Bank Management White Papers
BMO Bank of Montreal Works with SAS to Foster Knowledge Creation
Overview BMO Bank of Montreal is Canada's oldest bank and functioned as the country's central bank up to 1935. It is one of the largest in North America, with over US $160 billion in assets and 32,000 employees. The micro segmentation added complexity and gave rise to a need for process automation and integration of the scoring processes, hence the bank looked to SAS for the technology to accomplish this, coining it the Automated Scoring Application (ASAP). This new strategy certainly seems to have been successful: BMO Bank of Montreal's Cardholder Line of Business' net economic profit has increased 89 percent over the past three years. Results achieved by the implementation of the SAS application so far include time-saving analytical capabilities, automated and much faster score creation (from days to hours), a move from manual output review to exception reporting, and an unlimited number of supported scores per modeler.
| Publisher | SAS Institute | File Format | HTML |
|---|---|---|---|
| Date Published | September 2003 | Downloads | 141 |
| Format | Case Studies | ||
| Topics | |||
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