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SOURCE SAP AG
WALLDORF, Germany, Oct. 10, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced that Chartis Research has positioned the company as a "Category Leader" in two recent reports, "Data Management and BI for Risk" and "Basel III Technology Solutions." The rankings were based on Chartis' evaluations of data and risk management, predictive analytics, data mining and reporting capabilities for banks within the SAP HANA® platform.
"As we continue to expand SAP's global footprint, we have found our banking customers dealing with an unprecedented amount of risk and regulatory requirements," said Falk Rieker, global head, Industry Business Unit Banking, SAP. "The results of the Chartis reports reflect our commitment to providing customers a comprehensive, enterprise view of risk. SAP solutions for Basel III, data management and business intelligence complement our overall strategy of building in-memory solutions with a data model that supports different aspects of finance, risk and compliance to provide real-time, consistent calculations."
Chartis Research is dedicated to analyzing the systems, products, vendors, applications and trends in the risk technology marketplace. In the "Data Management and BI for Risk" report, Chartis examined 16 technology vendors' risk management solutions and noted SAP's experience with risk and finance integration as a key differentiator. Data management and business intelligence solutions (BI) from SAP are built on SAP HANA and consist of three layers to support an integrated architecture with in-memory technology for real-time processing.
Chartis also considered 19 vendors for the "Basel III Technology Solutions" report, and highlighted the SAP platform, which leverages SAP HANA to provide enterprise-wide risk reporting designed to meet the Basel Committee's principles. SAP software for Basel III enables reports on market risk, credit risk, operational risk, liquidity risk, capital definition and risk-adjusted return on capital.
The reports use Chartis' RiskTech Quadrant™ to explain the market structure, which employs a methodology of in-depth independent research and a clear scoring system to explain which solutions would be best for buyers depending on their implementation strategies.
Chartis is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
Chartis Research is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice - (www.chartis-research.com).
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