Key Partnership for a Dynamic Financial Climate
In the wake of recent bank disruptions, analytics and AI forerunner SAS has taken a significant step forward. By intensifying its collaboration with tech magnate Microsoft, the goal is clear: to empower financial institutions in managing the escalating challenges of liquidity and interest rate risks. This initiative will be facilitated through SAS® Asset and Liability Management (ALM), which is supercharged by Kamakura Risk Manager on Microsoft’s robust Azure platform.
Recognition for Leadership and Excellence
In recognition of SAS’s unparalleled expertise in the field, Chartis Research, a well-regarded name in the industry, recently positioned SAS as a definitive ALM technology leader. Their recent report, “ALM Technology Systems, 2023: Market Update and Vendor Landscape,” spotlights SAS in all four quadrants.
Troy Haines, Senior Vice President and Head of Risk Research and Quantitative Solutions at SAS, articulated, “A recent ALM study by SAS and Celent revealed that eight in 10 financial services firms are considering significant improvements to their ALM programs. Whether they’re adding next-gen technology to enhance existing systems or contemplating new platforms, SAS is recognized for delivering best-in-class risk and finance solutions. Partnering with Microsoft to accelerate risk innovation in the cloud, we broaden our mutual reach and impacts, helping banks, insurers and other financial industry players mitigate and minimize risk in this persistently uncertain climate.”
Setting New Paradigms in ALM Technology
Marking nearly a year since SAS’s acquisition of the esteemed financial risk management company, Kamakura Corporation, the company also disclosed a whopping three-year, $1-billion investment in bespoke AI solutions.
Such monumental investments enhance the ALM solutions of the analytics titan. These are designed with scalable, cloud-native technology at the core, ensuring formidable stress testing and simulation mechanisms. The sophisticated analytics capabilities, infused with machine learning and cutting-edge AI, enable risk managers to swiftly assess and respond to risks through intuitive natural language queries.
Also read: SAS Unveils New Data Literacy e-Learning Course in Collaboration with MDEC
Highlighting this profound impact, a representative from a leading Australian bank, with a two-decade partnership with SAS, revealed how the bank’s risk management team “leverages SAS Kamakura ALM in a global enterprise capacity.” They further shared insights about their ongoing “migration to the Microsoft Azure cloud to capitalize on its scalability.”
Charting the Route to Advanced Balance Sheet Management
Financial institutions worldwide are grappling with mounting interest rates and stringent inflation-tackling policies. Resultantly, liquidity has become both a rare and costly commodity. To thrive, these institutions must enhance their data management, analytics, and decision-making processes.
Bill Borden, Corporate Vice President of Financial Services at Microsoft, expounded on this synergy: “SAS ALM on Microsoft Azure combines the power of both, supercharging the speed and accuracy of these metrics to help firms identify and capitalize on liquidity opportunities – potentially adding tens of millions of dollars to a bank’s bottom line annually at little cost.”
Curious about how SAS and Microsoft’s avant-garde approach to ALM is transforming the financial sector? Dive deep into “The balance sheet risk conundrum,” a collaborative white paper by the two giants.
Spotlight on SAS
Globally renowned for its AI and analytics software, SAS is at the vanguard of industry-tailored solutions. Dedicated to transforming raw data into actionable insights, SAS embodies the essence of empowering organizations with THE POWER TO KNOW®.
