Profile Software, an international software development company, announces its cooperation with the Cooperative Bank of Epirus. The Bank has chosen the RiskAvert system in order to meet the needs of the European regulatory framework of capital adequacy requirements (CRR 2/3 – CRD V / VI) in the areas of Credit and Operational Risk, Liquidity Risk and Large Financing Exposures. A.).
Epirus Cooperative Bank presents a course of dynamic growth with a steadily growing presence in the Epirus Region, aspiring to its rapid transformation into a strong Regional Bank that provides high levels of service and is a pillar of growth for the local economy and society.
In this context, the selection of RiskAvert is an important part of the process of upgrading the technological infrastructure of the Bank, automating the processes of calculation and production of reports of the regulatory framework. At the same time, the use of an advanced and reliable system, such as RiskAvert, is a tool for converging business practice with supervisory requirements, and saves time and human resources for the Bank, substantially strengthening its strategy to become a key factor for innovation, sustainable development and progress of Epirus.
Epirus Cooperative Bank chose RiskAvert after thorough research and evaluation of competing systems. His choice reflects Profile’s ability to develop systems that adequately meet the needs of the market and the specific requirements of emerging banking institutions such as cooperative banks, providing a complete and reliable solution to an ever-evolving, very demanding and crucial part of their operation. such as compliance with the Basel supervisory framework.
RiskAvert is a proven and easy-to-use platform that fully meets the wide range of requirements of the supervisory framework (Credit Risk, Operating Risk, Liquidity Risk, Concentration Risk, Pillar II & III) as a necessary tool for , of banking institutions.
The team of Profile has significant many years of experience in this field, with successful collaborations and implementations in leading credit institutions. The perfection of Profile’s solutions, combined with the specialization and experience of its executives, are guarantees for the satisfaction of the requirements and the coverage of the needs of the Bank.
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Source From: Capital
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