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Allica Bank implements Profile Software’s FMS.next and RiskAvert

Profile Software announced today that UK’s Allica Bank has implemented the former’s FMS.next and RiskAvert in a bid to manage its banking and risk management operations. The Bank is using FMS.next as its core banking platform for supporting their omnichannel digital banking experience, savings account management and for enhancing commercial mortgage lending for customers. The supplier’s platform aims to assist the UK Bank in rolling out new products in the market.

Simon Bateman, CIO at Allica Bank, commented, “We have been working with Profile as a trusted partner to support us in the build of Allica Bank since the beginning. We collaborated closely with their team to deliver on ambitious targets, all within a very short timescale. They will continue to support us as we expand Allica Bank’s suite of financial products that are dedicated to the needs of small and medium-sized businesses.”

According to Allica, it is expected to launch other solutions of Profile Software, including their treasury management platform Acumen net and FMS.next’s payment services. Profile Software enables Allica Bank’s customers to manage their accounts and transactions. Recently, Allica Bank announced the launch of a 95-day notice account for business savers in a bid to expand its range of financial products for supporting businesses.

IBS Intelligence also reported that Profile Software announced the launch of Acumen eFX solution in a bid to support banks’ agents, branches, digital channels and clients to access and manage their FOREX risk quickly.

Babis Stasinopoulos, CEO at Profile Software, commented, “Profile’s banking platform is designed with flexibility in mind thus empowering Digital banks and startups to utilise its modular architecture and cloud deployment whilst realising fast ROI as the business grows. At Allica, we managed to quickly deliver a powerful system that meets client expectations. We consider Allica in the UK as a long-standing partner and valued customer working together to create the next generation of digital SME banking, and we value this project as an important one towards Profile’s expansion into the country’s banking sector.”

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