Connect with us

Technology

SAS named by Chartis as a leader for model risk management

Published

on

Analyst firm gives SAS its top rating for 11th straight year, including top marks among all vendors for model governance solutions

CARY, N.C., Jan. 30, 2025 /PRNewswire/ — Chartis Research has once again named SAS a category leader in its Model Risk Management Solutions, 2024 report, the 11th straight year the analyst firm has given SAS its highest rating for MRM. SAS is tabbed as a category leader in two quadrants within the report, including the top score of any vendor for model governance solutions.

SAS received the highest ratings among all vendors for #modelgovernance solutions

SAS is also a category leader in the RiskTech Quadrant for model validation solutions and services (credit).

“The model governance sector is changing, as it adapts to the growing salience of AI models and greater integration with adjacent areas,” said Sid Dash, Chief Researcher at Chartis. “As these shifts occur, SAS continues to be a market leader in the field – as reflected in its rating in our Model Risk Management quadrants.” 

Best-in-class solutions and capabilities
Among 19 vendors evaluated in the model governance solutions quadrant, just one was rated best-in-class for five separate criteria: SAS. Based on its SAS® Model Risk Management solution, the data and AI leader received five-star scores for each of the following:

Model coverage.Governance.Data management.Model inventory.Dashboarding.

In addition, SAS earned two more best-in-class ratings in the model validations solutions and services (credit) evaluation – for supporting tools and for methodological frameworks and structure – along with industry-leading ratings for the remaining four criteria.

‘A clear advantage’ in model governance
In its vendor analysis, Chartis said SAS demonstrates “a forward-thinking approach to managing models across traditional and emerging domains,” addressing both classical aspects of governance that rely on domain knowledge and the demands of AI and generative AI governance, including “advanced capabilities in ModelOps, SecurityOps, DevOps, orchestration and big data management.”

“As a supplier of credit models and tools,” Chartis wrote, “SAS occupies a pivotal role in both risk and accounting functions within banking institutions. This deep integration into the credit business ensures SAS remains a strong provider for institutions aiming to enhance their model validation capabilities.

“SAS’ market potential is further amplified by its ability to offer end-to-end solutions. These solutions cover the lifecycle, from initial development to ongoing validation, and align with existing infrastructures.”

Chartis also commended SAS’ expertise and “proven tools” in retail credit and anti-fraud. “This depth of experience gives SAS a clear advantage,” the analyst firm said, “particularly as regulatory demands increase and governance frameworks become increasingly complex.”

In the model validation category, Chartis wrote that SAS enjoyed “a long-standing reputation for building credit models” and had proven to be adaptable and reliable across banking sectors. The firm cited SAS’ “analytical accelerators” and well-defined data infrastructure as key differentiators within the market.

A growing legacy of leadership in risk management
SAS‘ strong showing in the MRM report reflects its continued momentum in risk management since the company’s 2022 acquisition of Kamakura. In October, SAS placed No. 2 overall in the prestigious Chartis RiskTech100 for the second consecutive year.

And just last month, Chartis named SAS a category leader in all six quadrants of its ALM Solutions, 2024 report, including the highest score of any vendor in overall completeness of offering in the ALM (asset and liability management) solutions quadrant.

“In this rapidly intensifying regulatory environment, there may not be a better time to be a category leader in MRM technology,” said Stu Bradley, Senior Vice President of Risk, Fraud and Compliance Solutions at SAS. “This latest recognition shows that SAS is driving thought leadership in risk management, and its technology is only getting stronger. SAS offers both the experience and best-in-class technology to manage internal and external data and integrate with firms’ existing frameworks, ensuring a cohesive approach across all model governance efforts.”

About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis‘ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.

About SAS
SAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2025 SAS Institute Inc. All rights reserved.

Editorial Contact:
Trey Whittenton
Trey.Whittenton@sas.com
919-531-6829
sas.com/news

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sas-named-by-chartis-as-a-leader-for-model-risk-management-302364465.html

SOURCE SAS

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Wuhan Launches “AI+” Initiative: Single Projects Eligible for up to 20 Million Yuan in Funding

Published

on

By

WUHAN, China, March 13, 2025 /PRNewswire/ — A report from Changjiang Daily:

Recently, the Information Office of Wuhan Municipal People’s Government held a press conference on several policy measures to promote the development of the artificial intelligence (AI) industry in Wuhan. The city announced the launch of an “AI+” initiative this year, aiming to promote large model applications across more than 20 industries.

This initiative, based on the Wuhan Municipal Policies for Promoting the Development of the Artificial Intelligence Industry, comprises ten key measures. These include supporting technological breakthroughs, enhancing computing power supply, and promoting model innovation, all aimed at accelerating the construction of a full AI industry chain ecosystem. The policies will be application-scenario driven, focusing on core elements such as computing power, models, data, and talent. Wuhan will allocate no less than 10 million yuan annually in computing power service subsidies to ease the burden on SMEs, and provide up to 20 million yuan in support for individual key technology projects.

Reports indicate that Wuhan’s AI industry is projected to exceed 70 billion yuan in scale by 2024, with an average annual growth rate exceeding 30% in the past three years and over 1,000 companies. Furthermore, Wuhan has successfully deployed the world’s first multi-modal large model with over 100 billion parameters, “Zidong Taichu” 3.0, and a domestic general-purpose large model R&D platform.

The press conference also highlighted policy focuses on key areas, including humanoid robots, intelligent connected vehicles, and dataset construction. For humanoid robots, Wuhan will promote the development of a full industrial chain for core components, striving for breakthroughs in cognitive, decision-making, and collaborative capabilities. For intelligent connected vehicles, Wuhan will promote the early mass production of intelligent driving models and collaborate with companies such as Huawei and Baidu. Furthermore, dataset construction will promote the classified development of public, enterprise, and personal data to build high-quality datasets.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wuhan-launches-ai-initiative-single-projects-eligible-for-up-to-20-million-yuan-in-funding-302401690.html

SOURCE Changjiang Daily

Continue Reading

Technology

CAAPS for Microsoft Dynamics 365 Finance is now available in the Microsoft Azure Marketplace

Published

on

By

AP Automation solution for Dynamics 365 Finance now available in Azure Market Place.

ADELAIDE, Australia, March 13, 2025 /PRNewswire-PRWeb/ — Acumen Data’s CAAPS for Microsoft Dynamics 365 Finance is now available in the Microsoft Azure Marketplace

CAAPS for Microsoft Dynamics 365 Finance is now available in the Microsoft Azure Marketplace

Microsoft customers in Australia and New Zealand can now access CAAPS, benefiting from its procurement cost optimization, easy receipt creation, cost reduction, improved productivity for accounts payable, and reduced risk of fraud.

Adelaide, SA, AustraliaMarch 13, 2025 — Acumen Data today announced the availability of CAAPS in the Microsoft Azure Marketplace, an online store offering applications and services for use on Azure. Acumen Data customers can now leverage the productive and trusted Azure cloud platform with streamlined deployment and management.

With over twenty-five years of experience, Acumen Data has been dedicated to developing solutions that enhance business efficiency and reduce risk, serving clients in twenty-six countries.

CAAPS is designed for medium-sized to large enterprises that prioritize efficiency, cost reduction, and security. It helps businesses save by informing procurement teams of the best prices for all purchased items. Unlike the common practice of contracting large suppliers while making ad hoc purchases for other items, CAAPS ensures that every purchaser at all locations knows the best prices.

CAAPS also saves time with Microsoft Dynamics 365 Finance by enabling one-click receipt of goods and services, eliminating the need for line-by-line processing.

Accounts Payable (AP) teams benefit from multiple time-saving tools, reducing the labor involved in invoice processing. Additionally, risk is minimized with the inclusion of FraudDefender®.

“Being approved for the listing in Microsoft’s commercial marketplace is an excellent opportunity to assist Microsoft’s clients in the drive to use technology smarter,” said Richard Bates, CEO, Acumen Data. “The marketplace is the most important app store for businesses.”

“Microsoft Azure Marketplace welcomes CAAPS, which joins a cloud marketplace landscape predicted to grow revenue 500% from 2022 to 2025,” said Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. “Thanks to Azure Marketplace and partners like Acumen Data, customers can do more with less by increasing efficiency, buying confidently, and spending smarter.”

The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure, connecting companies seeking innovative cloud-based solutions with partners who have developed ready-to-use offerings.

Today, Acumen Data is committed to introducing forward-thinking businesses to new standards in accounts payable automation. The team specializes in developing highly flexible and configurable AP solutions that can be tailored to meet the unique needs of businesses across various sectors. Acumen Data is proud to be a market leader in AP automation, solving traditional challenges while presenting groundbreaking innovations that provide clients with new visibility, insights, and growth opportunities.

For more information, press only:

Richard Bates

CEO

Acumen Data

Richard.bates@acumendata.com

M: 0419 859 581

O: 08 8113 7200

Media Contact

Richard Bates, Acumen Data Pty Ltd, 61 419859581, richard.bates@acumendata.com, https://caaps.com/caaps-for-dynamics-365-finance/

View original content:https://www.prweb.com/releases/caaps-for-microsoft-dynamics-365-finance-is-now-available-in-the-microsoft-azure-marketplace-302400694.html

SOURCE Acumen Data

Continue Reading

Technology

Crunchie Meltz Champions Women Leaders at Her Courage Leaders Summit 2025

Published

on

By

SINGAPORE, March 14, 2025 /PRNewswire/ — Homegrown artisanal brownie brand Crunchie Meltz is stepping up to support women in leadership as an official partner of the Her Courage Leaders Summit 2025 by Class Living, happening on April 5, 2025. The summit, which celebrates resilience, leadership, and empowerment among women, aligns with Crunchie Meltz’s vision of creating a positive community impact beyond just sweet treats.

The event will bring together inspiring women leaders, entrepreneurs, and change-makers to share their stories, and Crunchie Meltz will be contributing in a special way—crafting exclusive brownies for the summit’s participants as a symbol of encouragement and perseverance. This partnership marks a significant moment for the artisanal brand, highlighting its commitment to not only baking but also creating meaningful connections within the community.

Beyond Brownies: Crunchie Meltz Expands Community Initiatives

This latest collaboration underscores Crunchie Meltz’s growing commitment to using baking as a force for good. Co-founders Simon Yio and Chef Evon Chan are not only passionate about their artisanal brownies but also about fostering meaningful experiences through baking. Their vision is to create more than just a business; they aim to craft memories, inspire change, and build connections through the simple joy of delicious, thoughtfully made treats.

Building on this momentum, Crunchie Meltz is also partnering with a local training company, ThinkBox Solutions and Class Living to develop an innovative Parent-Child Bakery Program. The initiative, set to launch later this year, will give families the opportunity to bond over shared experiences in the kitchen, learning the secrets behind the brand’s signature brownies. “We believe baking is more than just a craft — it’s a way to bring people together,” says Simon Yio, Co-Founder of Crunchie Meltz. “Whether it’s supporting women leaders at Her Courage Leaders Summit or creating meaningful parent-child experiences, we want to make an impact beyond our brownies.”

Customer Review: A Sweet Success

Crunchie Meltz’s focus on quality and flavour continues to win the hearts of dessert lovers. Here’s what one of our loyal customers, Amar Kumar, had to say about our signature brownie:

“This brownie with a cookie top is amazing! The brownie is rich, fudgy, and perfectly sweet, while the cookie on top is warm, chewy, and golden on the edges. The combination of the soft brownie and the slightly crisp cookie is just perfect. Each bite is a delicious mix of flavors and textures, with the chocolatey brownie and buttery cookie blending so well. It’s a sweet, satisfying treat that’s hard to resist—one of the best desserts you’ll ever try!”

Such enthusiastic responses from customers have fuelled Crunchie Meltz’s success and reinforced its mission to spread joy through every bite.

A Growing Brand with a Heart

Since its launch in September 2024, Crunchie Meltz has garnered over 60 positive reviews across Google and Facebook, with foodies and dessert enthusiasts praising the brand’s dedication to quality, taste, and presentation. The brand’s signature treats, including CookieCrunch, ChocoCrunch, CrunchieDark brownies and FlorenCrunch, a healthy snack baked with nuts and seeds, continue to delight customers, offering a delightful balance of textures and flavours.

Looking ahead, Crunchie Meltz has exciting plans for further expansion, including the launch of its “Bake for Hope” CSR program in early 2026. This initiative aims to use baking as a platform to support social causes and give back to the community. As the company grows, Crunchie Meltz remains committed to making a lasting, positive impact — one brownie at a time.

About Crunchie Meltz

Crunchie Meltz is a homegrown artisanal brownie brand celebrated for its rich, chocolatey treats crafted with care and the finest ingredients. From the classic ChocoCrunch to the decadent CrunchieDark and the innovative CookieCrunch, each brownie is baked to perfection with a unique touch.

Whether for corporate gifting, special occasions, or personal indulgence, Crunchie Meltz delivers moments of sweetness and joy to customers across Singapore. With a focus on quality, community, and connection, Crunchie Meltz continues to grow and inspire, proving that a small business with a big heart can create a lasting impact.

For more information, visit www.crunchiemeltz.sg

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/crunchie-meltz-champions-women-leaders-at-her-courage-leaders-summit-2025-302400690.html

SOURCE Crunchie Meltz

Continue Reading

Trending