SAS recently ranked first in the core risk technology category for a third straight year and first in operational risk and governance, and compliance GRC in Chartis Research’s RiskTech 100 report. The report, an overall market assessment of the top risk technology vendors, examined each vendor’s functionality, core technology, organizational strength, customer satisfaction, market presence, and innovation.

Chartis estimates the global market for risk technology to be worth $5.95 billion (external expenditure only) in 2009 and forecasts a compound annual growth rate of 8 percent.

The Chartis report explained that “successful risk technology implementation partners are those that have the right balance of business and technology expertise.”

The RiskTech 100 core technology category examined each vendor’s capabilities in data management, risk analytics, and reporting. Chartis explained that due to “the data intensive nature of risk management, and the requirements for complex statistical calculations … SAS has had a competitive advantage over some of the generic enterprise technology and specialist firms.” SAS was highlighted as “very strong in the areas of data integration, data storage for analytics, and data quality management.”

To download the full RiskTech 100 report, go to: www.chartis-research.com.