Infotech Lead America: SAS has clocked 15 percent sales growth in the global banking industry compared to the same period in 2011.
All regions have seen strong new sales, with the US up more than 60 percent, Asia Pacific up almost 30 percent and EMEA up nearly 20 percent compared to 2011.
Financial services represent SAS’ largest industry segment by revenue, contributing 40 percent of the total company software revenue of $2.73 billion in 2011.
Regulatory compliance needs such as Basel III and Dodd-Frank have spurred the growth of data management solutions – up globally more than 80 percent over 2011.
New global sales of risk management solutions – up more than 40 percent – show banks are investing in better risk management to handle economic volatility and regulatory demands.
SAS added several new customers.
Alliant Credit Union (US), Associated Bank (US), ABN AMRO (Netherlands), AG2R-La Mondiale (France), Argenta (Belgium), B&N Bank (Russia), BAC Credomatic Group (Colombia), Banca Carige Group (Italy), Banco Ahorro Famsa (Mexico), Banco Bradesco, (Brazil), Banco Compartamos (Mexico), Banco Multiva (Mexico), BBVA Colombia (Colombia), Cabot Credit Management (UK), CBE Group (US), Cosmos Bank (Taiwan), HDFC Bank (India), Intesa Sanpaolo Group Services (Italy), Land Bank of the Philippines (Philippines), Sberbank (Russia), Tatra Banka (Slovakia), UniCredit Bank Slovakia (Slovakia), VUB Banka (Slovakia) and Zions Bancorporation (US) have selected or further invested in SAS this year.
“All regions have seen strong new sales, with the US up more than 60 percent, Asia Pacific up almost 30 percent and EMEA up nearly 20 percent compared to 2011,” said David M. Wallace, Global Financial Services Marketing Manager with SAS.
New US sales of analytics and business intelligence solutions have grown at triple-digit rates, more than 100 percent year-to-date, with data management solutions up more than 200 percent. Fraud management solution sales in banking are up 20 percent for the US, reflecting continued investment in enterprise fraud management solutions that protect banks and their customers across all transaction types and channels.
EMEA risk management solutions sales have also spiked, up more than 70 percent compared to 2011. New EMEA sales of data management and business intelligence solutions grew more than 80 percent. Asia Pacific new risk management solutions sales are growing at triple-digit rates.