Greece’s Epirus Bank taps Profile Software to boost risk management
Greek cooperative bank Epirus Bank has selected Profile Software’s RiskAvert solution as it looks to enhance its risk and compliance management.
Profile Software says its offering will allow Epirus Bank to “better comply with the European regulatory framework for capital adequacy (CRR 2/3 – CRD V/VI) in the areas of credit and operational risk, liquidity risk and large exposures”.
Founded in 1993 and formerly known as Credit Cooperative Bank, Epirus Bank is a regional cooperative bank based in the north of Greece serving local customers and small and medium-sized enterprises (SMEs).
The firm will utilise the RiskAvert solution to automate necessary capital calculation and report production processes to ensure regulatory compliance.
Profile Software says its technology will allow the bank to “converge business practice with supervisory requirements”, allowing it to “save time and resources” as it looks to grow.
Russian investment banking firm ATON selected its Axia system in March last year to modernise its front office operations.
Profile Software also picked up asset and fund management platform Centevo later that same month for an undisclosed sum.