Banking giant CrediaBank initiates operations using Profile Software's Risk Management and Compliance Solution

In a significant move towards enhancing its risk management capabilities, CrediaBank, a prominent and dynamically growing banking institution in Greece, has successfully implemented the upgraded RiskAvert solution from financial solutions provider Profile. This partnership reaffirms the shared vision of both parties for a resilient, tech-driven, and compliant banking industry.

The upgraded RiskAvert solution, which went live at CrediaBank in June 2025, provides enhanced automation, flexibility, and reporting capabilities. Mr. Aris Iliopoulos, Group Solutions Director at Profile, expressed pride in continuing their partnership with CrediaBank through this technologically advanced and fully compliant solution.

Mr. Iliopoulos argued that the successful upgrade of RiskAvert reflects Profile's strategic commitment to delivering solutions that empower financial institutions to manage regulatory complexity effectively. He stated that Profile's advanced solution equips CrediaBank with the necessary solutions and provides specialized high-level advisory services to effectively operate based on the Basel IV framework.

The project included modules addressing Credit Risk, Large Exposures, Minimum Loss Coverage/NPE Backstop, Counterparty Credit Risk, Market Risk, Operational Risk, Securitisation, and Leverage Ratio. The upgraded RiskAvert solution allows CrediaBank to comply with the regulatory framework in its daily operations, including the new Basel IV (CRR III) regulatory framework.

The current Chief Risk Officer (CRO) of CrediaBank, George Kouroumalos, commented that the upgraded RiskAvert marks a strategic and technological milestone in their risk and regulatory management transformation journey. He emphasised that the solution enables 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 upgraded RiskAvert solution's implementation at CrediaBank was done with a focus on quality and Profile team's know-how. Mr. Kouroumalos stated that the upgraded solution equips CrediaBank with the tools it needs to navigate the complex regulatory landscape, ensuring compliance and driving growth.

This successful implementation of the upgraded RiskAvert solution marks another major milestone in a multi-year partnership between Profile and Credia Bank. The Operational Risk Losses Database and Liquidity Risk modules were also delivered to CrediaBank as part of the partnership. This reaffirms the shared vision of both parties for a resilient, tech-driven, and compliant banking industry.

Banking giant CrediaBank initiates operations using Profile Software's Risk Management and Compliance Solution