To enhance its credit risk management capabilities and help comply with Basel II regulation, Bank of the West has selected software from SAS, a provider of business analytics software and services. The bank plans to help generate, deploy, validate and monitor critical risk models in an integrated, auditable and flexible platform.
SAS Credit Scoring for Banking combines SAS software’s data management, analytic and reporting capabilities to provide a powerful in-house credit scoring solution. This solution helps lenders implement, credit scorecards faster, through a more cost-effective delivery process than any outsourcing alternative.
SAS Credit Scoring for Banking is designed to automate the model development and validation process, increasing the time spent on reviewing analytic insights versus time spent on reviewing data.
Schyler Thiessen, senior vice president of risk governance, policies and modeling at Bank of the West, said: “Bank of the West wished to improve performance and service benefits through better analytics and risk management. In addition to the comprehensive analytic framework and implementation platform, SAS provided the right blend of functional, operational and financial specification we required.”
