back Back

Epirus Bank selects Profile Software’s RiskAvert for comprehensive risk management

By Gaia Lamperti

January 18, 2022

  • Epirus Bank
  • FinTech
  • Greece
Share

Profile Software, an international financial solutions provider, announced today that Epirus Bank in Greece selected its risk management solution RiskAvert, to better comply with the European Regulatory Framework for capital adequacy in the areas of Credit and Operational Risk, Liquidity Risk and Large Exposures.

Founded in 1993, Epirus Bank is the evolution of Credit Cooperative Bank, forming a developing cooperative bank in the Northern part of Greece, and receiving the acknowledgement of both the local community and the accreditation of the Bank of Greece.

The bank demonstrates dynamic growth across the Epirus Region aiming at becoming a strong regional bank offering high quality and faster results to its customers and a pillar of growth of the local economy and community. With this vision in mind, the selection of RiskAvert was crucial towards achieving better business practices to offer compliance with the regulatory framework, automating their processes of capital calculation and report production.

At the same time, the use of RiskAvert, Profile’s advanced and reliable system, will enable them to converge business practice with supervisory requirements, thus allowing them to save time and resources, substantially strengthening the banks’ effort to become a key player in the wider area.

Following a thorough research and vendor evaluation, the bank selected RiskAvert among well-known software providers. This selection reflects Profile’s strategy to develop systems that adequately meet market needs, in particular with RiskAvert, to fully adhere to the requirements of growing banking institutions for a complete and reliable solution in an ever-evolving demanding marketplace, which helps them achieve improvements in crucial elements of their operations, by being compliant with the Basel framework.

RiskAvert is a market-proven and flexible platform that comprehensively covers the capital requirements calculation (Credit, Operational, Liquidity and Concentration Risk, Pillar II & III) and generates reports according to the requirements of the regulator, thus becoming the ideal tool for successful management of capital adequacy.

Profile’s risk management team has long-standing experience and a proven track record in efficiently delivering highly demanding, compliance-focused implementations on time and within budget in leading banking institutions. This comprehensive solution combined with the specialisation and experience of the Profile’s team guarantees complete satisfaction and coverage of the requirements and needs of the bank.

Previous Article

January 18, 2022

Temenos announces composable banking services on the Temenos Banking Cloud platform

Read More
Next Article

January 19, 2022

Flexiti appoints Tracey Whittall as Chief Operating Officer

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Epirus Bank

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Genesis launches Credit Insurance Application

Read More

April 11, 2024

SurePay APIs now available on Temenos Exchange

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023