Asset and liability management

Analysts spotlight SAS leadership in AI, risk, fraud and retail

Retrieved on: 
Monday, January 29, 2024
Transfer, Asset and liability management, KYC, Customer, Artificial intelligence, Fraud, Insurance, Asset, SAS, AI, Risk, Analytics, ALM, Capital, Organization, AML, Data science, Human voice, Satellite navigation device

CARY, N.C., Jan. 29, 2024 /PRNewswire/ -- In 2024, artificial intelligence (AI) remains the hottest area in tech. And AI and advanced analytics continue to power a host of important business functions, from managing risk to fighting fraud to improving operations in banking, insurance, retail and other industries.

Key Points: 
  • Once again, top analyst firms have recognized SAS for its leadership in AI and risk, fraud and industry solutions.
  • For thousands of organizations today, their choice in these areas is SAS, the leader in AI and analytics.
  • 2 overall ranking (November 2023)
    Chartis RiskTech Quadrant for Credit Portfolio Management Solutions, 2023 – SAS named a Leader (October 2023)
    Chartis RiskTech Quadrant for Asset and Liability Management (ALM) Solutions, 2023 – SAS named a Leader (August 2023)
    Chartis RiskTech Quadrant for Capital and Balance Sheet Optimization Solutions, 2023 – SAS named a Leader (August 2023)
    Chartis RiskTech Quadrant for Liquidity Risk Management Solutions, 2023 – SAS named a Leader (August 2023)
    Chartis RiskTech Quadrant for Funds Transfer Pricing Solutions, 2023 – SAS named a Leader (August 2023)
    Chartis RiskTech Quadrant for Anti-Money Laundering (AML) Transaction Monitoring Solutions, 2023 – SAS named a Leader (November 2023)
    Chartis RiskTech Quadrant for Fraud and Anti-Money Laundering (FRAML) Solutions, 2023 – SAS named a Leader (October 2023)
    Chartis RiskTech Quadrant for Know Your Customer (KYC) Solutions, 2023 – SAS named a Leader (September 2023)
    The Forrester Wave™: Retail Planning Platforms, Q4 2023 – SAS named a Leader (November 2023)
    Last May, SAS committed $1 billion to expand its industry-specific AI offerings.
  • "Once again, top analyst firms have recognized SAS for its leadership in AI and advanced analytics, and risk, fraud and industry solutions.

SAS helps banks tackle risk in the cloud

Retrieved on: 
Tuesday, September 19, 2023
Asset and liability management, Partnership, Senior, Financial services, APS, Asset, Risk management, Microsoft, Jews and the American Slave Trade, SAS, ORRF Risk Research Forum, ALM, Risk, Machine learning, Corporation, Microsoft Azure, Growth, Azure, AI, Gerald Celente, Regulation, Bank

CARY, N.C., Sept. 19, 2023 /PRNewswire/ -- As financial firms maneuver the continued fallout of recent bank failures, analytics and AI leader SAS is expanding its partnership with Microsoft to help banks better manage looming liquidity and interest rate risks. SAS® Asset and Liability Management (ALM), powered by Kamakura Risk Manager on Microsoft Azure, supports multi-period, scenario-based, integrated simulation and valuation for risk management, capital allocation and balance sheet optimization.

Key Points: 
  • SAS® Asset and Liability Management (ALM), powered by Kamakura Risk Manager on Microsoft Azure, supports multi-period, scenario-based, integrated simulation and valuation for risk management, capital allocation and balance sheet optimization.
  • SAS ALM on Microsoft Azure arms banks with powerful AI and analytics to manage liquidity and interest rate risks.
  • Partnering with Microsoft to accelerate risk innovation in the cloud, we broaden our mutual reach and impacts, helping banks, insurers and other financial industry players mitigate and minimize risk in this persistently uncertain climate."
  • Register to download The balance sheet risk conundrum, a joint ALM white paper by SAS and Microsoft.

SCOR launches its new strategic plan: “Forward 2026”

Retrieved on: 
Thursday, September 7, 2023
Heart, SCOR, Solvency ratio, Donnelley Financial Solutions, Value, Longevity, Mass meeting, P&C, L&H, Carbon, Protection, Science, Asset and liability management, Liability, Share repurchase, EUR, Chartered Property Casualty Underwriter, ALM, Climate change, Williams v Natural Life Health Foods Ltd, Risk, Forward, CSM, Growth, ESG, Society, Environment, AA, General assembly, Calibration, Reinsurance, Pet industry, Insurance, Industrial design, Renewable energy, Bank, Management, Holding company, Coaction Specialty Insurance, Investment

At its 2023 Investor Day in Paris, SCOR presents its new strategic plan for 2024-2026, Forward 2026.

Key Points: 
  • At its 2023 Investor Day in Paris, SCOR presents its new strategic plan for 2024-2026, Forward 2026.
  • With Forward 2026, SCOR will drive value creation for its shareholders, clients, employees, and for society as a whole.
  • Through this strategic plan, SCOR will strengthen its global leadership and become a dynamic, data-driven manager of risk, capital, and resources.
  • Fabrice Brégier, Chairman of SCOR, comments: “Thierry Léger and his team have built an ambitious strategic plan for SCOR for the next three years.

Survey: Risk pros sound alarm on asset liability management readiness

Retrieved on: 
Tuesday, June 27, 2023
Treasury, Asset and liability management, Research report, Senior, Financial services, Asset, API, Silicon Valley Bank, Kamakura Corporation, Risk management, Research, Tier 3, SAS, ORRF Risk Research Forum, ALM, Acquisition, SVB, Investment, Machine learning, GARP, Foresight, Signature Bank, First Republic Bank, News, Automation, Bank, Risk, Gerald Celente

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.

BURFORD CAPITAL PROVIDES UPDATE ON STRONG 2022 BUSINESS ACTIVITY

Retrieved on: 
Wednesday, March 15, 2023
Annual report, Comment, Ernst & Young, IRR, Record, SEC Rule 144A, NYSE, Public access, EDT, Risk, Regulation, COVID-19, Burford Capital, Disclosure, District court, Economic Insights, Bank statement, GMT, GAAP, Data science, Asset and liability management, PACER, YPF, LSE, Commonwealth of Australia (US securities entity), Use, Cryptocurrency, Television, Bank, Pharmaceutical industry, Vaccine, Security (finance), Risk management, Video game, Palladium

NEW YORK, March 15, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today releases an update on its 2022 business activity.

Key Points: 
  • NEW YORK, March 15, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today releases an update on its 2022 business activity.
  • In addition, we have released a 2022 Business Review which is available at [LSE URL] and on the Burford Capital website at http://investors.burfordcapital.com .
  • Christopher Bogart, Burford Capital's Chief Executive Officer, commented:
    "Burford had a strong 2022, with record new business activity and meaningful cash generation and portfolio activity.
  • 2022 was a strong year for new business, with new commitments and deployments both setting new records.

Consolidated balance sheet of the Eurosystem as at 31 December 2022

Retrieved on: 
Monday, February 27, 2023
ISSN, Central bank, PDF, Asset and liability management, Eurosystem, Website, Reproduction, Book

Consolidated balance sheet of the Eurosystem as at 31 December 2022

Key Points: 
  • Consolidated balance sheet of the Eurosystem as at 31 December 2022
    Assets
    Liabilities
    © European Central Bank, 2023
    Postal address 60640 Frankfurt am Main, Germany
    Telephone +49 69 1344 0
    Website www.ecb.europa.eu
    All rights reserved.
  • Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged.
  • PDF ISBN 978-92-899-5907-0, ISSN 2443-5015, doi:10.2866/552113, QB-BT-23-001-EN-N
    HTML ISBN 978-92-899-5920-9, ISSN 2443-5015, doi:10.2866/87516, QB-BT-23-001-EN-Q

Askari Bank Limited Partners with SAS to Accelerate their Digitization Journey

Retrieved on: 
Wednesday, May 25, 2022
Internet, SAS, Risk, Leadership, Solution, Automation, Compliance, Risk management, Asset and liability management, PKR, Efficiency, Culture, Industry, State bank, Awareness, Technology, State Bank of Pakistan, Intelligence, Growth, Liability, Digitization, Maine Liquor Licensing and Compliance Division, TRA

ISLAMABAD, Pakistan, May 25, 2022 /PRNewswire/ -- Askari Bank Limited, a leading banking institution in Pakistan, has optimized its Compliance and Risk processes through automation to strengthen regulatory compliance by collaborating with industry leader SAS. By using Governance & Compliance Manager (SAS GCM) Solutions from SAS, the bank aims to confidently address changing regulatory requirements, and ensure greater efficiency, effectiveness and transparency in performance.

Key Points: 
  • By using Governance & Compliance Manager (SAS GCM) Solutions from SAS, the bank aims to confidently address changing regulatory requirements, and ensure greater efficiency, effectiveness and transparency in performance.
  • The collaboration between Askari Bank Limited and SAS was facilitated by The Risk Advisor (TRA), a leading, independent global risk management consultancy, having a presence in Pakistan, that provides intelligence, investigations and security services.
  • Askari Bank Limited caters to the commercial banking service industry of Pakistan.
  • SAS Governance & Compliance Manager (SAS GCM) Solutions are designed to create a risk and Compliance awareness culture within banks.

First Financial to Acquire Summit Funding Group

Retrieved on: 
Tuesday, December 7, 2021
Taft Stettinius & Hollister, Trust, Environment, Income, Projection, Forward-looking statement, Company, File, Knowledge, Growth, First Financial Bank (Ohio), LLP, First, Private Securities Litigation Reform Act, First Financial Bank, Commercial finance, Dodd–Frank Wall Street Reform and Consumer Protection Act, Unemployment, Consumer Protection Act, Industry, Wealth management, Nature, Lazard, COVID-19, Asset and liability management, Multimedia, Legislation, Sale, Nasdaq, Acquisition, Keefe, Bruyette & Woods, Management, Bank, Financial adviser, Risk management, Financial services

(Nasdaq: FFBC) ("First Financial") announced today that it has entered into an agreement to acquire Cincinnati-based Summit Funding Group, Inc. ("Summit"), the fourth largest independent equipment financing platform in the United States.

Key Points: 
  • (Nasdaq: FFBC) ("First Financial") announced today that it has entered into an agreement to acquire Cincinnati-based Summit Funding Group, Inc. ("Summit"), the fourth largest independent equipment financing platform in the United States.
  • Upon completion of the transaction, Summit will become a subsidiary of First Financial Bank, with current Summit leadership and all associates continuing in their positions, led by Founder and CEO Rick Ross.
  • As a subsidiary, Summit will continue to operate under the name Summit Funding Group, taking advantage of the company's exceptional brand recognition within the equipment finance industry, particularly with small-to-medium sized businesses.
  • Keefe, Bruyette & Woods, a Stifel Company, served as financial advisor to Summit, and Taft Stettinius & Hollister LLP served as legal counsel.

Ninety-Five Percent of Global Insurers Believe Climate Risk is Investment Risk

Retrieved on: 
Monday, November 15, 2021
Banking, Professional Services, Environment, Finance, ETF, Climate change, View, Industry, Asset and liability management, BlackRock, Technology, Insurance, Income, Investment, Research, Lists of disasters, Asset, ALM, Thought, ESG, US, Risk, Risk management, Renewable energy, Bank, the BlackRock Global Insurance Survey, BlackRock, THE BLACKROCK GLOBAL INSURANCE SURVEY, BLACKROCK

Insurers growing focus on sustainability should be a clarion call for the investment industry.

Key Points: 
  • Insurers growing focus on sustainability should be a clarion call for the investment industry.
  • Sustainable investing has continued to rise in prominence among global insurers, reflecting the tectonic shift towards sustainable investing.
  • While geopolitical risk remains the top concern for insurers, environmental risk is now considered a serious threat to their firms investment strategy, with more than one in three respondents citing it as a potential headwind.
  • A comprehensive and transparent view of dynamic portfolio risk, particularly risk associated with climate change, is not just a competitive edge for insurers its a necessity.

Fidelity D & D Bancorp, Inc. Announces Retirement of Director Mary E. McDonald

Retrieved on: 
Friday, September 3, 2021
Financial services, Finance, Money, United States federal banking legislation, Systemic risk, Great Recession in the United States, Bank, Economic history of Italy, Dodd–Frank Wall Street Reform and Consumer Protection Act, Asset and liability management, Federal Reserve, U.S. Bancorp

DUNMORE, Pa., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (Fidelity), the parent bank holding company of The Fidelity Deposit and Discount Bank (Fidelity Bank), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announces the retirement of Mary E. McDonald, Assistant Secretary, as a Director effective today.

Key Points: 
  • DUNMORE, Pa., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (Fidelity), the parent bank holding company of The Fidelity Deposit and Discount Bank (Fidelity Bank), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announces the retirement of Mary E. McDonald, Assistant Secretary, as a Director effective today.
  • Ms. McDonald has been a Director of the Company and member of the Banks Board of Directors since 2000.
  • Fidelity Bank President and Chief Executive Officer, Daniel J. Santaniello added, We are grateful to have had the opportunity to work alongside Mary for so long.
  • About Fidelity D & D Bancorp, Inc.
    Fidelity D & D Bancorp, Inc. has built a strong history as trusted financial advisor to the clients served by The Fidelity Deposit and Discount Bank (Fidelity Bank).