Allied Bank, one of Pakistan’s oldest banks, has embarked on a major risk management project and has enlisted a number of SAS products for the task.
Founded in 1942 as Pakistan’s first Muslim bank, Allied will deploy a combination of SAS Customer Intelligence, SAS for Enterprise Risk Management and SAS Enterprise BI Server. These products will automate risk management, customer segmentation and use behavior scoring to help Allied meet the data management and reporting requirements of Basel II.
“An integrated approach to risk management is crucial for enabling organizations to consolidate exposures, measure risk and perform stress tests across all lines of business,” says David Rogers, global product marketing manager for risk at SAS, who says the deployment will also allow the bank to adhere to risk mitigation policies outlined by the Financial Stability Forum of international financial regulators. This consortium of mostly European, Middle Eastern and Asian institutions and regulators issues reports and guidance on topics such as executive compensation cross border disaster recovery and continuity.
These SAS deployment will also allow the bank to deploy an automated reporting system, which will enable it to launch and manage more consumer products in less time.