The product updates are meant to help banks manage credit, liquidity and market risks as well as comply with international regulations and reporting standards, SAS said Wednesday.
“Global regulators demand improved risk data aggregation, liquidity risk management and stress testing so banks and capital market firms can properly measure performance against risk appetite and for regulatory reporting,” said David Wallace, SAS marketing manager of global financial services.
Wallace added the company designs software with the goal to help the industry be more transparent to customers and compliance officers.
Banks can use the High-Performance Risk platform to navigate and visualize risk profiles and perform valuation and pricing activities, SAS says.
SAS’ Asset and Liability Management software is designed to analyze balance sheets, cash flows and funding gaps and its Credit Risk Management for Banking product works to address capital preservation requirements.