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Profile Software announced the latest upgraded version of RiskAvert

By Joy Dumasia

September 17, 2021

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Profile Software, an international financial solutions provider, announced the latest upgraded version of RiskAvert, the flexible risk management platform for advanced regulatory capital calculation and reporting that delivers comprehensive coverage to all the latest EU requirements.

RiskAvert has been significantly enriched to empower Financial Institutions to handle the regulatory regime efficiently in a dynamically changing business environment providing full coverage of Credit Risk and Operational Risk, capital requirements calculations and reporting Liquidity LCR & NSFR and Leverage Ratio. As a dynamic risk management platform that keeps evolving, it competitively offers Risk vs Accounting data reconciliation, Comprehensive Analysis and Reporting according to key dimensions of Pillar II and Pillar III capabilities. It also provides full support of the Large Exposures framework and automated, inbuilt manual adjustment calculation.

RiskAvert incorporates changes enforced by the CRR2 package. In more detail, the platform fully covers the needed EU required CRR2 changes regarding the new methodological approaches introduced for the calculations of CCR capital requirements, the new Credit Risk Capital calculation approaches for the treatment of CIUs and changes on Large Exposures regime, in line with the latest version of EBA Reporting Framework.

The new capabilities guarantee all users are always fully aligned with the latest changes and requirements of the supervisory regime while performing all required related tasks in a timely and efficient manner. The changes in the regulatory landscape demand risk management platforms to continuously enhance and develop their services to better safeguard financial institutions.

Recently, IBS Intelligence reported that Profile Software, an international financial solutions provider, announced that Centevo, the leading asset management software provider in the Nordics and a Profile Group Company, has presented the enhancements of its flagship platform, Cairo, the flexible portfolio management solution and the front-end solution for clients.

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