Software company implements CrediaBank's risk and regulatory compliant system.
CrediaBank, a prominent financial institution, has taken a significant step forward in its risk and regulatory management transformation journey with the implementation of an upgraded version of Profile's risk and compliance platform, RiskAvert.
The new platform, which went live at the end of June 2025, marks a strategic and technological milestone for CrediaBank. George Kouroumalos, the bank's Chief Risk Officer, expressed his enthusiasm, stating that the upgrade positions CrediaBank at the forefront of regulatory readiness.
The upgraded RiskAvert platform offers a comprehensive solution, covering a wide range of risk categories, including credit risk, large exposures, counterparty credit risk, market risk, operational risk, securitisation, leverage ratio, minimum loss coverage/NPE backstop, and advanced liquidity risk and operational risk loss database capabilities.
Aris Iliopoulos, Group Solutions Director at Profile, expressed pride in continuing their partnership with CrediaBank through their technologically advanced and fully compliant solution. He noted that the platform was tailored to the specific needs of CrediaBank, aligning with its mission to deliver banking services rooted in resilience, compliance, and trust.
The collaboration between Profile and CrediaBank reaffirms their shared vision for a robust, compliant, and technology-driven banking sector. The upgraded RiskAvert platform provides CrediaBank with end-to-end automation, scalability, and the flexibility to adapt rapidly to evolving compliance requirements.
While there are no specific records detailing when CrediaBank implemented the RiskAvert upgrade with Profile to comply with Basel IV and enhance its capacity to manage complex risk categories with agility and precision, the successful implementation signifies a long-standing collaboration between the two entities.
The implementation of the upgraded RiskAvert platform is expected to strengthen CrediaBank's ability to deliver sustainable value to customers and the wider financial ecosystem. By adopting RiskAvert's enhanced capabilities, CrediaBank positions itself as a leader in the industry, ready to face the challenges of the evolving regulatory landscape with confidence.
