Leading Pakistani bank to utilize SAS Credit Risk Management in move to comply with BASEL II requirements, improve ratings, lower finance costs and faster loan processing
SAS®, the leading provider of business analytics software and services, has announced the signing of a strategic new partnership with United Bank Limited (UBL), one of the leading banking institutions in Pakistan, as part of the bank's move to implement a more effective and improved enterprise risk management system. The alliance complements the ongoing positive changes being witnessed across Pakistan's banking industry, like the introduction of internet, mobile banking and ATMs. Looking to play a significant role across these developments, UBL will utilize SAS Credit Risk Management for Banking, Market Risk & Operational Risk, in order to establish a high performance risk framework that can help them adopt more banking best practices into their operations, improve ratings, reduce finance costs, effect a faster way to generate feedback from loan applications and continuously comply with BASEL II requirements.
UBL bank is planning to harness SAS' cutting edge analytics, sophisticated data management and reporting--capabilities that have been deemed essential for banking operational functions like risk reporting and the creation of timely reports for regulatory authorities. Aside from maintaining compliance with BASEL II regulations, forward thinking banks like UBL have strived for key ways to achieve business benefits within a comprehensive risk management strategy. Through the partnership, UBL will now be able to use SAS Credit Risk Management for Banking, Market Risk & Operational Risk to develop custom scorecards and credit risk models rapidly; investigate existing portfolio and analyze new applicants; accurately model capital requirements; optimize UBLs mix of customers in its portfolio and maintain a complete audit trail. Use of this SAS software can greatly enhance UBL's application scoring, customer behaviour analytics while also effectively managing data for better decision making.
"Our partnership with UBL reflects our drive to help solve customer business problems and our shared commitment to a successful future. UBL is a strong growing bank with requirements for a world-class solution that is scalable in relation to their expansion. SAS has proven solution expertise in more than 3,100 financial institutions worldwide and a reputation of working closely with customers, understanding the requirements and providing highly effective customized solutions. We are confident that our partnership with UBL will not only drive up productivity but also greatly improve efficiencies."
The BASEL II framework has been intended to create an international standard for banking regulators to control how much capital banks need to put aside to guard against the types of financial and operational risks banks face. In line with this, BASEL II has set up risk and capital management requirements designed to ensure that a bank has adequate capital for the risk the bank exposes itself to through its lending and investment practices. Aiming to maintain continuous compliance with BASEL II standards, UBL will also integrate SAS for Enterprise Risk Management into its risk management procedures, which was previously separated from the bank's main business lines.
"We are confident that our alliance with UBL will play a significant role in their move to be more globally competitive. We intend to work closely with UBL and help them in anticipating business opportunities, empower action and drive impact through the use of advanced analytics--transforming customer, performance and financial data into more meaningful information," concluded Khurram Yamin, Regional Sales Lead & Channel Partner Manager, North Gulf, Pakistan & Afghanistan, SAS Institute.
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About SAS
SAS, the leader in business intelligence and analytical software and services, has delivered proven solutions that have helped drive innovation and improve performance to customers located at over 50,000 sites around the world. Established in 1976, SAS has recorded consistent revenue growth and an unwavering dedication to helping customers make better, fact-based decisions. The success of the company is reflected in its presence in our everyday lives; from the roads we travel, mortgage loans we purchase to the brand of cereal you eat and the mobile phone plan you select. SAS has helped organizations across all industries realize the full potential of their greatest asset: data. The company has made major strides in the move to transform data about customers, performance, financials and more into key information and predictive insight that lays the groundwork for solid and coherent decisions. That's why SAS is used at more than 50,000 sites in over 100 countries, including 93 of the top 100 companies on the 2010 FORTUNE Global 500® list. Empowerment is the key to success and SAS has given its customers the ultimate advantage -THE POWER TO KNOW®.
SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2011 SAS Institute Inc. Cary, NC, USA. All rights reserved.
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© Press Release 2013
