KRIS

SAS a credit portfolio management leader, per Chartis

Retrieved on: 
Tuesday, December 19, 2023
Category, SAS, Acquisition, CPM, CARY, KRM, ESG, Asset, Investment, Data management, Intelligence, KRIS, Senior, Risk management

CARY, N.C., Dec. 19, 2023 /PRNewswire/ -- AI and analytics leader SAS has landed in the prestigious Category Leader quadrant in Chartis' Credit Portfolio Management Solutions, 2023: Market and Vendor Landscape. The complementing vendor analysis extols SAS' seamless integration of "data and analytics into every phase of the customer journey," enabling finserv firms to "extract maximum value from their investments."

Key Points: 
  • Chartis' quadrant report is the foremost evaluation of the global credit portfolio management (CPM) market and includes 35 leading vendors.
  • "The integration of Kamakura Risk Manager and KRIS® into the SAS® Viya® platform has significantly strengthened SAS' industry-leading risk management solutions portfolio," said Sidhartha Dash, Chief Researcher at Chartis.
  • "SAS' analytical depth and versatility, from data management and credit scoring to risk modeling and compliance, gives risk managers a deep understanding of the intricate dynamics shaping their credit portfolio risk.
  • SAS Risk Modeling and Decisioning "combines enterprise data management and the breadth and depth of SAS' risk analytics with intuitive decision authoring for real-time portfolio monitoring and decision-making," according to the vendor analysis.

North Carolina Department of Health and Human Services to Modernize Medicaid Systems Platform with KPMG and Red Hat

Retrieved on: 
Wednesday, August 17, 2022
Multimedia, KPMG LLP, Centers for Medicare & Medicaid Services, Red Hat, Inc. v. SCO Group, Inc., Health, Red, Industry, OpenShift, Office of Inspector General, U.S. Department of Health and Human Services, Assistant, KRIS, Technology, Ecosystem, Center, Quaternary, North Carolina Department of Health and Human Services, Human services, Center for Medicare and Medicaid Innovation, LLP, Red Hat, Patient, Medicaid, Program, KPMG, CMS, Public sector, Solution, Health insurance, Fur clothing, Jimmy Simpson (North Carolinian racing driver)

NEW YORK, Aug. 17, 2022 /PRNewswire/ -- KPMG LLP today announced that the State of North Carolina Department of Health and Human Services has selected the KPMG Resource Integration Suite (KRIS) Connected Platform to integrate multiple technology solutions and enable optimized health outcomes across the state. The KRIS Connected Platform primarily uses industry leading enterprise Kubernetes platform, Red Hat OpenShift, to implement a central systems integration cloud platform and modernize the state's Medicaid software operations to help streamline the delivery of critical health services.

Key Points: 
  • The KRIS Connected Platform primarily uses industry leading enterprise Kubernetes platform, Red Hat OpenShift, to implement a central systems integration cloud platform and modernize the state's Medicaid software operations to help streamline the delivery of critical health services.
  • NCDHHS selected KPMG's KRIS Connected Platform powered by Red Hat OpenShift to enhance application and data interoperability for its Medicaid software systems.
  • Charles Carter, Assistant Secretary of Technology Services, State of North Carolina Department of Health and Human Services
    "By leveraging the KPMG KRIS Connected Platform and Red Hat technology, we are bringing North Carolina's Medicaid program into the next generation so we meet the long-term needs of North Carolinians.
  • Red Hat, the Red Hat logo and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.

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

Retrieved on: 
Monday, June 27, 2022
Insurance, Acquisition, KRIS, Viya, Senior, Intelligence, Growth, Industry, Software as a service, ALM, Risk, Philosophy, IP, Folding, Technology, KRM, Organization, Software, Name, CARY, Risk management, Jarrow–Turnbull model, Heath–Jarrow–Morton framework, SAS Institute Inc v World Programming Ltd, Solution, Family, SAS, Research, Kamakura Corporation, POWER, ORRF Risk Research Forum, Management, Satellite navigation device, American International Group

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
Government, Documentation, Risk management, Software, Version 7.0: The Street Scriptures, U.S. Bancorp, Van Deventer, Probability, World, Credit, World Finance Corporation, Technology, Kamakura Corporation, United Kingdom, HJV, Risk, Bayes, World News Media, Bank, Josef Emanuel Hilscher, KRIS

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
Government, Documentation, Risk management, Software, Version 7.0: The Street Scriptures, U.S. Bancorp, Van Deventer, Probability, World, Credit, World Finance Corporation, Technology, Kamakura Corporation, United Kingdom, HJV, Risk, Bayes, World News Media, Bank, Josef Emanuel Hilscher, KRIS

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.

Celebrate Frederick Highlights Holiday Spirit During the 35th Annual Holidays in Historic Frederick Event Series

Retrieved on: 
Wednesday, December 1, 2021
Volunteering, Exhibition, Scent of Mystery, Safety, CEO, Frederick County, KRIS, Maryland, Music, Holiday, Rudolph the Red-Nosed Reindeer (video game), Commerce, Festival, City, Kris Kringle, Town hall, Snowman, Red, Festival of Lights, Contest, 2010 Maryland General Assembly election, Light, Special, Amusement park, Tourism

From a Holiday lights tour to an old-world European Kris Kringle Procession, Celebrate Frederick's 35th Annual Holidays in Historic Frederick event series provides an experience that will prove magical for you and yours.

Key Points: 
  • From a Holiday lights tour to an old-world European Kris Kringle Procession, Celebrate Frederick's 35th Annual Holidays in Historic Frederick event series provides an experience that will prove magical for you and yours.
  • From the exhibit submissions, judges will select the winning work of art to be featured in the 2022 Holidays in Historic Frederick marketing campaign.
  • The Holidays in Historic Frederick would not be possible without the hard work of the volunteers of the Holidays in Historic Frederick Committee, and the following community-minded businesses:
    106.9 The Eagle, FCB Bank, Friends Meeting School, Key 103, Woodsboro Bank and The City of Frederick.
  • For more information about any of the Celebrate Frederick holiday events, please call The City of Frederick Office of Special Events at 301-600-2841 or visit our website at CelebrateFrederick.com.

Kamakura Names Mark Slattery Market Manager for North America

Retrieved on: 
Thursday, September 16, 2021
EMEA, Knowledge, KRIS, Credit, Economics, U.S. Bancorp, ESG, Chartered Financial Analyst, World News Media, Software, Forecasting, Northwestern University Master of Product Design and Development Management, Kamakura Corporation, World Finance Corporation, Risk management, Environment, World, Growth, United Kingdom, MBA, Management

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.