Profile Software, an international financial solutions provider, announced today the successful implementation of RiskAvert, its advanced regulatory capital calculation and reporting platform, at a Major Banking Group in SE Europe. The bank has a dynamic presence in 7 countries and more than 15,000 employees.
The bank selected RiskAvert to address its requirements for the calculation, group consolidation and reporting of credit risk. Built on the latest technologies, RiskAvert achieves seamless integration of the Financial Institution’s data sources, while at the same time remains scalable and ensures unique user experience.
The solution effectively assists the banking group in the accommodation of the ever growing pressure on producing accurate and timely regulatory reports, while delivering streamlined processes and greater risk insights. Its sophisticated calculation engine measures regulatory capital requirements under all approaches, while its highly effective and customisable CRM Allocation engine ensures optimal use of collaterals and guarantees for minimising risk weighted assets.
Supervisory review and multi-dimensional what-if analysis, applying sensitivity shocks and scenario analysis through idiosyncratic, systemic and combined approaches are efficiently accommodated via its holistic stress testing framework, as well as the extensive concentration risk measures calculation and reporting. RiskAvert’s OLAP and report distribution tools enable users to easily retrieve detailed or aggregated information on the calculations using a rich collection of built-in reports, or own custom reports.
The solution fully encompasses the EU-CRD framework, as well as other Basel aspects. All regulatory parameters are auditable and alternatives that drive the calculations are user-configurable. RiskAvert has been developed based on the many years of experience of Profile’s team in implementing similar projects in numerous international Banks, while offering an open architecture and a powerful regulatory and risk MIS reporting engine.