CrediaBank's risk and compliance system has been set up by Profile Software in its operation

CrediaBank Embraces Technological Milestone with Upgraded RiskAvert Platform

In a significant move towards enhancing its risk and regulatory management, CrediaBank has successfully implemented the upgraded version of RiskAvert, its risk management platform. The new platform, which went live at the end of June 2025, marks a strategic and technological milestone in CrediaBank's transformation journey.

The upgraded RiskAvert platform offers end-to-end automation, scalability, and the flexibility to adapt rapidly to evolving compliance requirements. This upgrade is crucial for CrediaBank as it aims to deliver sustainable value to its customers and the wider financial ecosystem.

The new platform covers a wide range of risk categories, including credit risk, large exposures, counterparty credit risk, market risk, operational risk, securitisation, leverage ratio, and minimum loss coverage/NPE backstop. It also integrates advanced liquidity risk and operational risk loss database capabilities.

The successful implementation of the upgraded RiskAvert platform signifies a long-standing collaboration between CrediaBank and the software company, Profile. Aris Iliopoulos, Group Solutions Director at Profile, expressed pride in continuing their partnership with CrediaBank through their technologically advanced and fully compliant solution.

George Kouroumalos, Chief Risk Officer at CrediaBank, stated that the upgrade was performed to fully comply with the Basel IV (CRR III) regulatory framework and enhance their ability to manage complex risk categories agilely and precisely. By adopting RiskAvert's enhanced capabilities, CrediaBank positions itself at the forefront of regulatory readiness.

The collaboration between Profile and CrediaBank reaffirms their shared vision for a robust, compliant, and technology-driven banking sector. The upgraded RiskAvert platform not only meets new regulatory reporting standards for capital adequacy but also strengthens CrediaBank's ability to deliver sustainable value to its customers and the wider financial ecosystem.

CrediaBank's risk and compliance system has been set up by Profile Software in its operation