Press Releases

SAS^® Further Optimizes Risk Management with FINCAD^®

Providing comprehensive pricing and risk analysis to financial institutions

New York, Vancouver December 10, 2008

With the current state of global markets, financial institutions are facing their most significant challenge in decades. This places increasing pressure on risk management departments to maintain profitability and mitigate risk. SAS, the leader in business intelligence (BI) and analytics, and FINCAD announced today that SAS^® Risk Dimensions^® can now leverage FINCAD's industry standard analytic library addressing the instrument pricing needs of its banking and financial services clients, globally.

SAS Risk Dimensions enables users to access and consolidate data from virtually any format, system, platform or location, then analyze it to compute risk and expose potential opportunities. Through this collaboration, customers can address the need for independent derivative valuation, while using the SAS Risk Dimensions solution. SAS clients, including leading tier-one global banks, are already leveraging the benefits of this relationship.

FINCAD's comprehensive, cross-asset class analytics library provides clients with the advantage of using an industry standard source to value and measure the risk of a wide variety of financial securities and derivatives. As one of the most extensively documented financial analytics solutions, it offers complete transparency, enabling users to verify every part of their valuation and risk calculations.

"We are dedicated to providing our clients with the most comprehensive and transparent risk management solution," said Allan Russell, Head of Global Risk Practice at SAS. "FINCAD has a reputation as an industry leader in financial and derivative valuations and SAS is looking forward to leveraging the synergies created through this partnership."

"In the current market, managing risk is key to the success of the financial sector and this is leading to a greater requirement for independent valuation and transparency," Bill Stewart, Vice President Sales, FINCAD. "We are very pleased that SAS has made it easy for its clients to leverage FINCAD's libraries for instrument valuation to meet their risk analysis requirements."

About FINCAD

Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 35,000 financial professionals in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland and Vancouver, Canada. For additional information, visit www.fincad.com.

About SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. With innovative business applications supported by an enterprise intelligence platform, SAS helps customers at 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world. THE POWER TO KNOW^®.

Media Contact:

Armita Seyedalikhani
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com