SAS Acquires Kamakura To Advance Risk Technology Innovation

Banking CIO Outlook | Thursday, June 30, 2022

The acquisition of Kamakura expands SAS's risk solutions portfolio and allows it to serve new financial services industry segments.

FREMONT, CA: SAS, one of the global leaders in AI and analytics, has acquired Honolulu-based Kamakura Corporation. Kamakura, a privately held company, provides specialist software, data, and consultancy to financial institutions of all sizes, including banks, insurance firms, asset managers, pension funds, and others, to assist them in managing a wide range of financial risks.

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A singular vision

Kamakura is renowned for its pioneering vision and quantitative rigor. It has focused on software and risk management information for the banking and insurance industry for more than three decades, and it currently provides these services through two offerings:

Kamakura Risk Manager (KRM)

KRM is one of the most advanced and completely integrated risk management systems for ALM available today. The program provides simulation, stress testing, cash-flow analysis, and transaction-level value.

Kamakura Risk Information Services (KRIS)

This subscription-based cloud-based software as a service (SaaS) product offers credit risk data and analytics that assist businesses and nations in predicting credit spreads and calculating default probabilities using their unique models.

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