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As African banks strive to meet regulatory demands of the global financial market, First Bank of Nigeria (FirstBank) is staying ahead of the pack using a world-class risk management solution from SAS, the leader in business analytics software and services and the largest independent vendor in business intelligence market.
The bank states that the acquisition is mainly to comply with global compliance trends and regulations, such as Basel II, and to help manage its risk effectively while creating transparency and control within its data. SAS will be assisted by its local partner, Resourcery PLC Nigeria, in deploying the analytics-based regulatory risk solution in the bank.
FirstBank selected the full risk management suite from SAS, which is currently used by a large number of the world’s banks for their own risk efforts.
Article sourced from www.businesswire.com, click here to read full story.
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