Profile Software establishes tech driven development center – Profile Technologies

By Megha Bhattacharya

Financial solutions provider, Profile Software, announced the establishment of its wholly-owned subsidiary, “Profile Technologies SA” in Thessaloniki, Greece. The company has a committed investment plan in excess of €5 million for the next 3 years and aims to become a model technology firm delivering innovation in Greece.

Profile Technologies SA plans to hire professionals from Northern Greece and its universities, further supporting employability in the wider community. The company aims to primarily develop new financial software functionalities by utilising modern technologies, deploy the latest trends in AI, ML, RPA and Blockchain. The new company is expected to undertake parts of the Group’s development functions currently based in Europe (Athens – Nicosia – Paris) and Asia (India) allowing the other departments to focus on specialisation and customer delivery.

Recently, Profile Software announced that its FMS.next functionality for loan management has been updated in a bid to enhance and simplify the end-to-end process over a range of business requirements. The company stated that the upgraded banking platform incorporates Loan Origination, Management, and Collection modules to enable banks, FinTechs, and financial organisations fully manage their loan and micro-lending/microfinancing process.

Founded in 1990, Profile Software is an international solutions provider for the Banking and Investment Management industry. The company has a presence in Europe, the Middle East, America, Asia, and Africa, delivering solutions to both start-ups and established banking & finance institutions through direct communication or a reliable partner network.