The Saudi Export-Import Bank has chosen to use SAS technology to increase the governance and efficiency of their risk operations and reporting with model risk management solutions.
The Saudi EXIM Bank was established in 2020 to promote the export of Saudi non-oil products and boost their competency across economic sectors in the global markets. The bank provides financing services, guarantees, and credit insurance with competitive advantages, to enhance confidence in Saudi products.
Saad Alkhalb, CEO of Saudi EXIM Bank, said: “We are thrilled to announce our decision to use SAS technology. SAS Model Risk Management was the next logical step given its proven methodologies and best practices to help us establish a risk-aware culture, optimize capital and liquidity, and meet regulatory demands. Through this project, Saudi EXIM Bank aims to deliver on the ambitious vision of the Kingdom of Saudi Arabia to diversify its economic base by promoting and enabling non-oil exports in line with the objectives of Saudi Vision 2030.”
“A unified platform can give a complete picture of financial and non-financial risks and swift decisioning as businesses’ requirements evolve ... the built-for-purpose content, role-specific user interface, and best-in-class, use-case-specific features of SAS Model Risk Management enable banks and financial institutions to maximize their investment for a variety of business objectives,” said Alaa Youssef, managing director of EMEA Emerging at SAS.