ModelGovernance News & Analysis

Absa Deploys SAS Viya, Cuts Reporting Cycles by 80-90%

Absa Bank has implemented a new credit risk management platform from SAS, replacing an older framework. This platform, hosted on Amazon Web Services, has reduced reporting cycles by 80% to 90%, shortening turnaround times from weeks to hours. The bank utilizes over 500 credit risk models, and the new system prepares for faster model introduction, cutting the time needed by half. This upgrade enhances model risk management, improves compliance, and allows for more efficient credit decision-making, which is significant for stakeholders invested in the bank's performance.