GEC NEWS WIRESAS Risk Data Aggregation and Reporting Examining data across risk, finance and C-suite means clearer view of risk exposure for banks and regulators
SAS is offering the SAS Risk Data Aggregation and Reporting to help clear mismatched data infrastructures and siloed processes within banks by building the needed bridges between these data islands or stores. Resulting to a single, comprehensive look at data, SAS provides a solid foundation spanning all key facets of risk data aggregation and reporting using powerful analytics and visualization aligned to robust data management capabilities.
“Banks in the UAE like any other banks in the world receive volumes of data that comes from multiple sources and needs extensive efforts in aggregation. Often bespoke calculations are done in excel spreadsheets making it very difficult to manage critical information in an efficient, auditable and transparent way. Ongoing efforts to comply to Basel Committee on Banking Supervision (BCBS239) and IFRS9 will see UAE banks investing a lot towards risk and finance data aggregation, said Sayantan Banerjee, Head of Risk Management Practice for Middle East and Africa at SAS
“SAS Risk Data Aggregation and Reporting offers banks in the UAE to ensure the quality, accuracy and consistency of their data for compliant risk and finance reporting. This solution also aims to function as a safety valve protecting UAE banks from any possible financial risks,” he added.
