01 Sep 2003, Naomi Humphries, Risk magazine
SAS's software is a flexible application for managing credit, market and operational risk throughout an organisation. The service incorporates credit scoring, which helps banks to perform application and behavioural scoring to assess the creditworthiness of their customer base.
Shahram Sharifi, credit risk director at Lloyds TSB, said the bank has used SAS in its IT infrastructure for the past 15 years. The additional risk management and Basel II application was chosen following a competitive tender process.