Profile Software deploys CrediaBank’s risk & compliance platform

By Vriti Gothi

Profile Software has gone live with a major upgrade to its risk and compliance platform, RiskAvert, at CrediaBank. The implementation in CrediaBank’s digital transformation journey, enabling full compliance with the Basel IV (CRR III) regulatory framework while strengthening the bank’s capacity to manage complex risk categories with agility and precision.

The upgraded platform, which went live at the end of June 2025, equips CrediaBank with a comprehensive suite of modules designed to meet new regulatory reporting standards for capital adequacy. Covering a wide spectrum of risk categories—including credit risk, large exposures, counterparty credit risk, market risk, operational risk, securitisation, leverage ratio, and minimum loss coverage/NPE backstop—the solution also integrates advanced liquidity risk and operational risk loss database capabilities. This breadth ensures the bank can meet regulatory demands while simultaneously enhancing operational efficiency and reporting transparency.

RiskAvert’s latest technological advancements provide CrediaBank with end-to-end automation, scalability and the flexibility to adapt rapidly to evolving compliance requirements. Profile’s deep expertise and customer-centric design approach ensured the solution was tailored to the specific needs of CrediaBank, aligning with its mission to deliver banking services rooted in resilience, compliance, and trust.

George Kouroumalos, Chief Risk Officer at CrediaBank, said, “RiskAvert’s upgraded version to the new regulatory framework marks a strategic and technological milestone in our risk and regulatory management transformation journey. We have selected Profile’s advanced solution that equips us with the required solutions and supports us with its specialised and of a high-level advisory services, to effectively operate based on the Basel IV framework with confidence, transparency, and efficiency.”

Aris Iliopoulos, Group Solutions Director at Profile, said, “We are proud to continue our fruitful partnership with CrediaBank through our technologically advanced and fully compliant solution that addresses the challenges of the evolving regulatory landscape. The successful upgrade of RiskAvert reflects our strategic commitment to delivering solutions that empower financial institutions to manage regulatory complexity effectively, and with confidence.”

The successful implementation underscores a long-standing collaboration between Profile and CrediaBank, reaffirming their shared vision for a robust, compliant, and technology-driven banking sector. By adopting RiskAvert’s enhanced capabilities, CrediaBank positions itself at the forefront of regulatory readiness, strengthening its ability to deliver sustainable value to customers and the wider financial ecosystem.