istituzioni finanziarie di prendere decisioni strategiche, avendo a disposizione un nuovo livello di conoscenza. Nel contempo ha, però, condotto verso una nuova necessità: quantificare, misurare e gestire il rischio legato ai modelli utilizzati.

Italian

Banking | Insurance

Analytics | Machine Learning | Risk Management

Carsten KrahJune 23, 2017 0

Machine Learning allein reicht nicht, der menschliche Verstand ist weiterhin gefragt

Science-Fiction-Autoren sind seit Langem fasziniert von der Vorstellung, dass Roboter die Weltherrschaft übernehmen könnten. Und sie überlegen, was man tun könnte, um die Welt vor dieser Machtübernahme zu bewahren. Doch diese Vorstellung geht weit an der Realität vorbei. Tatsächlich wissen wir heute: Maschinen – und Machine Learning – funktionieren am

German

Analytics | Risk Management

Luis BarrientosJune 22, 2017 0

Modelos de Riesgo, impacto en los negocios

La industria financiera, ha desarrollado una alta dependencia en la analítica predictiva para alcanzar los objetivos de negocio y cumplir con temas regulatorios y de mejores prácticas. Este modelado toca virtualmente a cada área que tiene poder de decisión y monitoreo en la Entidad, desde el perfil de cliente objetivo,

Spanish

Risk Management

Spyros MaltezosJune 5, 2017 0

Model Risk Regulatory Framework: challenges to managing model risk

At this point in time, Model Risk Management stands at the forefront of risk management for many of today’s financial services organizations. The majority of financial institutions are in the process of developing Model Risk Management frameworks to mitigate model risk and to become more comfortable with their models. However,

English

Machine Learning | Risk Management

Chrysostomos KridiotisJune 2, 2017 0

Machine learning for risk: more changes ahead

Approaches to risk assessment and management are changing. There has been a radical alteration in the nature of risk in many sectors, in that the biggest threat that many companies now face is from disruption of their business model by start-ups. This has meant that traditional approaches to risk—the appointment

English

Banking

Machine Learning | Risk Management

Thorsten HeinMay 23, 2017 0

Hand aufs Herz: Kann Ihre Risikobetrachtung mit den Marktveränderungen Schritt halten?

Ich möchte Sie etwas fragen? Sehen Sie Risikomanagement als: alleinige Aufgabe des Chief Risk Officer, als Pflichtübung, die jede Menge Papierkram – aber keine wirklichen Vorteile – bringt; oder Verantwortung von allen im Unternehmen und eine Chance, eine sichere Umgebung für heikle Geschäftsentscheidungen zu schaffen? Natürlich sind diese beiden Auffassungen

German

Banking

Analytics | Risk Management

Colin HillMay 19, 2017 0

Can citizen data scientists improve risk management?

The rise of citizen data scientists—business users who are able to do at least some of their own analytics—has been touted as many things. Some have suggested that it is a very good way to address shortages of dedicated data scientists. Others, more cynically, have suggested that it is simply

English

Analytics | Customer Intelligence | Data Management | Data Visualization | Risk Management

Randy GuardMay 16, 2017 0

How companies can succeed in an analytics economy

Artificial intelligence. Big data. Cognitive computing. These buzzwords are the ABCs of today’s marketplace. In a recent interview at SAS® Global Forum, I discussed the unprecedented pace of change that we’re seeing in the market. It’s creating what I like to call an analytics economy. In this economy, analytics –

English

Machine Learning | Risk Management

Tony CartiaApril 28, 2017 0

Taking risk management to a wider audience within the business

Organizations of all kinds operate in uncertain environments with challenging natural, political, socio-economic and cultural influences. These influences may affect their ability to meet their objectives. The uncertain economic situation of the past few years is a clear, real and pragmatic example of the effect of this uncertainty, something known

English

Analytics | Risk Management | SAS Events

Luis BarrientosApril 27, 2017 0

¿Está listo ante una próxima crisis financiera?

Ante un panorama macroeconómico volátil, la búsqueda de oportunidades financieras toma trascendencia. En palabras del analista político-económico, Erick Guerrero los indicadores internacionales apuntan a una crisis del sistema financiero, basta con mirar lo que el Fondo Monetario Internacional registró en su monitor de octubre 2016, donde la deuda global se

Spanish

Banking | Government

Fraud & Security Intelligence | Risk Management

Spyros MaltezosApril 21, 2017 0

Financial Crime Risk Management - Taking Action to Support Anti-Money Laundering

In my first article, I looked at the main areas covered by the 4th Anti-Money Laundering (AML) Directive from the EU. This post covers the amendments to that directive introduced by the 5th AML Directive, and suggests how organizations can address the requirements of the two directives. The 5th AML Directive:

English

Fraud & Security Intelligence | Risk Management | SAS Events

Jeanne (Hyunjin) ByunMarch 31, 2017 0

SAS코리아, “글로벌 자금세탁 규제 대응 위한 방안 모색 서둘러야”

Korean

Banking

Fraud & Security Intelligence | Risk Management

Spyros MaltezosMarch 20, 2017 0

Financial Crime Risk Management - The Current Regulatory Regime

Questions about the regulatory regime related to the 4th and 5thEU Anti-Money Laundering (AML) directives are among the most frequent ones we have been getting this quarter. There can be no question that businesses are responding to increased regulations and in turn, driving demand for anti-money laundering technology to support

English

Risk Management

Thorsten HeinMarch 17, 2017 0

Is your risk perspective keeping pace with market changes?

Let’s start with a question. Do you see risk management as: The responsibility of the Chief Risk Officer, involving a lot of paperwork, and largely a tickbox exercise with no real benefits, but something we have to do; or Everyone’s responsibility, and a chance to have some difficult conversations in

English

Banking

Analytics | Risk Management

Luis BarrientosFebruary 28, 2017 0

Logre el éxito de la alta dirección mediante un buen manejo del riesgo.

Los episodios económicos y financieros del presente siglo han apremiado al sistema financiero a generar bases exhaustivas, perdurables y también adaptables tanto en el ámbito local como el internacional; sin embargo, aún se siguen analizando, probando, modificando e implementando planes, estrategias e ideas sobre el camino, lo cual no es

Spanish

Banking | Energy & Utilities | Government | Insurance

Analytics | Machine Learning | Risk Management

Analytics in der gesetzlichen Krankenversicherung

Christian EngelFebruary 28, 2017 0

Data Scientists im Gesundheitswesen – Chancen im morbiditätsorientierten Risikostrukturausgleich

Seit 2009 sollen der Gesundheitsfonds und der morbiditätsorientierte Risikostrukturausgleich in der deutschen gesetzlichen Krankenversicherung (GKV) für eine ausgewogenere Verteilung der Einnahmen bei den Kassen sorgen. Ziel ist ein sozialer Ausgleich für unterschiedliche Einkommensstruktur und Krankheitslasten bei den Mitgliedern. Über einen sehr interessanten Nebeneffekt, den dieses regulatorische System ungewollt ausgelöst hat,

German

Health Care | Hospitality | Insurance

Analytics | Data Management | Risk Management

Ulrike BergmannFebruary 24, 2017 0

Self-Service: Erst mal anfangen, dann klappt’s auch mit der Datenqualität!

Das Konzept von Self-Service Analytics wird oft mit innovativen Geschäftsmodellen oder schneller Reaktion auf Kundenanfragen assoziiert. Darüber hinaus kann Self-Service aber auch Mitarbeiter in die Lage versetzen, operative Vorgänge besser und effektiver zu unterstützen. Mit Carsten Krah, Business Expert Risk, Fraud & Compliance bei SAS, habe ich mich darüber unterhalten,

German

Analytics | Risk Management

Thorsten HeinFebruary 9, 2017 0

What will SFCR reveal about you?

SFCR, or the Solvency and Financial Condition Report, is the final part of the Solvency II: the public reporting of information. The publication of these reports, and their accompanying public Quantitative Reporting Templates (QRTs), is a big issue for companies. In particular, companies have to decide what they are going

English

Insurance

Data Management | Risk Management

man determined to stop reactionary compliance tactics

Dylan JonesFebruary 6, 2017 0

It's time to stop the reactionary compliance tactics

The financial sector has always been subjected to regulatory compliance laws and directives. Consumers, lawmakers and politicians would expect no less. But it's fair to say that the financial sector has witnessed a "hockey stick" trend regarding new regulations in recent years.

English

Risk Management

Muhammad Asif AbbasiFebruary 1, 2017 0

Risk management's new stakeholders

We like to think about risk management as a specialist domain. Indeed, at SAS, we have a dedicated team that works with risk officers to exploit analytics for risk mitigation. But from my vantage across analytics platforms, analytics to support risk management has seen fascinating changes. The way that we think

English

Banking | Insurance

Risk Management

Carsten KrahJanuary 17, 2017 0

Digitalisierung des Risikomanagements

Seit der Finanzkrise hat das Risikomanagement in Banken an Bedeutung zugenommen und damit auch die Notwendigkeit der Digitalisierung. Neben eigenen Initiativen, forderte aber auch die Regulation ein nachhaltiges Risikomanagement in den Geschäftsprozessen stärker zu verankern. Nach den ersten direkten in Basel III mündenden Vorgaben zu Eigenkapitalanforderungen und Liquiditätsmanagement, hatte die

German

Banking

Risk Management

Thorsten HeinDecember 16, 2016 0

Solvency II: Where do we go from here?

Solvency II went live almost a year ago. It should therefore have become part of the furniture by now, but it is clear from recent conversations that the journey is by no means over yet. What’s more, there are other challenges facing the insurance industry that will need to be

English

Risk Management

Chrysostomos KridiotisDecember 15, 2016 0

Model Risk – Why is it important?

The financial crisis led to a deep reflection on the things that Banks and other financial institutions were doing wrong. The most significant factor that led to bad business decisions and in extend the results that we have all been experiencing the past few years, was uninformed analytics. This is

English

Analytics | Risk Management

IFRS 17 – ‚Abwarten und Tee trinken‘ ist keine Option

Thorsten HeinDecember 12, 2016 0

IFRS 17 – „Abwarten und Tee trinken“ ist keine Option

Manchmal ist abwarten und Tee trinken zwar genau die richtige Strategie, aber nicht in Sachen IFRS 17. Hier können und dürfen sich die Versicherer eine solche Haltung nicht mehr leisten. Warum nicht? Weil die Aufsicht spätestens 2021 viele neue Regularien umgesetzt sehen will. Und die sind sehr komplex in ihren operativen

German

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