The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SAS Combines Software Modules to Deliver Capital Management Solution

SAS has packaged two of its existing software modules to deliver SAS Capital Planning and Management, a solution designed to help banks meet regulatory and internal capital management requirements quickly and efficiently.

The package combines SAS Financial Management with specific capabilities added for capital planning, such as calculation rules and capital allocation, with SAS Operations Research, which supports the optimisation of capital allocation. It also includes a slice of SAS intellectual property. Both SAS Financial Management and SAS Operations Research are mature technologies with more than 10 years of continuous development and broad customer bases beyond the financial services sector.

The SAS capital management solution has been in development for about a year and was brought to market early this year. To date, it has attracted 15 active prospects in the US and a similar number in Europe.

Vincent Kilcoyne, capital markets specialist at SAS, explains: “We recognised that capital management covers multiple disciplines including finance, risk and operations, so we brought them all together in a single environment. Our customers often have to rely on extensive work by their IT departments to run stress tests and simulations, but we have included them in SAS Capital Planning and Management and enable users from departments such as finance, treasury, risk and strategy to access information they require for the purposes of capital management.”

The solution is data agnostic and includes adapters for data federation. It can scale to meet banks’ requirements and can work with sophisticated third-party analytical models as well as integrate additional SAS analytical functionality.

Looking at risk weighted assets from a market risk perspective, for example, Kilcoyne says the capital management software can calculate capital requirements in one or two hours, saving banks time and sometimes lowering capital requirements. In terms of regulation, he notes US Comprehensive Capital Analysis and Review regulation as a driver for adopting capital management solutions, as well as forthcoming Basel III regulation in Europe.

Related content

WEBINAR

Recorded Webinar: Trade surveillance: Deploying monitoring and surveillance capabilities for today’s new normal

Let’s face it: The old ways aren’t coming back. A plethora of challenges brought on by the covid-19 pandemic, coupled with unrelenting market volatility and uncertainty, have pushed financial service firms to look for rigorous monitoring and surveillance solutions to meet the demands of the emerging trading landscape. Working from home (WFH) has increased the...

BLOG

TruNarrative Brings Identity Verification Solution to Small Businesses

Leeds-based Enterprise RegTech TruNarrative has launched a brand new, low-cost client verification and regulatory compliance solution for the legal, investment, accountancy and Rreal estate sectors in a bid to solve and streamline the KYC and KYB challenge for smaller firms. TruPortal is a platform designed specifically for low-volume users, offering KYC and AML solutions including AI-driven...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...