SAS, Axslogic Team Up to Empower Data-Driven Credit Portfolio Management

SAS, a leader in data and AI, has announced its collaboration with Axslogic to provide financial institutions with end-to-end customer journey and life cycle management solutions to enhance their credit portfolio management for optimising revenue and managing risk effectively.

By leveraging SAS Viya 4 technology and SAS Enterprise Customer Decisioning, along with Axslogic’s proven content and deep domain knowledge and expertise, this partnership ensures quick, professional, and successful deployments aligned with the goals and strategies of financial services institutions globally. SAS is now offering the Credit Portfolio Management solution to SAS customers through Axslogic’s Winnow, which is powered by SAS Viya.

“From the cloud to AI, high-quality, actionable, and timely data is the bedrock of deploying these technologies to drive successful digital transformation. This is especially true for lending portfolio management processes, where broadening financial inclusion offers significant opportunities to raise revenues. We are excited to bring AXSlogic’s proven deep domain knowledge and expertise to our financial customers,” said James Clarke, Director of Risk & Finance Advisory at SAS Institute.

SAS and Axslogic to Jointly Address Major Pain Points

Through this partnership, SAS and Axslogic will tackle some of the most pressing business challenges in the financial sector, including rapid market changes, evolving customer needs, and changing regulatory requirements. Other common technology issues include fragmented data silos and inconsistent data sources, manual processes, inadequate risk prediction and mitigation, and limited agility to adapt to rapidly changing market conditions.

SAS and Axslogic will combine their cloud-native capabilities for dynamic credit risk management, and seamlessly integrate data from multiple sources for a comprehensive view of the credit portfolio. The partnership will also leverage AI and machine learning to understand underperformance and outliers, predict risks, and optimise credit decisions.

Customers will be able to enjoy the following benefits:

• Comprehensive portfolio management. Data-driven insights into portfolio performance, its drivers, and opportunities for improvement through out-of-the-box best practice reports, and analytical models.
• Enhanced risk management. Improved ability to predict and mitigate risks using advanced AI and machine learning tools.
• Efficiency and automation. Automation of key processes from credit origination to collection. Organisations can achieve a reduction in manual workload and errors as well as an increase in efficiency. The fast, scalable, and automated solution is provided through cloud implementation.
• Increased data quality. Artificial Intelligence-driven cleansing and integration of data from multiple sources provide a holistic view of the credit portfolio, enabling better decision-making.
• Improved customer experience. An enhanced understanding of customer behaviour and needs.

The integration of Axslogic’s solution with SAS’s robust technology platform ensures that financial institutions can leverage cutting-edge solutions for comprehensive risk management and decision-making.

Extending Best-in-Class Services in ASEAN and Asia Pacific

The partnership will cover ASEAN and Korea as well as extend to the broader Asia Pacific region as well as the Middle East due to similar market growth opportunities as well as regulatory environments.

“As disruptors of legacy portfolio management processes, Axslogic aims to simplify mission-critical processes through early warning capabilities and dynamic reports. SAS offers a comprehensive suite of solutions that can manage the entire customer life cycle on a unified platform. The collaboration enables Winnow users to leverage SAS’s distribution capabilities, target digital lenders, home in on domain knowledge requirements, as well focus on business enhancement and cost savings,” said Hari Baskaran, Chief Executive Officer at Axslogic Pte Ltd.

“We have chosen to partner with SAS due to its strong AI and machine learning capabilities for risk management and decision-making. In addition, SAS has proven successful in helping financial institutions improve profitability, reduce risk and enhance operational efficiency. Our strategic partnership exemplifies a commitment to deliver an innovative solution to support financial institutions globally,” added Baskaran.

SAS is ranked no. 2 in Chartis RiskTech100® 2024 and bested seven technology award categories, including AI for Banking, Balance Sheet Risk Management, Behavioral Modeling, Enterprise Stress Testing, IFRS 9, Model Risk Management, and Risk & Finance Integration.