CrediaBank Goes Live on Profile Software’s Risk & Compliance Solution

Profile, a leading international financial solutions provider, announces the successful go-live of a major upgrade to its robust risk and compliance solution, RiskAvert, at CrediaBank, a prominent and dynamically growing banking institution in Greece with a clear identity and mission in the Greek banking sector. The implementation enables compliance with the new Basel IV (CRR III) regulatory framework and addresses a wide range of risk categories.

The upgraded solution went live at the end of June 2025, enabling the bank to fully comply with the new regulatory reporting requirements for Capital Adequacy Reporting, as defined in the Basel IV (CRR III) regulatory framework. The project included an extensive set of modules addressing the majority of risk categories and a significant range of related regulatory reports pertaining to Credit Risk, Large Exposures, Minimum Loss Coverage/NPE Backstop, Counterparty Credit Risk, Market Risk, Operational Risk, Securitisation and Leverage Ratio. In addition, the Operational Risk Losses Database and Liquidity Risk modules were also delivered to the bank.

RiskAvert’s significant technological advancement enables CrediaBank to comply with the regulatory framework in its daily operations whilst benefiting from enhanced automation, flexibility and reporting capabilities. With a focus on quality coupled with Profile team’s know-how, the solution has been tailored to address the specific needs of the bank.

“RiskAvert’s upgraded version to the new regulatory framework marks a strategic and technological milestone in our risk and regulatory management transformation journey” commented Mr. George Kouroumalos, Chief Risk Officer at CrediaBank. He added: “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.”

“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” commented Mr. Aris Iliopoulos, Group Solutions Director at Profile. He also argued that “The successful upgrade of RiskAvert reflects our strategic commitment to delivering solutions that empower financial institutions to manage regulatory complexity effectively, and with confidence.”

This successful implementation marks another major milestone in a multi-year partnership between Profile and Credia Bank, reaffirming their shared vision for a resilient, tech-driven and compliant banking industry.