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United Overseas Bank CRO Discusses Interplay Between Risk Classes and Developing Better Risk Controls for Banking - In Near-Real Time

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Executive Summary

For many of today's large, multinational banks, however, pricing assets and optimizing portfolios are immensely complex endeavors. United Overseas Bank (UOB) needed to calculate multiple risk factors on millions of loans and security instruments; however the process would take days which was too slow to give accurate risk insights. To master these challenges UOB chose SAS Institute. UOB deployed SAS High-Performance Computing. With this solution UOB were able to calculate risk at near real time, take products to market sooner and exit markets sooner, business opportunities discovered for a real competitive edge.

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