SAS Earns Top Rankings for 11th Consecutive Year in Chartis Model Risk Management Report
United States – SAS has once again been recognized as a category leader in Model Risk Management (MRM) by Chartis Research in its 2024 Model Risk Management Solutions Report. This marks the 11th straight year that SAS has received the highest rating for MRM, further solidifying its position as a market leader in risk technology.
The report places SAS at the top of two key quadrants—one for model governance solutions and another for model validation solutions and services (credit). SAS also achieved the highest overall score among vendors for model governance, reinforcing its industry leadership in risk management and compliance.
Key Highlights from the Chartis Research Report
SAS Named Best-in-Class for Model Governance Solutions
Among 19 vendors evaluated in the model governance solutions quadrant, only SAS received best-in-class ratings across five critical criteria:
- Model coverage
- Governance
- Data management
- Model inventory
- Dashboarding
SAS also achieved top ratings in model validation solutions, particularly in supporting tools and methodological frameworks—showcasing its strength in providing comprehensive, end-to-end risk management solutions.
A Clear Advantage in Model Governance and AI Risk Management
Chartis Research praised SAS for its forward-thinking approach to managing traditional and emerging risk models, particularly in the areas of AI and generative AI governance.
The report highlights SAS’ capabilities in ModelOps, SecurityOps, DevOps, orchestration, and big data management, positioning it as a leader in model risk governance.
“As a supplier of credit models and tools, SAS plays a pivotal role in both risk and accounting functions within banking institutions,” Chartis stated. “SAS remains a strong provider for institutions looking to enhance their model validation capabilities.”
Chartis also noted SAS’ expertise in retail credit risk management and anti-fraud, emphasizing its long-standing reputation for building credit models and its adaptability across the banking sector.
A Legacy of Leadership in Risk Technology
SAS’ recognition in the 2024 MRM report continues its strong momentum in risk management, which has been further strengthened by its 2022 acquisition of Kamakura.
Additional recent accolades include:
- No. 2 ranking in the Chartis RiskTech100 for the second consecutive year (2024).
- Named a category leader in all six quadrants of the ALM Solutions Report (2024), including the highest score for completeness of offering in asset and liability management (ALM) solutions.
“In this rapidly intensifying regulatory environment, there may not be a better time to be a category leader in MRM technology,” said Stu Bradley, Senior Vice President of Risk, Fraud, and Compliance Solutions at SAS. “This latest recognition shows that SAS is driving thought leadership in risk management. Our technology is getting stronger, offering businesses both experience and best-in-class solutions to integrate with existing frameworks and manage risk more effectively.”
About Chartis Research
Chartis Research is a leading provider of research and analysis on global risk technology markets. As part of Infopro Digital, Chartis delivers insights that help enterprises enhance business performance, corporate governance, and risk management. The firm provides in-depth analysis and actionable advice on virtually all aspects of risk technology, helping organizations make informed decisions.
About SAS
SAS is a global leader in data analytics and artificial intelligence (AI). Through cutting-edge software and industry-specific solutions, SAS enables organizations to transform data into trusted decisions. SAS gives you THE POWER TO KNOW®.