Lloyds TSB selects SAS to manage risk

UK financial services group Lloyds TSB has installed banking risk management software from SAS, a North Carolina-based data management software vendor. The technology will help the bank to meet Basel II credit risk compliance and further automate its risk management processes.

The application covers the bank's retail loan portfolio and should help it to improve its capital allocations. Manual processes such as risk reporting, performance monitoring and credit scoring will now be automated. The software will also manage the bank’s data warehouse by analysing and segmenting its data.

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

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