Kamakura Corporation

SAS awarded IFRS 17 solution of the year by Asia Risk Awards

Retrieved on: 
Monday, November 27, 2023

CARY, N.C., Nov. 27, 2023 /PRNewswire/ -- SAS has been awarded IFRS 17 solution of the year for 2023 by the Asia Risk Awards. Recognizing "...solutions providers that serve financial services firms in meaningful and innovative ways," the Asia Risk Awards are the longest-running awards program for firms involved in risk management in Asia.

Key Points: 
  • CARY, N.C., Nov. 27, 2023 /PRNewswire/ -- SAS has been awarded IFRS 17 solution of the year for 2023 by the Asia Risk Awards.
  • Recognizing "...solutions providers that serve financial services firms in meaningful and innovative ways," the Asia Risk Awards are the longest-running awards program for firms involved in risk management in Asia.
  • The Asia Risk Awards win caps a year of recognition of SAS' newly enriched and expanded risk management offerings.
  • "SAS' IFRS 17 solution is shaped by insurance and risk practitioners on the front lines of a new era of compliance.

SAS an asset liability management technology leader, per Chartis

Retrieved on: 
Tuesday, August 8, 2023

CARY, N.C., Aug. 8, 2023 /PRNewswire/ -- Chartis Research has recognized SAS as an asset liability management technology (ALM) category leader. SAS earned this prestigious designation in all four RiskTech Quadrants of Chartis's recently published report ALM Technology Systems, 2023: Market Update and Vendor Landscape:

Key Points: 
  • CARY, N.C., Aug. 8, 2023 /PRNewswire/ -- Chartis Research has recognized SAS as an asset liability management technology (ALM) category leader.
  • SAS earned this prestigious designation in all four RiskTech Quadrants of Chartis's recently published report ALM Technology Systems, 2023: Market Update and Vendor Landscape:
    ALM solutions .
  • Among SAS' key FTP strengths, according to the Vendor Analysis, "SAS provides models that can reflect a range of cashflow profiles, term structures and optionality [for profitability analysis].
  • "SAS' strong showing in Chartis's latest analysis of ALM technology vendors reflects how its vision is coming to fruition," said Sidhartha Dash, Research Director at Chartis.

Survey: Risk pros sound alarm on asset liability management readiness

Retrieved on: 
Tuesday, June 27, 2023

CARY, N.C., June 27, 2023 /PRNewswire/ -- The sudden fall of Silicon Valley Bank (SVB) in March was a staccato siren shattering a period of relative calm in the financial services industry. Between 2015 and 2022, bank failures averaged less than four per year – with none at all in 2021 and 2022. SVB's ripple effects have intensified attention on asset liability management (ALM), a long-overlooked facet of risk management. How financial firms are adapting is the subject of a new ALM research study by Celent, sponsored by analytics leader SAS.

Key Points: 
  • SVB's ripple effects have intensified attention on asset liability management (ALM), a long-overlooked facet of risk management.
  • SAS.com/almstudy
    The resulting report, Modernizing Asset Liability Management, is based on a global survey of 266 risk-focused finserv professionals in 22 countries.
  • Most firms (80%) are considering significant improvements to their ALM functions, although planned investments vary by firms' asset size.
  • Join risk experts from SAS, Celent, GARP and American AgCredit on demand to probe:
    Essential analytic capabilities and must-have functionalities.

SAS an actuarial modeling and financial planning systems leader, says Chartis

Retrieved on: 
Thursday, March 23, 2023

CARY, N.C., March 23, 2023 /PRNewswire/ -- As inflation and interest rates surge alongside evolving regulation, analytics offer a compass for regulators, (re)insurers and their clients navigating nebulous outlooks. Amidst turbulent market conditions, independent research firm Chartis declared analytics giant SAS a RiskTech Quadrant® Leader in three categories for actuarial modeling and financial planning systems:

Key Points: 
  • Amidst turbulent market conditions, independent research firm Chartis declared analytics giant SAS a RiskTech Quadrant® Leader in three categories for actuarial modeling and financial planning systems :
    Independent research firm Chartis declared analytics giant SAS a RiskTech Quadrant® Leader in four categories.
  • Actuarial modeling and financial planning systems – risk and capital management.
  • Actuarial modeling and financial planning systems – financial planning and analysis.
  • The newly published Vendor Analysis is based on the Chartis quadrant report Actuarial Modeling and Financial Planning Systems, 2022: Market and Vendor Landscape, published in September.

Third-party Banking Software Global Market Report 2022: Featuring Microsoft, IBM, Accenture, Oracle, SAP, Tata Consultancy & More

Retrieved on: 
Friday, October 21, 2022

The global third-party banking software market size is expected to reach USD 47.90 billion by 2030, growing at a CAGR of 7.9% from 2022 to 2030, according to this study conducted.

Key Points: 
  • The global third-party banking software market size is expected to reach USD 47.90 billion by 2030, growing at a CAGR of 7.9% from 2022 to 2030, according to this study conducted.
  • The growing prevalence of online banking solutions worldwide to improve customer experience is anticipated to drive the industry expansion.
  • Moreover, the rapid development in the Banking, Financial Services, and Insurance (BFSI) sector is expected to increase the need for third-party banking software.
  • In line with this, the snowballing of digital payment platforms is expected to raise the demand for third-party banking software hence, fueling the market growth.

Third-party Banking Software Global Market Report 2022: Strategic Partnerships and Acquisitions by Prominent Market Players Boosting Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 12, 2022

The global third-party banking software market size is expected to reach USD 47.90 billion by 2030, growing at a CAGR of 7.9% from 2022 to 2030, according to this study conducted.

Key Points: 
  • The global third-party banking software market size is expected to reach USD 47.90 billion by 2030, growing at a CAGR of 7.9% from 2022 to 2030, according to this study conducted.
  • The strategic partnerships and acquisitions by prominent market players to overcome the problems in the ecosystem, such as reducing the overall risk and enhancement of product offerings, are expected to accentuate the growth.
  • Moreover, the rapid development in the Banking, Financial Services, and Insurance (BFSI) sector is expected to increase the need for third-party banking software.
  • In line with this, the snowballing of digital payment platforms is expected to raise the demand for third-party banking software hence, fueling the market growth.

SAS acquires Kamakura to propel risk technology innovation as financial sector braces for volatility

Retrieved on: 
Monday, June 27, 2022

CARY, N.C., June 27, 2022 /PRNewswire/ -- Global AI and analytics leader SAS has acquired Honolulu-based Kamakura Corporation. Privately held Kamakura provides specialized software, data and consulting that helps financial organizations across the spectrum – banks, insurance companies, asset managers, pension funds and more – manage a variety of financial risks.

Key Points: 
  • "This acquisition is an extension of tremendous investments already made in SAS' cloud-ready risk management platform and integrated solutions," said SAS co-founder and CEO Jim Goodnight.
  • "It signals our intent to advance market-changing risk solutions to solve the most pressing challenges our financial services customers face.
  • We foresee that the resulting strength of SAS technology, paired with Kamakura's risk analytics and credit models, will prove far greater than the sum of its parts."
  • In acquiring Kamakura, SAS aims to deliver an unparalleled suite of integrated risk solutions, particularly around asset liability management (ALM), and serve additional facets of the financial services industry.

Kamakura Releases Seventh Generation Public Firm Default Probability Models

Retrieved on: 
Tuesday, April 19, 2022

NEW YORK, April 19, 2022 /PRNewswire/ -- Kamakura Corporation reported Tuesday that the seventh generation of Kamakura public firm default models is being rolled out to central banks, regulatory agencies, banks, insurance firms, fund managers and government clients world-wide.  The seventh-generation models, the Kamakura Risk Information Services ("KRIS") version 7.0 models, include the state-of-the-art Jarrow-Chava reduced form model, a modern econometric implementation of the Merton model, and a Jarrow-Merton hybrid model in the reduced form model framework. The models were benchmarked on more than 4.3 million observations from 24 countries. The KRIS 7.0 models mark the 20th anniversary of first KRIS models released in 2002. Version 7.0, which has been in development since 2017, reflects a daily out-of-sample cross-validation using traded bond prices and the Hilscher, Jarrow and van Deventer reduced form bond model.

Key Points: 
  • NEW YORK, April 19, 2022 /PRNewswire/ -- Kamakura Corporation reported Tuesday that the seventh generation of Kamakura public firm default models is being rolled out to central banks, regulatory agencies, banks, insurance firms, fund managers and government clients world-wide.
  • The Hilscher, Jarrow and van Deventer 'HJV' model allows Kamakura to test default models not only on binary default/no default flags but also on traded bond prices.
  • Martin Zorn, president and chief operating officer of Kamakura Corporation, commented "The KRIS 7.0 models continue to demonstrate that high leverage and rapid movements in important macro factors drive public firm default around the world.
  • A supplemental subscription to the KRIS Macro Factor Service provides a sophisticated econometric relationship between fully disclosed macro factors and historical default probabilities for each combination of firm, default model, and default probability maturity.

Kamakura Releases Seventh Generation Public Firm Default Probability Models

Retrieved on: 
Tuesday, April 19, 2022

NEW YORK, April 19, 2022 /PRNewswire/ -- Kamakura Corporation reported Tuesday that the seventh generation of Kamakura public firm default models is being rolled out to central banks, regulatory agencies, banks, insurance firms, fund managers and government clients world-wide.  The seventh-generation models, the Kamakura Risk Information Services ("KRIS") version 7.0 models, include the state-of-the-art Jarrow-Chava reduced form model, a modern econometric implementation of the Merton model, and a Jarrow-Merton hybrid model in the reduced form model framework. The models were benchmarked on more than 4.3 million observations from 24 countries. The KRIS 7.0 models mark the 20th anniversary of first KRIS models released in 2002. Version 7.0, which has been in development since 2017, reflects a daily out-of-sample cross-validation using traded bond prices and the Hilscher, Jarrow and van Deventer reduced form bond model.

Key Points: 
  • NEW YORK, April 19, 2022 /PRNewswire/ -- Kamakura Corporation reported Tuesday that the seventh generation of Kamakura public firm default models is being rolled out to central banks, regulatory agencies, banks, insurance firms, fund managers and government clients world-wide.
  • The Hilscher, Jarrow and van Deventer 'HJV' model allows Kamakura to test default models not only on binary default/no default flags but also on traded bond prices.
  • Martin Zorn, president and chief operating officer of Kamakura Corporation, commented "The KRIS 7.0 models continue to demonstrate that high leverage and rapid movements in important macro factors drive public firm default around the world.
  • A supplemental subscription to the KRIS Macro Factor Service provides a sophisticated econometric relationship between fully disclosed macro factors and historical default probabilities for each combination of firm, default model, and default probability maturity.

Kamakura Names Mark Slattery Market Manager for North America

Retrieved on: 
Thursday, September 16, 2021

NEW YORK, Sept. 16, 2021 /PRNewswire/ -- Kamakura is pleased to announce that Mark Slattery, who has over 30 years' experience in financial services and specializes in asset liability management, financial modeling and forecasting, risk management, capital optimization and financial investments, has been named Market Manager for North America.

Key Points: 
  • NEW YORK, Sept. 16, 2021 /PRNewswire/ -- Kamakura is pleased to announce that Mark Slattery, who has over 30 years' experience in financial services and specializes in asset liability management, financial modeling and forecasting, risk management, capital optimization and financial investments, has been named Market Manager for North America.
  • Mark joined Kamakura in 2011 as Managing Director for North American Client Services.
  • Since then, he has made significant contributions to the growth Kamakura has experienced in that market.
  • Mark is a proven leader who can help clients navigate these uncertain times," said Kamakura founder and Chairman Dr. Donald R. van Deventer.