Profile, a leading international financial solutions provider, has announced the implementation of its Smart Banking solution, Finuevo Suite, at First Global Bank. The solution meets the bank’s need for a modern end-to-end solution, providing front-end, digital onboarding and loan origination facilities. It has also successfully addressed the bank’s requirements cost-effectively and flexibly, integrating a modern Digital and Core Banking platform with an open architecture.

First Global Bank Limited (FGB) is a commercial bank operating in Jamaica, originally established in 1970 as The First National Bank of Chicago (Jamaica) Limited. FGB, which is a subsidiary of the GraceKennedy Group, has consistently redefined the banking experience. FGB remains committed to delivering cutting-edge financial solutions with unparalleled customer service.

Profile’s end-to-end banking solution, Finuevo Suite (comprising Finuevo Core and Finuevo Digital), is an advanced solution that covers the entire range of banking and financing processes. By focusing on the bank’s unique needs, Profile has quickly and effectively bundled and prioritised the Digital Onboarding and Product Origination with Finuevo Suite. The solution provides completely digital functionalities including certification and digital onboarding, account origination, loan origination, automatic credit check, instant loan approval and initiation of the loan, credit card origination and full monitoring of the progress of the customer loans’ applications.

The Finuevo Suite enables FGB to realise its smart brand strategy by seamlessly integrating digital and physical banking channels. The integration enhances customer retention, transforms the customer experience with real-time system integration helping to reimagine how the bank interacts and transacts with clients.

The modular architecture of the solution will enable FGB to rapidly deploy diverse and innovative financial products and services. The cloud base implementation of Finuevo Suite has allowed the bank to further reduce their operational costs, stay competitive, actively deploy new services and increase security and scalability.

Mrs. Terry-Ann Graver, Chief Operations Officer at First Global Bank, says that “Implementing Profile’s Finuevo Suite marks a significant milestone in our digital transformation journey. This smart solution enables us to provide our customers with an enhanced digital banking experience, positioning us for sustainable growth and operational excellence”.

Mr. Evangelos Angelides, Chief Executive Officer at Profile, says that “We are proud to partner with First Global Bank. The deployment of Finuevo Suite marks a significant milestone in our international expansion strategy. This partnership underscores our strategic focus on the region. The rapid implementation of our solution is a testament to the bank’s confidence in our capabilities and commitment to excellence”.

Profile remains committed to its vision of providing innovative solutions based on cutting-edge technology, enabling financial institutions to navigate complex financial ecosystems with confidence and agility.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

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According to Forrester, “Having an impressive mobile app or an AI-powered chatbot isn’t enough for a bank to be truly digital. Digital transformation at a bank requires overhauling large chunks of technology infrastructure and systems. To deliver the personalised, real-time, and seamless experiences that today’s customers expect, banks must replace their outdated core banking systems with a modern digital banking processing platform.”

Profile Software’s Finuevo Suite is a comprehensive Smart Banking Platform that provides an end-to-end solution for large and medium banks, digital banks, EMIs, and MFIs. It combines innovative functions following international banking standards, delivering intuitive usability for both bank officers and digital clients, paired with state-of-the-art tools for exceptional day-to-day banking operations. The platform is designed to leverage cloud-native capabilities, providing composable banking functionalities and pre-packaged configurations to get to market fast and scale with ease.

Evangelos Angelides, CEO at Profile said, “The recognition of Profile in Forrester’s Digital Banking Processing Platforms Landscape report underscores our unwavering dedication to helping banks and fintechs achieve digital modernisation and deliver exceptional customer experiences.”

Forrester’s Landscape report sheds light on how digital banking processing platforms can transform customer experiences, enable innovation, and improve operational effectiveness. It serves as a guide for business and technology executives in the banking sector, assisting them in vendor selection, understanding value propositions, and exploring market differentiators.

Forrester, The Digital Banking Processing Platforms Landscape, Q3 2024, By Huard Smith, David Hoffman, Caroline Provost, Jen Barton, 5 July 2024

About Forrester

Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth. Through Forrester’s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work — to navigate change and put their customers at the centre of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 700,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave evaluations; more than 100 million real-time feedback votes; and the shared wisdom of our clients. To learn more, visit Forrester.com.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 50 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

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Even more impressive is the improvement in turnover, which “ran” at a rate of +33%, +25% and +20%, respectively. Somehow, the net profitability of the Group now amounts to 3.8 million euros (from 2 million euros in 2021), with the management looking forward to doubling the sizes in the next 3 years.

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The Summit, hosted under the theme: “Empowering Africa: Innovation, Inclusion, Impact”, will look at digital banking inclusion and the penetration of FinTech in Africa. It will showcase the newest trends, solutions and groundbreaking innovations that are shaping the FinTech industry in Africa. The main goal of the Summit is centered at stressing the significance of ensuring financial inclusivity and providing affordable, sustainable financial services to every sector of society, including those currently underserved and unbanked communities. It will also discuss the real-world effects of FinTech innovations on fostering economic growth and promoting social empowerment throughout the continent.

Profile will showcase the full portfolio of its Banking and Investment Management software solutions, including its new cutting-edge AI solution, AI. Adaptive, coupled with the benefits derived from using its platforms. The company’s executives will highlight the value delivered and demonstrate how financial institutions can achieve digital transformation in practice. 

Profile Software continues to participate in events that focus on the digital transformation of financial institutions by embracing modern technologies and addressing the evolving customer needs more effectively. 

Visit our booth No. 16 to explore how our solutions may help your financial institution grow in the ever-changing digital landscape. To book a meeting, please click here.

For more information about the Summit, please click here, to register, please visit the following link here.

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The Annual Regular General Meeting of the Shareholders of the Company, held on May 31th,  2024, decided , among others matters, to distribute a dividend of a total amount of 1.200.000,00 euros  i.e. 0,0488073795 euros per share (gross amount).

Given that 87.000 own shares are held at ex-dividend date are not eligible   for receiving dividend, the total amount of the dividend per share that will be paid out, will be increased by the amount of the dividend corresponding to the above number of own shares, therefore the final dividend gross amount that will be paid out stands at 0,0489806994 euros per share.

The dividend is subject to a 5% dividend tax, in accordance with the applicable tax law 4172/2013, article 40 par 1 and article 64 par 1,  (with the exception of  shareholders falling under special tax provisions). Following the mandatory tax deduction the net payable dividend per share will be 0,0465316644 euros

The ex-date has been set to June 4th, 2024 and the payment of the dividend to the beneficiaries shall commence on June 11th, 2024. The beneficiaries of the dividend are the shareholders registered in the records of the Dematerialised Securities System (DSS) of the “Hellenic Central Securities Depository” on June 5th, 2024 (record date).

Payment of the dividend shall be made by the bank “National Bank of Greece”, as follows:

1. Through the operators of the beneficiaries in the DSS (Banks and Brokerage Firms), in accordance with the Rulebook of the Hellenic Securities Depository.
2. Especially in cases of dividend payment to heirs of deceased beneficiaries, whose securities are kept in the Special Account of their Share in the DSS under the management of ATHEXCSD, dividend payment process will be carried out after the completion of the legalization of heirs, through ” National Bank of Greece” branch network for five (5) years from the end of this year (until December 31st, 2028).

Dividends which will not be collected within five (5) years from the end of this year, namely until December 31st, 2029, will be written off and transferred to the Greek State.

For additional clarifications or information, please contact the Company’s Investor Relations Department (Tel.: 210-9301200).

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According to Forrester, “77% of business and technology pros at financial services firms said that improving CX will be a high or critical priority for their firm in the coming year. Key actions those leaders are taking include improving omnichannel/cross-channel CX (33%); creating a single consistent view of customers for all front-office employees (23%); and leveraging emerging technologies for customers to engage with (25%).”

Profile Software’s Axia Suite is an omni-channel Wealth Management platform that provides a unified and personalised user experience across all channels, improves front-office operations, and leverages cutting-edge technologies to deliver an exceptional customer experience.

“The recognition of Profile Software in Forrester ‘s Digital Wealth Management Platforms Landscape report underscores our unwavering dedication to innovation and excellence,” said Profile Software CEO Evangelos Angelides. “Our well-established solution, selected by renowned institutions globally, is developed with a clear mission, to help institutions deliver exceptional customer experience to their clients.”

Forrester’s Landscape report sheds light on how digital wealth management platforms can transform customer experiences, client acquisition, and advisor empowerment. It serves as a guide for wealth management professionals, assisting them in vendor selection, understanding value propositions, and exploring market differentiators.

Forrester, The Digital Wealth Management Platforms Landscape, Q4 2023, By Vijay Raghavan with David Hoffman, Sohm Gough, Sara Sjoblom, Arianne Burnette, 1 November 2023

About Forrester

Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth. Through Forrester’s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work — to navigate change and put their customers at the centre of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 700,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave evaluations; more than 100 million real-time feedback votes; and the shared wisdom of our clients. To learn more, visit Forrester.com.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 50 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

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EthosEvents, a member of ethosGroup, focuses mainly on the organisation of business conferences and awards ceremonies but is also involved in various types of innovative activities. The 11th Digital Banking Forum will focus on the thematic pillar “Financial AI is here” by attempting to provide answers to businesses’ main issues of concern, in the wider sector, in terms of how to utilise digital technologies and offer digital services.

Mr. Dimitrios Litsikakis, Director at Profile, will participate as a Keynote speaker in the thematic session titled: “AI, cloud, cybersecurity and technology solutions that meet the new needs”. In his address, he will emphasise that financial institutions that don’t embrace AI, they do not just risk a missed opportunity but an existential risk that might render them obsolete. He is also expected to delve into innovative applications that banks and FinTech neobanks can implement to enhance customer experience and operational efficiency. In addition, he will present the ways through which challenger banks can leverage AI to personalise financial products and services for diverse customer segments whilst ensuring data privacy and security.

The Forum includes individual talks, fireside chats and panels covering the upcoming changes in financial institution models, AI, cloud, cybersecurity and technology solutions to meet new needs, the new digital approaches needed for the “next day” in the insurance sector, and the new age for digital payments. The event will be attended by top-ranking executives in the banking sector, executives from digital technology companies as well as executives from the fintech and insurance sectors.

Mr. Evangelos Angelides, Chief Executive Officer at Profile mentions that “We are proud to support an event that underscores the transformative power of AI and digital technologies in the financial sector. We are looking forward to sharing insights on how to leverage AI, to meet the dynamic needs of today’s financial ecosystem by showcasing the newly-launched cutting-edge solution, AI.Adaptive, that redefines the standards we know today in the FinTech industry.”

The conference will take place in a hybrid format, both in-person and online through the LiveOn Expo Complex live streaming platform.

For more information about the conference, please click here, to register, please visit the following link here.

About Profile 

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 50 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

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According to Gartner®, “CIOs focused on financial services technology modernisation and transformation should consider making contingency plans for migrating to the cloud in the next decade by evaluating options from vendors and preparing a cloud migration plan to submit to the business. While on-premises installations are still dominant in this market, the future focus will be on the cloud, just as it is in any other region of the world.”

Profile Software’s Finuevo Suite, is a cloud-native smart banking platform that provides composable banking capabilities, comprehensive functionality, and pre-packaged configurations to get to market fast, and to scale with ease.

“The recognition of Profile Software in Gartner’s Market Guide for Core Banking Systems in MEA report underscores our unwavering dedication to innovation and excellence,” stated Profile Software CEO Evangelos Angelides. “Our robust client base and the growing demand for our solutions are testaments to our expanding brand presence. As financial institutions in the MEA region navigate complex challenges, our cloud-native banking solution meets the trend for cloud migration, providing the agility and flexibility needed to thrive in tomorrow’s competitive landscape.”

The Gartner® Market Guide provides CIOs with valuable insights into the MEA core banking landscape, highlighting trends, strategies for transformation, and innovation. It also identifies key players and technological advancements, ensuring CIOs remain ahead of the curve.

Gartner, Market Guide for Core Banking Systems, Middle East and Africa, By Vittorio D’Orazio, Don Free, 6 March 2024

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Gartner

Gartner delivers actionable, objective insight that drives smarter decisions and stronger performance on an organization’s mission-critical priorities.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 50 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

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As Gartner® mentions, “CIOs focused on financial services technology modernisation and transformation should leverage a CBS renewal to embrace big changes to your architecture by selecting a new CBS product that has a composable architecture, adopts standards such as those for APIs and exposes microservices. This will help your bank to close the gap with new digital banks that are proliferating in this particular market.”

Profile Software’s Finuevo Suite, a robust and comprehensive Smart Banking Platform, is an API-driven, cloud-enabled solution that can be adjusted with its open architecture to ensure flexibility and versatility, covering the needs of all financial institutions, from large Universal Banks to FinTech start-ups.

“The inclusion of Profile Software in Gartner’s Market Guide for Core Banking Systems in Europe report is a testament to our dedication to providing innovative solutions tailored to meet the unique needs of the banking industry in Europe,” said Profile Software CEO Evangelos Angelides. “With a strong presence and a significant client base, we understand the complexities and challenges faced by financial institutions in the region, and our end-to-end banking solution is designed to address these challenges effectively, providing banks with the agility and flexibility they need to stay ahead in today’s competitive landscape.”

The Gartner® Market Guide equips CIOs with insights on Europe’s core banking landscape, trends, and strategies for transformation and innovation. It covers key players, technological advancements, and ensures CIOs stay ahead.

Gartner, Market Guide for Core Banking Systems, Europe, By Vittorio D’Orazio, Don Free, 6 March 2024

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Gartner

Gartner delivers actionable, objective insight that drives smarter decisions and stronger performance on an organization’s mission-critical priorities.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 50 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

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Finnovex is a series of Summits that examines the Future of Financial Services on how disruptive innovations are reshaping the way they are structured, provisioned and consumed. Finnovex Saudi Arabia’s 24th edition in 2024 aligns with Expo 2030’s theme and aims to discuss, innovate and strategise for Vision 2030’s realisation. With the theme “Fulfilling Vision 2030: Kingdom Banking’s Pinnacle – Transforming Finance for a Thriving Saudi Arabia”, the event will delve into banking’s role in Saudi Arabia’s transformation. Finnovex Saudi Arabia 2024 aims to transform the financial landscape, gathering more than 200 attendees to drive Saudi Arabia’s banking to new heights.

Mr. Yannos Papadopoulos, Chief Commercial Officer at Profile mentions that “The Saudi market is a lucrative market for growth with great opportunities and is a strategic area of focus for us. Finnovex Saudi Arabia offers a great opportunity to showcase the diverseness of our Banking and Investment Management solutions and demonstrate our commitment to driving digital transformation within the financial sector. We are also excited to introduce our new cutting-edge AI solution, AI.Adaptive that will shape the future of the Fintech industry we know today.”

Profile will showcase a wide range of its Banking and Investment Management software solutions, along with the benefits of using its platforms and the ways through which the financial institutions can achieve digital transformation. Another breakthrough not to be missed is the new cutting-edge AI solution, AI.Adaptive, that integrates seamlessly into Profile’s Fintech platforms, and has the capability to operate autonomously, on various Business Intelligence and Data Warehousing (BI/DW) subsystems.

Profile has a long-term presence in the geographical region of the Middle East, having completed significant project implementations in financial institutions and is looking forward to penetrating further the Saudi Arabia market. The company’s sponsorship towards Finnovex Saudi Arabia 2024 presents a great opportunity to showcase the breadth of its solutions.

Visit our booth to discuss and explore how our solutions may help your financial institution grow in the ever-changing digital landscape.

For more information about the summit, please click here, to register, please visit the following link here.

About Profile 

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 50 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

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• Date of the Annual Ordinary General Meeting of Shareholders: Friday, May 31, 2024 (instead of Monday, May 20, 2024, which was initially announced), due to this reconvening in order to grant shareholders the required time to prepare for the exercise of their relevant participation and voting rights.

The Company reserves the right to change the above dates and/or the content of this Calendar, provided that it informs the investor’s community in a timely manner by amending this, in accordance with the provisions of the Regulation.

Nea Smirni, May 10,2024

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In particular, the upward trajectory of the Group’s financial figures was presented, as a result of the globalisation, the systematic investment in software development but also its wider reorganisation, by strengthening the human resources at all levels, within and outside the country’s borders, whilst the backlog of projects amounts to € 130 million for the next three years.

During the presentation, special reference was made to Profile’s brand-new and autonomous Artificial Intelligence solution, AI. Adaptive, which offers immense user experience, converting data into actionable insights and significantly streamlining workflows. In addition, it allows users to pose questions in natural language and make fast decisions with the help of advanced machine learning algorithms. Anticipating trends for the adoption of Artificial Intelligence in financial software, Profile Group estimates that the use of AI will drive significant sales growth in each one of its products. This estimate is supported by a study conducted on behalf of Gartner according to which the needs of the global financial industry in Artificial Intelligence are expected to skyrocket to $ 55.20 billion in 2027. 

Key financial figures for 2023

At a consolidated level, the sales revenue of the Profile Group marked an increase of 20% and amounted to € 30,1 million compared to the corresponding period of 2022. Special reference was made to the Group’s extroversion with new project implementations in Europe, the Middle East, Asia and America, as the Group now has a presence in more than 50 countries. 

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) amounted to € 7.33 million compared to € 6.20 million in 2022, while the Profits Before Tax increased by 34% amounting to € 5.13 million from € 3.83 million. At the same time, Profits After Tax increased by 18%, to € 3.85 million from € 3.27 million. The strong profitability enables significant investment in Research and Development (R&D), in order to keep products at the cutting edge of technology and meet the ever-evolving clients’ needs. 

The Group maintains its financial strength, with a debt/equity ratio of 19% and a general liquidity ratio of 1.6x, as a result of the effective management of working capital. With these data, the Management intends to propose to the General Assembly of shareholders, the distribution of a dividend of € 1.200 thousand, increased by 20% compared to 2022, which corresponds to € 0,048807 per share (gross amount). 

In 2023, Profile Group received significant distinctions at Group level as well as at the provision of independent solutions level including Investment Management (Axia) and Digital Banking (Finuevo) from international analysts and bodies such as Gartner, Forrester, IBS Intelligence, Digital Finance Awards, Finance Derivative, International Investor, International Business Magazine and Fund Awards. 

At the product level, the Profile Group launched the Finuevo Digital and Finuevo Core Banking solutions as SaaS through Amazon Web Services (AWS) as well as through Microsoft’s Azure platform, enabling clients to benefit from the power of the cloud to entirely transform their banking operations.  

Profile Group’s executives presented the new solution, AI.Adaptive, thoroughly analysing the ways in which Artificial Intelligence integrates into existing financial technology infrastructure, simplifying interaction with databases and applications with the use of Large Language Models (“LLMs). The solution is LLM-agnostic and functions independently from the specific language model used, communicating with various Business Intelligence and Data Warehousing subsystems. In particular, AI.Adaptive was successfully implemented in the AXIA (Investment platform) and Finuevo.Suite (Digital Banking), transforming the way of interaction with the end user. In addition, the design of the solution is characterised by a modular architecture where, combined with the appropriate degree of autonomy, it enables clients to integrate it to their existing solutions including financial and banking databases, APIs, Data Lakes and other applications.

Group Outlook for 2024

As pointed out during the presentation, the Group’s sales revenue for the first quarter of 2024 is expected to increase further, compared to the corresponding percentage of 2023, as the continuous and successful investments in new solutions of the financial sector such as Finuevo.Suite that integrates the unique Digital experience of the end user with a sophisticated Core Banking system make the Management optimistic for the current year. The Group aims at further development and the enrichment of its portfolio with the utilisation of Artificial Intelligence (AI) in the existing and new solutions, which are functional with its Fintech platforms. 

At the same time, the digital modernisation of the State continues at a staggering rate with Profile Group implementing seamlessly projects undertaken, based on years of experience and expertise, and creating the corresponding positive expectations in the further assignment of projects of relative interest. 

Another pole of growth shall come from acquisitions, which are on the Group’s radar, where specific cases are examined that are expected to create multiplier profits for its shareholders, leaving a lasting impact on the market. 

Profile Group’s growth and profitability rates are amongst the industry’s leading ones and this upward curve creates prospects for doubling the figures over the next three years.

About Profile 

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 50+ countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post Profile Group: Presentation to the Hellenic Fund and Asset Management Association appeared first on Profile Software.

• Date of announcement and publication of the Annual Financial Statements of Fiscal Year 2023 (1.1.2023-31.12.2023), prepared in accordance with IAS / IFRS standards: Friday 12 April 2024.
• Annual briefing to analysts, fund managers and investment community at the Greek Institutional Investors Association, Tuesday 30 April 2024.
• Date of the Annual Ordinary General Shareholders Meeting: Monday 20 May 2024 .
• Year 2023 ex-dividend date is set for Tuesday 4 June 2024.
• Year 2023 dividend Record date (Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T)) is set for Wednesday 5 June 2024.
• Year 2023 dividend payment date is set for Tuesday 11 June 2024.

Detailed information will be provided by the company with an announcement at a later date.

The Company reserves the right to change the above information, provided that it informs the investor’s community in a timely manner by amending this, in accordance with the provisions of the Regulation.

The post Financial Calendar of the Year 2024 appeared first on Profile Software.

During the year, new agreements were closed with 45 organisations, in 12 different countries, which generated new sales from software licenses, subscriptions, services and projects, while the backlog and recurring revenues for the next three years stand at € 120 million. euro.

At a consolidated level, from continuing operations, the revenues of the Profile Group marked an increase of 20% and amounted to € 30.1 million compared to € 25,0 million in the corresponding period of 2022. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) amounted to € 7.33 million compared to € 6.20 million in 2022, Profit before Taxes increased by 34% to € 5.13 million from € 3.83 million, while Profits after Tax increased by 18% to € 3.85 million from € 3.27 million.

It is noted that the adjusted EBITDA of the Profile Group (without the impact of extraordinary and non-recurring items, such as the accounting of the stock options, goodwill impairment and provisions according to IFRS-9), amounted to € 8.48 million in 2023 from € 6.84 million in the corresponding period of 2022 and increased by 24%.

Accordingly, the adjusted Profits after Tax (excluding the aforementioned extraordinary and non-recurring items, as well as the amortisation of intangible assets of the acquired companies) amounted to € 5.45 million from € 4.47 million, increased by 21%.

The Group’s liquidity remained at satisfactory levels, with total cash at the end of the year 2023 at € 12.2 million. In addition, Profile Group maintained its financial strength, with a debt/equity ratio of 19% and a general liquidity ratio of 1.6x, as a result of the effective management of working capital, ensuring seamless financing of the Group’s investment plan, in spite of challenges of the volatile economic environment.

During the past year, the Group launched numerous new solutions and updates of existing ones, which lead to the assignment of new projects by large financial organisations abroad, the committed engagement of existing clients, as well as to the undertaking of large-scale projects for the Public sector, where there are very important growth prospects of the Group’s key figures in the coming years.

Profile Group received new distinctions both at Group and solutions’ level. In particular, at the Group level, it was awarded at the “Digital Finance Awards” as Digital Banking Provider of the Year, at the “Bite Awards” for the Significant Growth in recent years, and at the “Chrima Business Awards” for Business Innovation.

In addition, at the solutions’ level, the Group received significant distinctions for the Investment Management (Axia) and Digital Banking (Finuevo)solutions from analysts and organisations such as Gartner, Forrester, IBS Intelligence, Digital Finance Awards, Finance Derivative, International Investor, International Business Magazine and Fund Awards.

At the product level, the Group promoted the Digital and Core Banking solutions as SaaS through Amazon Web Services (AWS) enabling clients to benefit from the power of the cloud to entirely transform their banking operations.

At the same time, Profile Centevo, a member of Profile Group, launched the upgraded Centevo Suite platform. Moreover, it implemented SWIFT connectivity with AWS, achieving a significant milestone, and strengthening its market position. Furthermore, it completed the transition to an independent solution and migration to the cloud of AWS.

With respect to the activity in the Public Sector, various projects are under implementation, among others, My TEKA App of the new TEKA Fund, the Remote-trials for the Ministry of Justice, the Integrated Portal for AADE (Independent Public Revenue Authority), the digitisation of the borrowers’ files for Deposits and Loans Fund, the National Pet Registry for the Ministry of the Interior, the e-school for the Ministry of Education, the digitisation of files for the Ministry of Migration and Asylum, the digitisation of Mortgage Registers for the National Land Registry, the recording of minutes for the Ministry of Justice, etc.

The strong and healthy financial position of the Profile Group allows for the seamless implementation of its investment plan, aimed at further development of financial sector solutions, as well as strengthening its presence in complex and large-scale projects for the Greek Public sector, as well as the further utilisation of artificial intelligence (AI). Particularly, the new AI.Adaptive solution, which is functional with the Group’s Fintech platforms, is the next step in the Group’s development roadmaps.

Considering the aforementioned, the Management of the Profile Group estimates that as long as the general geopolitical and macroeconomic conditions are not deteriorated, its growth is expected to further accelerate significantly in 2024, aiming to doubling the key figures within the next three years.

The post Profile Group: Significant domestic and international increase of key figures in 2023 – revenues € 30.1 mil up by 20% appeared first on Profile Software.

The conference attempts to highlight through vigorous and impactful discussions, the key themes shaping our world, with Geopolitics, Planet, Sustainable Economy & Finance, Future, Education, and People as Thematic Pillars. The conference will be attended by representatives of the Greek and international leaders as well as prominent figures from the economic, political, business, and Civil society. At the centre of the discussions are expected to be the complexities and challenges that lie ahead, investigating innovative solutions and strategies that boost societies towards a more sustainable and prosperous future.

In the context of the conference, which runs under the patronage of H.E. the President of the Hellenic Republic, Mrs. Katerina Sakellaropoulou, “The Great Transition” will be noted with a focus on the multifaceted transitions the world is experiencing.

During the panel session titled “The Next Wave: Financial Institutions Reimagined”, Mr. Dimitrios Litsikakis, Strategic Accounts – Business and Services Director at Profile, will share valuable insights on artificial intelligence (AI) as a key tool in modern financial institutions.

Profile has significant experience and expertise in the implementation of large and complex IT projects and participates actively in relevant notable events, aiming at contributing to the digital transformation of the country.

To watch the Delphi Economic Forum IX through live streaming, please register here.

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WealthTech100 is an annual list of 100 of the world’s most innovative WealthTech companies selected by a panel of industry experts and analysts. Investment firms, private banks as well as financial advisors identify and recognise in them their expertise and consider them as valuable partners when crafting their digital transformation strategies and developing new customer propositions.

Profile’s Axia Suite platform was selected in the final list after a thorough review of more than 1,300 companies. The integrated, AI-enabled, omni-channel Investment Management platform is built on modern technologies and delivers comprehensive functionality to holistically meet and exceed demanding investment management requirements.

By offering one of the best Wealth Management Solutions to the market, Axia Suite platform delivers superior and personalised services to a demanding clientele, while through its tailormade custody solution, it comprehensively covers all the needs of the Custodian Services market and provides the required flexibility to continuously adjust to its ever-evolving needs.

Mr. Aris Iliopoulos, Group Solutions Director at Profile says that “We feel privileged for having been listed amongst the global top 100 solutions providers in the Wealth space. This recognition not only underscores the dedication and expertise of our team but also highlights the value our platform brings to the industry”.

Profile remains focused on providing innovative wealth management software solutions based on cutting-edge technology that enable financial institutions to navigate complex ecosystems with confidence and agility.

About Profile 

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions. 

Follow Profile on LinkedIn. 

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page. 

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

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Fondsdagen (Fund Day) is a traditional annual conference aiming to bring together the Norwegian fund industry and contribute significantly to its sustainability and growth. The conference highlights the challenges and opportunities for the fund industry, the confidence needed to take risks and think differently, the taxation of returns in mutual funds, the present of savings as well as the status and future of sustainable investments. The milestone of the event shall be a panel debate intended to take place amongst distinguished speakers.

In the event, Profile Centevo shall be showcasing its updated Centevo Suite solutions, covering a wide range of Asset Management, Fund Management, Portfolio Management, Pension Funds and Family Offices’ needs. The new features that will be presented offer increased data exchange security and compliance with the GDPR regulation. The enriched end-user solutions, integration solutions, and back-office services of the Centevo Suite enable businesses to grow efficiently in a structured and automated way. The aforementioned advancements coupled with the in-depth knowledge of the Nordic market, more than 30 years of experience and expertise, and a base of more than 65 clients make Profile Centevo the leading Asset & Fund Management Software provider in the region.

Profile Centevo continuously enriches its offerings with future market trends and always acts as a proactive partner by offering innovative technology solutions with a strong customer focus. Moreover, it remains committed to supporting industry events that promote technological advancements and foster innovation.

We will be delighted to welcome you to our booth and learn first-hand about our solutions.

For more information regarding the Norwegian Fund and Asset Management Association, please visit the following link here. 

The post Profile Centevo sponsors Fondsdagen 2024 in Norway appeared first on Profile Software.

Profile, a leading international financial solutions provider, announces the launch of its pioneering AI.Adaptive solution and incorporates the cutting-edge technology introduced by Artificial Intelligence, revolutionising the digital landscape.  The solution, enhanced by the capabilities of OpenAI, adopts an LLM-agnostic strategy, enabling the direct and flexible interaction with Profile’s Axia Suite, Finuevo Suite, Acumen.plus, Centevo Suite, RiskAvert and RegiStar platforms.

AI.Adaptive has been designed to enable users to pose ad hoc queries to application databases, in natural language, both written and spoken. This is accomplished through the development of advanced natural language processing (NLP) and machine learning (ML) algorithms, leveraging the adaptability of the LLM-agnostic platform to enhance its capabilities.

The solution provides users with the capability to rapidly obtain personalised, reliable information without using predefined reports, in order to make fast decisions, maximising efficiency across the operations of their organisation.

AI.Adaptive integrates seamlessly into Profile’s Fintech platforms, but has the capability to operate autonomously, with various Business Intelligence and Data Warehousing (BI/DW) subsystems of another origin. With an innovative approach, the solution is independent of the specific LLM language model used, offering an LLM-agnostic platform that guarantees flexibility and compatibility with various AI engines.

Mr. Evangelos Angelides, Chief Executive Officer at Profile says that “We have been committed to continuously enhance the user experience by leveraging cutting-edge technologies. In this context, we are making significant investments, enriching our portfolio with AI.Adaptive, which marks a significant advancement in user-centric design, accessibility, as well as flexible and personalised information, aiming in immediate decision-making and overall productivity enhancements.”

He also stated that “Today, AI.Adaptive is fully functional with the Axia Suite platform and we are moving forward quickly with the rest of the company’s platforms, whilst more functionalities of this technology will soon be announced in areas such as data analysis, consulting, etc.”

Profile remains committed to its vision of providing innovative solutions based on cutting-edge technology that enable financial institutions to navigate complex financial ecosystems with confidence and agility.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post Profile Software launches the new AI solution AI.Adaptive appeared first on Profile Software.

For the third consecutive year, the Digital Finance Awards highlighted and rewarded the innovative approaches and the pioneering digital transition projects towards Digital Banking and Digital Insurance by Banks, Insurance Companies High-Tech Providers, Fintechs and Insuretechs.

In particular, the Profile Group received the Grand Award “Digital Banking Provider of the Year” and won two Gold Awards in the categories “Best Digital Platform” and “Best Consumer / SME Lending Digital Initiative”. In the latter case, the company was awarded for the implementation of the innovative, integrated digital platform at TMEDE Microfinance Solutions.

The award ceremony took place on Thursday 22 February at the Athenaeum InterContinental Athens Hotel. The awards were presented to company executives whilst the event was honoured with the presence of top executives from various industries.

Profile Software remains fully committed to innovation, setting new industry standards and driving digitalisation. By focusing on extroversion, we actively contribute to the success of our clients, enhancing our impact and driving growth for both our group and the wider economy.

About Profile 

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post Top distinctions for Profile Software at the “Digital Finance Awards 2024” appeared first on Profile Software.

Profile, a leading international financial solutions provider, with 25 years’ experience in shareholder management, announces the launch of RegiStar, a brand-new solution, which is based on a modular platform, and is considered a top choice for large multi-shareholder private companies with nominal shares.

RegiStar is an integrated solution for complete monitoring and management of shareholder registry. All companies having issued nominal shares can now enhance their investor relations services with a robust, and top-notch technological platform. The system provides a user-friendly interface, fast data management, a plethora of tools and it is easy to adjust and customise according to any company’s requirements.

RegiStar has been developed, utilising all the recent technologies and best practices to provide modern tools to IR managers. Amongst other things, the solution is cloud-enabled, supporting all languages (multi-language), whilst making full use of the Windows rights system (LDAP). Moreover, it integrates automation systems (e.g. automatic loading of transaction files) and machine learning, offering ergonomics in use, speed at work and quality in the information generated. The solution is enriched with a support system for General Meetings and corporate actions and a valuation system (in monetary units) for the transactions both at shareholder level and at dynamic shareholder groups collectively.

The solution can be accessed from any browser (Chrome, Edge, Opera, Safari) and can be hosted at any cloud provider including Amazon Web Services (AWS), Microsoft Azure, and/or on-premises. The platform supports SMTP to inform users directly of several functions or actions occurred in the system through email. Moreover, it auto-saves user preferences and offers dynamic Reporting through AI and Alerting based on specific parameters, such as the reception of a message regarding transactions for specific shareholders or shareholders who exceeded a percentage on shares or reduced it below a specific percentage.

The most important benefits derived from the use of the platform include flexibility and scalability to accommodate future requirements as well as a secure and reliable performance. The embedded modern design significantly enhances the user experience. The platform also offers 24/7 accessibility, whilst its highly modular component-based architecture enables the adoption of a tailor-made solution to fit the specific needs of each company.

RegiStar is becoming the ideal choice for shareholder registry, offering a unique experience and setting a milestone in the world of investor relations.

About Profile 

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions. 

Follow Profile on LinkedIn. 

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page. 

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post Profile Software launches RegiStar solution appeared first on Profile Software.

Following the acquisition of Centevo by Profile, the decoupling project from the Norwegian Central Securities Depository “The Norwegian CSD” (former owner of the company) was initiated and the process was successfully completed. The project involved exiting the Euronext data centre and building an entirely cloud native solution by Profile Centevo.

Profile Centevo has now built its own functionality whilst at the same time it has forged an external partnership with “The Norwegian CSD”. As part of this transformative initiative, Profile Centevo has developed its own robust message integration capabilities via sFTP, MQ, and has obtained its own SWIFT certificate. Moreover, it has built an independent IAM solution and introduced functionalities tailored for distributors amongst various other enhancements that means more tailored and efficient services for clients.

Furthermore, Profile Centevo is among the pioneers integrating Amazon RDS for Db2 into its Centevo Suite on the AWS cloud. This development, officially announced by AWS on November 27, 2023, revolutionises the management of Db2 databases in the cloud. The integration enhances Profile Centevo’s commitment to financial services, providing advanced connectivity for entities utilising SWIFT. With Amazon RDS for Db2, Profile Centevo benefits from seamless database creation and management, including Multi-AZ deployment for highly available databases. The move ensures advanced security measures within the AWS cloud, reinforcing Profile Centevo’s position as a leading financial service provider in Norway.

The migration to AWS is a significant milestone, with over twenty fund managers and distributors seamlessly transitioning to the new platform. Profile Centevo has also migrated its message integration services, laying the foundation for a comprehensive evolution and solidifying its commitment to providing uninterrupted services whilst innovating, ultimately benefitting its clients with improved services and capabilities.

Mr. Stefanos Athanasiadis, Chief Executive Officer at Profile Centevo says that “We are thrilled to announce that Profile Centevo is now the premier service provider in Norway with integrated connections to “The Norwegian CSD” for funds. Our commitment to autonomy and innovation have propelled us to create our own functionalities, ensuring an unmatched experience to our clients”.

Dr. Apostolos Kritikopoulos, Group Technical Director at Profile Group says that “This achievement not only highlights our commitment to innovation and autonomy but also underscores our dedication to providing superior services to our clients. The transition to AWS and the development of our independent functionalities places us on a prominent position in the financial service providers market in Norway”.

Profile Centevo remains committed to delivering innovative solutions, redefining the financial services landscape in the Nordics.

About Profile Centevo

Profile Centevo, a member of Profile, is a leading provider of asset and fund management solutions in the Nordics. Offering independent, cloud-based, fully integrated investment management solutions, Profile Centevo helps Asset Management companies as well as Fund Managers and Banks in the Nordics to accomplish their business goals, bringing technological innovation and ground-breaking solutions.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post Profile Centevo completes transition to independent solution and AWS appeared first on Profile Software.

Dr. Apostolos Kritikopoulos, Group Technical Director at Profile Software, will participate in the thematic session: “Digital Skills and Human Resource Shortage – Addressing the Grand Challenge of our Era”, where he is expected to develop the digital skills that are necessary in the field of technology along with the scarcity of these skills presented by the human resources in Greece and the ways they can be addressed.

The conference attempts to highlight the new paths paved by digital technology, defining new standards, posing new challenges, and constantly providing new opportunities for growth and competitiveness, aiming at the welfare of Greek society and the development of the national economy. The conference will be attended by leading government officials, officials of the European Institutions, representatives of industry bodies and organisations, experts of the global digital technology industry as well as representatives of key businesses of the industry as well as other industries of the economy.

The conference will take place in a hybrid format on December 18th, both in-person, observing all health protocols and the preventive measures against COVID-19 pandemic and online through a digital HD live streaming platform.

To watch the Digital Economy Forum 2023: Shaping Greece’s Digital Future through live streaming, please visit the following link here, by clicking “Online Participation” on the day of the conference.

The post Profile Software participates in the Digital Economy Forum 2023 as a Gold Sponsor appeared first on Profile Software.

The post Centevo – en ledande leverantör av lösningar för kapitalförvaltning appeared first on Profile Software.

Mr. Giannis Litsios holds a degree in Economics from the University of Piraeus and an MSc in Business and Management from De Montfort University in the United Kingdom. He is also a member of the Association of Chartered Certified Accountants (ACCA) in the United Kingdom, bringing with him over 16 years of experience in related positions within large multinational companies.

The post Profile announces the appointment of a new Chief Financial Officer appeared first on Profile Software.

Mr. Adrianos Drougkas, Business Unit Director at Profile Software, will present the project of Upgrading the Court Records Maintenance System, as part of the Topic of “Integrated Digital Government Projects: Design, Technologies, Implementation, Artificial Intelligence”.  

The 13th Annual Conference e-Government Forum will focus on the thematic axis “Artificial Intelligence at the Gates of Public Administration: Preparation, Utilisation, Benefits”. The Organising Committee of the leading Conference in the public sector focuses on highlighting its applications in Public Administration, on recording the necessary preparations for their reception and utilisation, on the applications with which the first acquaintance will be made, but also on the preparation of the executives.  

The event will be attended by distinguished personalities from the political scene and the country’s leading financial institutions as well as from high-ranking executives and members of IT and Digital Communications’ departments.   

Profile continues to participate in events that help financial institutions adapt to the digital transformation wave by presenting and showcasing best practices and implementations regarding large and complex IT projects. These projects cover the entire spectrum of the Public sector through integrated solutions that improve the daily operations of businesses and contribute to the welfare of society.   

Come by our stand to discuss and explore how our solutions can help your financial institution grow in the ever-changing digital landscape. 

To register, please fill in the form that follows here. 

To watch the 13th e-Government Forum 2023 through live streaming, please fill in the form that follows here and visit our digital booth on the link that follows here on the day of the conference. 

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The 21st Bank Management Conference will focus on the thematic axis “Banks at a Turning Point: Extended Business Models and Partnerships”. Focusing on how banks are exploring the boundaries’ expansion by providing new hybrid experiences (like fintechs currently do), it will additionally provide content and specialised information to businesses from the different vertical markets. The presentations will focus on the ways banks can expand their portfolio by offering more and differentiated financial solutions to their customers and partners in order to gain a competitive edge.

The event will be attended by distinguished personalities from the political scene and the country’s leading financial institutions, emphasising the importance of digital transformation in the banking industry and highlighting the benefits of Open Banking and disruptive approaches and technologies as well as their impact on businesses.

Profile continues to participate in events that help financial institutions adapt to the modern era by continuously enhancing the digital transformation process.

Come by our stand to discuss and explore how our solutions can help your financial institution excel in your transformative journey.

The post Profile Software strongly supports the 21st Bank Management Conference appeared first on Profile Software.

The world is rapidly changing, and the global economy is undergoing a profound and inevitable digital transformation driven by technological advancements and the rising need to meet the changing customer expectations. Digitalisation has shifted the way businesses deliver value to their customers and has redefined the entire customer journey.

The post Disrupting banking: Revolution through digital transformation appeared first on Profile Software.

The Global WealthTech Summit is Europe’s leading Wealth Tech and Digital Banking event, serving the global financial services, investment and technology industries. The summit focuses on building in-depth relationships with the senior decision-makers at a majority of the world’s largest financial institutions, including banks, asset management firms, insurance companies, pension funds, private equity fund managers, venture firms and family offices. 

Profile Software shall make a Demo Presentation about Axia Suite, its flagship Investment Management solution. The executives will showcase the overall benefits delivered from the platform’s use along with the value delivered and the ways financial institutions can achieve digital transformation. 

Profile Software continues to participate in events that focus on the digital transformation of financial institutions by embracing modern technologies and addressing the evolving customer needs more effectively.

Come and visit our Booth No. 4 to learn more!

For more information about the summit, please click here, to register, please visit the following link here. 

The post Profile Software participates in the Global WealthTech Summit as a Silver Sponsor appeared first on Profile Software.

Eurofinance is the world’s largest and most influential treasury event welcoming more than 2,000 attendees from over 50 countries coming together to exchange experiences, learn best practices and meet leading financial and technology partners. 

We are excited to have participated in this event, where we had the opportunity to present Profile Software’s cutting-edge solutions for Treasury Management and Capital Markets, setting the pace for the latest developments in the evolving treasury landscape.

The post Profile Software sponsors Eurofinance International Treasury Management 2023 appeared first on Profile Software.

Profile, a leading financial solutions provider, has announced today the implementation of the Axia Custody solution at Liberum Wealth, to advance and facilitate the management of their custody operations. The solution enables the financial institution to use advanced technology capabilities and significantly contributes to offering more tailor-made investment services.

Liberum Wealth is a subsidiary of Liberum Capital, a leading independent investment bank headquartered in London. Liberum Wealth serves as a specialist provider of global custody, asset servicing, payments, treasury and trade execution services for investment funds, professionals and private clients, by providing fast, efficient and secure services across international markets. It is a London Stock Exchange member firm and regulated by the Guernsey Financial Services Commission.

Axia Custody allows Liberum Wealth to enhance its offering via a one-stop shop solution that not only caters for custody and execution, but also provides a highly flexible technology platform and front-end tools to expand their services as well as enable bespoke arrangements to meet client’s needs.

Liberum Wealth benefits from complete control of custody operations in a single investment platform. The latest technology standards of the solution allow it to perform both internal and client-oriented operations at a minimum operational risk and cost.

Mr. Stephen Ozanne, Chief Executive at Liberum Wealth said that “When selecting a provider for our core custody platform, we wanted a partner who shared our values of providing clients the highest levels of service, and who had the capability to offer a complete solution with a high degree of flexibility. After an extensive review of competing systems, we chose Profile and their Axia platform due to the flexibility of the software and Profile’s can-do attitude to work with us to develop novel functions. Our teams have worked closely with Profile’s experienced staff to design and configure a solution that meets our requirements. It is very much a collaborative relationship, which we believe will help us gain advantage in the market.”

Mr. Evangelos Angelides, Chief Executive Officer at Profile says that “We are delighted to collaborate with Liberum Wealth, a financial institution that provides global custody and execution services. We are convinced that our investment custody solution, which applies international best business practices and has already gone live, shall improve Liberum Wealth’s custody operations by offering flexibility, rich functionality, compliance and risk control and assist them to gain and sustain an edge in the long-run.”

Axia Suite is becoming the preferred choice for financial institutions across the globe. The platform’s tailored solutions, continuous evolution and rich functionality offer a unique experience, delivering unrivalled client value.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post Liberum Wealth implements Axia Custody Solution appeared first on Profile Software.

The conference provided an invaluable platform for addressing the complex interplay between artificial intelligence (AI) and cybersecurity, both in government structures and infrastructure and in the private sector, in the context of our rapidly evolving digital landscape.

The event welcomed a diverse group of participants, including state and institutional leaders, government representatives, officials from the Ministry of Digital Governance, academics, market professionals, and experts from Greece and beyond.

With a track record of successfully implementing substantial IT projects, Profile Software reaffirmed its commitment to supporting Greece’s digital transformation through its involvement in Cyber Greece 2023. We are excited to have participated in this event, where we had the opportunity to exchange views with industry leaders around AI and cybersecurity.

The post Profile Software at Cyber Greece 2023 appeared first on Profile Software.

AWS Cloud Day Athens is a free in-person event that brings the cloud computing community together to connect, collaborate, and learn about AWS. It attracts tech enthusiasts from all industries and skill levels who wish to accelerate innovation, deliver scalable, flexible and reliable solutions and advance in their cloud journey. The event offers the opportunity to learn from AWS experts and customers who have successfully built solutions on AWS.

Dr. Kritikopoulos will showcase the ways that Profile Software has adopted in offering cutting-edge technologies by presenting the amazing journey and experience in using AWS in the cloud. In addition, the speaker will present the way that Profile leverages the new AWS technologies that have been customised to its unique business needs.

The discussions are expected to include demo sessions dedicated to the innovative cloud solutions of AWS coupled with interactive workshops through which the participants will be given the opportunity to be informed about the advantages of AWS services.

For more information about the event, you may access the official website of AWS here.

To register, please click here.

The post Dr. Apostolos Kritikopoulos from Profile Software, a Keynote Speaker at the AWS Cloud Day Athens appeared first on Profile Software.

At a consolidated level from continuing operations, the turnover of the Profile Group has marked an increase of 23% and amounted to € 12.5 million compared to € 10.2 million in the corresponding period of 2022. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 17% to € 3.1 million compared to € 2.6 million in the first half of 2022, Profit before Taxes increased by 27% to €1.8 million from €1.4million., while Profits after Tax increased by 43% to € 1.5 million from € 1.0 million.

It is noted that the adjusted EBITDA of the Profile Group, without the impact of extraordinary and non-recurring events, such as the accounting of the stock options to the executives of the Group, amounted to € 3.2 million in the first half of 2023 from € 2.7 million in the corresponding period of 2022. In the same context, the adjusted Profits after Tax (excluding aforementioned stock options and depreciation of the valuation of the acquired companies’ intangible assets) amounted to € 1.9 million from € 1.4 million.

The Group’s liquidity continues to be at satisfactory levels, with total cash at the end of the first half of the year at € 14.5 million. In addition, the Profile Group maintains its financial strength, with a debt/equity ratio of 22% and a general liquidity ratio of 1,7x, as a result of the effective management of working capital. Accordingly, it maintains the guarantees for seamless financing of the Group’s investment plan, against the challenges of the volatile economic environment.

On an operational level, in the first half of 2023, the Profile Group has presented a dynamic course by closing new agreements and significant expansions with 24 organisations in 12 countries, while at the same time, it received new international awards for the solutions Investment Management (Axia) and Digital Banking (Finuevo Digital) by the eminent research firm, IBS Intelligence, as well as by industry media such as International Investor and International Business Magazine.

On a product level, Finuevo.Suite platform, which was launched in 2022, marked a significant commercial success during the current year, in the field of alternative digital financial organisations, Fintechs and traditional banks. The platform integrates digital and core banking applications “all-in-a-box”, which makes it a fully integrated banking solution with an innovative leading technology digital banking system. Also, in the first half of 2023, the Group launched the upgraded version of Centevo.Suite platform, to meet the evolving needs of Asset management & Funds Administration, mainly in the wider Scandinavian region, which incorporates advanced functionality and a series of new features in cloud infrastructures.

The strategic collaboration with Amazon Web Services (AWS), a leading global cloud service provider, was also announced, through which the Group’s solutions are available as Software-as-a-Service (SaaS).

With respect to the activity in the Public Sector, various projects are being implemented, with AADE (Independent Public Revenue Authority), Economic Chamber of Greece, Social Security Fund TEKA for the Ministry of Labour, the Army Pension Fund, the Land Registry, the Ministry of Interior, the Ministry of Justice, the Ministry of Energy, the Ministry of Education, the Ministry of Migration and Asylum and the Consignment Deposit and Loans Fund while new projects are expected, which consolidate the Profile Group as an important technological partner of the Public Sector.

The strong and healthy financial position of the Group combined with the undertaking and implementation of major projects in the Financial as well as in the Public Sectors, allow for the seamless implementation of its business plan and offer significant room for growth in the uncertainty of the international economic environment. The Management of the Profile Group estimates that as long as the general geopolitical conditions are not further burdened, the current year’s goals will be achieved with a satisfactory growth rate similar to that of last year.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post Profile Group: Investments in new solutions pay off – strong growth and further increase in profitability in the first half of 2023 appeared first on Profile Software.

Profile, a leading financial solutions provider, has announced today that MoneyMasters Limited has gone live with Axia Suite platform to enhance its wealth management operations. The platform has enabled the financial institution to streamline its processes and optimise operational efficiencies in order to successfully achieve its digital growth and territorial expansion across the Caribbean.

MoneyMasters Limited, the rapidly growing Jamaican asset management firm, is a financial institution which was formed in Jamaica in 2007 and whose primary goals involve the provision of project financing, quality investment, discretionary and advisory wealth management services for private clients as well as the management and marketing of their own funds.

Profile has replaced the financial institution’s existing internally developed tools and manual paper-based processes to provide an end-to-end digital experience to its clients. Moreover, client onboarding and fund subscriptions/redemptions have been automated through Axia Suite client portal.

Axia Suite, the flagship investment management platform of Profile, enables fund managers and back officers to benefit from all the respective functionality the solution has to offer through a single, fully integrated platform. MoneyMasters Limited benefits from the accommodation of any fund type, a full set of digital financial reports as well as from online reporting for internal users, investors and/or pensioners and customisable factsheets, which result in error minimisation and greater productivity, thus, unlocking and adding significant client value.

Mrs Claudette Crooks, President & Director at MoneyMasters Limited points out that “we are excited to partner with Profile, a company that, from the very beginning of our discussions, engaged with our primary focus to incorporate technology throughout our processes in order to scale and optimise our operational efficiencies and boost client engagement. We feel confident that this collaboration shall add value to our client portfolio and enrich their interaction and experience with MoneyMasters Limited.”

Mr. Evangelos Angelides, Chief Executive Officer (CEO) at Profile says that “we are honoured to be embarking on this journey with MoneyMasters Limited, which has recognised the need to use technologically advanced solutions as a means of modernising operations. Profile is committed to contributing towards that direction by offering maximum personalisation and adaptability to the unique needs of MoneyMasters Limited based on international standards of quality and excellence”.

Axia Suite investment management platform is becoming the preferred choice for financial institutions across the globe. Its continuous evolution and rich functionality offer a unique experience, delivering unrivalled client value.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post MoneyMasters Limited goes live with Axia Suite by Profile Software appeared first on Profile Software.

Profile, a leading international financial solutions provider, has announced that the latest version of its treasury management platform, Acumen.plus – the fully STP, real-time cloud-native platform that delivers advanced UX and automation to the modern Treasurer – has been successfully implemented at Intesa Sanpaolo Bank in Albania.

Intesa Sanpaolo Bank Albania, part of the Intesa Sanpaolo Group, is a leading bank in the country offering quality banking services, financial solutions, innovative products and services to corporate, institutional, and high net worth clients, small and medium businesses, and individual customers. The bank has a network of 35 branches in different cities of the country.

Acumen.plus covers all operations that go through Treasury from Forex (interbank and client operations) to Money Market, Security deals (Proprietary trading and clients’ portfolios), Interest Rate and Currency Swaps as well as Client loans and Deposits. Amongst the key features of the platform is Treasury reporting, offering on-demand charts and boards and enabling Treasurers to have a real-time holistic view of the activity, profitability, positions, liquidity and risks focusing on specific tasks or instruments where needed.

In addition, the users benefit from the platform’s flexibility to easily configure the environment by working on familiar screens used in other applications or in legacy systems and then focus on the relevant information needed. The platform’s instant access to information feature leads to better and faster decision-making. Finally, the platform and Profile’s services, by incorporating DevOps and Agile methodologies that address the bank’s technical and functional requirements, meet the standards set in terms of compliance and interoperability with the IT systems of the bank.

Mrs. Suela Aliaj, Head of Treasury and Customer Execution at Intesa Sanpaolo Bank Albania says that “Profile’s experienced team focuses on delivering exceptional customer care and services to our bank on short time frames. The Acumen.plus Treasury management platform has enabled us to produce sustainable results by facilitating immediate access to information whilst supporting regulatory requirements, new operating models and evolving standards.”

Mrs. Pascale Hertzog, Treasury Management Director at Profile mentions that “We are delighted to collaborate with Intesa Sanpaolo Bank Albania with whom we have built a relationship of trust that remains unchanged over time. The bank encourages a style of growth that is attentive to sustainable results achieved through the use of latest technology standards to generate a better customer experience and increased shareholder satisfaction.”

Profile remains committed to developing new products that satisfy clients’ evolving needs and meet their expectations.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

About Intesa Sanpaolo Bank Albania

Intesa Sanpaolo Bank Albania, part of the Intesa Sanpaolo Group, is a leading bank in the country offering quality banking services, financial solutions, innovative products and services to corporate, institutional, and high net worth clients, small and medium businesses, and individual customers. The Bank encourages a growth style that is attentive to sustainable results and creating a process based on trust that derives from customer and shareholder satisfaction, a sense of belonging on the part of our employees and close monitoring of the needs of local communities. Intesa Sanpaolo Bank Albania competes in the market with a sense of fair play and at the present has a network of 35 branches in different cities of the country. Trust, innovation, simplicity, and consistency define their relationships with customers and business innovation.

The post Intesa Sanpaolo Bank Albania implements Profile Software’s Treasury platfom appeared first on Profile Software.

Profile, a leading international financial solutions provider, has announced today that FundBank, headquartered in Cayman Islands, has selected the leading Axia Custody solution to manage and automate their Custody & Portfolio Management operations.

FundBank is an industry-leading institutional banking provider, delivering banking solutions to the alternative asset management industry on a global scale. The organisation regards its technology platform as its strategic business differentiator, paramount to offering its customers multi-asset and multi-currency global processing capabilities with enhanced, efficient and timely Corporate Actions Reporting. In addition, it provides its clients with an Online Portal, offering Order Transmission capabilities and specialised cash management workflows for money market funds.

Utilising the omnichannel capabilities from Axia Suite, FundBank’s clients shall access their account positions directly, generate reports and send orders through an intuitive branded user interface with flexible widgets, secure messaging and other tools. The flexible mechanisms of the Integrated Interface with Core Banking systems, one of the main advantages of the Axia Custody solution, shall offer an easy and seamless flow of data as well as optimisation of processes and communication with the existing Core Banking system of FundBank.

Using the full potential of Axia Custody, FundBank will experience unmatched functional capabilities, configurable workflows, customisable dashboards and reports as well as powerful customer online access, underpinned by future-proof, cloud-native technology and modular architecture, whilst reaping the benefits of unique flexibility, cutting-edge technology, performance and integration capabilities.

Mr. Adam Rossiter, Chief Operating Officer (COO) at FundBank says that “in the face of rapid technological advancements, Profile’s solution shall allow us to benefit from complete control over our custodian operations in a single platform with seamless integration to our systems and enable us to offer a competitive omni-channel experience to our clients. As Fundbank prepares to expand further into key global markets, with additional products and services, the addition of the Axia Custody solution will further enhance its ability to be well positioned to meet the complex and ever-changing needs of the funds industry.”

Mr. Aris Iliopoulos, Regional Managing Director at Profile mentions that “we are delighted to collaborate with Fundbank by offering the Axia Custody solution, which uses the latest technology standards and applies international best business practices. The solution shall empower the bank to profitably perform both internal and client-oriented operations with flexibility at a minimum operational risk and cost whilst generating a better customer experience ecosystem.”

Axia is becoming the preferred choice for financial institutions across the globe. The platform’s continuous evolution and rich functionality offer a unique experience, delivering unrivalled client value.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

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Profile Centevo has developed an innovative service module that facilitates transmission of messages for securities on the SWIFT network and is seamlessly integrated with the existing comprehensive asset and fund management services. The new services are incorporated into Profile’s cutting-edge AWS Cloud service setup and form part of the wider range of cloud-based services offered by the company. The solution targets Banks, Payment Institutions, Neobanks, Digital Banks as well as any other Financial Institution that uses SWIFT.

Mr. Jan Wahlström, Managing Director at Profile Centevo (Sweden) says that “we are delighted to announce that Profile Centevo has gone live on SWIFT with ISO 20022 securities messages now with its own BIC. By harnessing the power of cloud technology, we ensure scalability, flexibility, and enhanced security by offering an unmatched experience to our clients”.

Dr. Apostolos Kritikopoulos, Group Technical Director at Profile Group says that “we recognise the importance of staying ahead in the dynamic financial landscape, and thus, we remain committed to delivering advanced solutions by offering an edge to our clients to streamline their operations, boost efficiency and fuel growth”.

Profile Centevo supports the growth of the financial institutions by providing innovative solutions that transform the asset and fund management experience and maximise overall client performance.

 About Profile Centevo

Profile Centevo, a member of Profile, is a leading provider of asset and fund management solutions in the Nordics. Offering independent, cloud-based, fully integrated investment management solutions, Profile Centevo helps Asset Management companies as well as Fund Managers and Banks in the Nordics to accomplish their business goals, bringing technological innovation and ground-breaking solutions.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, Americas and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post Profile Centevo unites SWIFT Connectivity and AWS Integration appeared first on Profile Software.

Since obtaining its banking license in September 2019, Allica Bank – the financial technology (fintech) challenger bank aimed at established SMEs – has successfully launched and scaled its core deposits and commercial lending on Profile’s core banking platform.

Allica Bank has recently exceeded £2 billion in deposits alongside more than £1 billion in lending on the platform, becoming one of the fastest growing UK fintechs to also achieve profitability in the summer of 2022.

Finuevo Core enables Allica Bank to benefit from a highly modular component-based architecture that allows easy implementation for banking operations, offering an end-to-end banking experience. The easily configurable and scalable environment provides an instant, multi-level overview of operations, built around the bank.

The extension of the bank’s collaboration with Profile shall provide extra flexibility and enable the bank to proactively meet the market’s evolving demands.

The adaptation to Allica’s evolving needs has been a top priority for Profile in order to meet the bank’s expectations and support their growth plans.

Profile’s software solutions are becoming the preferred choice for financial institutions around the world. Through continuous evolution and rich functionality, they offer a unique experience, creating unparalleled client value.

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post Profile Software announces an extension to its relationship with Allica Bank appeared first on Profile Software.

It is evident that traditional banks follow a rather slow pace in adopting digital transformation practices, which proves that the majority of the industry players find themselves in the early stages of the Innovation Life Cycle. However, by failing to respond promptly to the rising market demand, there is a risk of losing significant market share and becoming irrelevant to customers.

As a result, the financial institutions are called upon to face the biggest challenges of the banking industry, ranging amongst client trust, interoperability, increased competition and strict regulations.

The post Digital Banking: A matter of survival appeared first on Profile Software.

The Annual Regular General Meeting of the Shareholders of the Company, held on May 16th,  2023, decided , among others matters, to distribute a dividend of a total amount of 975.111,80 euros  i.e. 0,04 euros per share (gross amount).

Given that 941 own shares are held at ex-dividend date are not eligible   for receiving dividend, the total amount of the dividend per share that will be paid out, will be increased by the amount of the dividend corresponding to the above number of own shares, therefore the final dividend gross amount that will be paid out stands at 0,0400015441 euros per share.

The dividend is subject to a 5% dividend tax, in accordance with the applicable tax law 4172/2013, article 40 par 1 and article 64 par 1,  (with the exception of  shareholders falling under special tax provisions). Following the mandatory tax deduction the net payable dividend per share will be 0,0380014669 euros

The ex-date has been set to July 3th, 2023 and the payment of the dividend to the beneficiaries shall commence on July 10th, 2023. The beneficiaries of the dividend are the shareholders registered in the records of the Dematerialised Securities System (DSS) of the “Hellenic Central Securities Depository” on July 4th, 2023 (record date).

Payment of the dividend shall be made by the bank “National Bank of Greece”, as follows:

1. Through the operators of the beneficiaries in the DSS (Banks and Brokerage Firms), in accordance with the Rulebook of the Hellenic Securities Depository.

2. Especially in cases of dividend payment to heirs of deceased beneficiaries, whose securities are kept in the Special Account of their Share in the DSS under the management of ATHEXCSD, dividend payment process will be carried out after the completion of the legalization of heirs, through ” National Bank of Greece” branch network for five (5) years from the end of this year (until December 31st, 2028).

Dividends which will not be collected within five (5) years from the end of this year, namely until December 31st, 2028, will be written off and transferred to the Greek State.

For additional clarifications or information, please contact the Company’s Investor Relations Department (Tel.: 210-9301200).

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TMEDE, the Greek Engineers and Public Works Contractors Fund, consists of an autonomous institution providing among others LoG’s and Collaterals to its members. TMEDE’s wholly owned subsidiary TMEDE Microfinance Solutions, is the first licensed microlending institution in Greece, which aims at providing alternative means of financing to its members and especially those that are at their early stage of their careers.

The online platform is accessed through mobile or web application and offers users the capability to apply directly from their mobile or PC with just a few “clicks”. The approval and disbursement of the loan from TMEDE Microfinance Solutions, up to the amount of 25.000 euros, takes place in less than 24 hours, providing financing of investment needs, working capital or settlement of outstanding debts.

The platform was presented to the public by the President of TMEDE, Mr. Konstantinos Makedos, and the CEO of TMEDE Microfinance Solutions, Mr. Haris Agyropoulos last Tuesday 20/6/2023. The event was attended by the Governor of the Bank of Greece, Mr. Yiannis Stournaras, the Deputy Governor of the Bank of Greece, Mrs. Christina Papakonstantinou, the President of the Technical Chamber of Greece, Mr. George Stasinos, the Governor of e-EFKA (National Social Security Organisation), Mr. Panagiotis Doufexis, the CEO of Attica Bank, Mrs. Eleni Vrettou, as well as representatives of the entire Technical World.

The presentation included an extensive demonstration of Finuevo Suite, Profile’s new front-to-back banking solution, which has been successfully installed at TMEDE Microfinance Solutions and which is the single integrated solution for core and digital banking applications, combining leading technological and banking expertise. Specifically for the needs of TMEDE Microfinance Solutions, the platform supports Digital Onboarding, Banking-as-a-Service, as well as the entire financial management of lending products to TMEDE members in a digital and agile way, significantly reducing time implementation, operating costs and service time.

Profile believes that the Engineers and Contractors’ community will make extensive use of the platform and its services, and therefore TMEDE Microfinance Solutions will become an absolutely successful venture.

About Profile

Founded in 1990, Profile (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

The post TMEDE’s newly-launched Microlending Platform goes live appeared first on Profile Software.

Diamond Trust Bank (DTB) is a leading regional bank, listed on the Nairobi Securities Exchange (NSE) operating in East Africa for over seventy-five years and an affiliate of the Aga Khan Development Network (AKDN).

The Acumen.plus platform meets DTB’s benchmarks in terms of compliance and interoperability with the IT systems. Acumen.plus addresses the bank’s technical and functional requirements, allowing for more scalability and incorporating DevOps and Agile methodologies. The platform covers all operations that go through Treasury from Forex (Treasury and client operations) to Money market, Security deals and Client loans and Deposits. It allows to move to new markets quickly and efficiently, with template products backed up by the possibility to combine single products in more complex packages.

Among the key features is Treasury reporting, offering on-demand charts and boards with a single source of truth. DTB Treasurers can access all analyses directly through dashboards, providing a real-time holistic view of the activity, profitability, positions, liquidity and risks with a focus on specific tasks or instruments where needed. Thus, Acumen.plus shall empower them to easily and accurately access information that will significantly contribute to faster decision-making.

The platform shall enable traders to benefit from the quick input facility for deals that are not executed in external trading platforms/systems but agreed non-electronically. The key values can be entered directly through a special command line, thus, saving time which can be allocated to more value-added activities. At the same time, DTB users shall benefit from the flexibility delivered by the platform to easily configure the environment by working on familiar screens used in other applications or in legacy systems and then focus on the relevant information needed.

Mr. Nizar Tundai, Head of Business Transformation and General Manager at DTB mentions that “Profile’s experienced team has always been reliable throughout the course of our collaboration, focusing on delivering exceptional customer care to our bank. DTB has not only benefited from the use of Acumen.plus platform, but also, it has gained valuable insights on project management and best practices in Treasury transactions and report management”.

Mrs. Pascale Hertzog, Treasury Management Director at Profile says that “we have acknowledged the existing need of DTB for a modern and technically robust Treasury Management platform – given the widening competitor landscape and the increasingly complex and disruptive marketplace – and strongly support the growing strategy of the bank, which has begun to pivot as a top tier digitally-driven bank in East Africa”.

Profile remains committed to developing new products that satisfy clients’ evolving needs and meet their expectations.

About Profile

Founded in 1990, Profile (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile on LinkedIn.

Stay up-to-date by visiting the News & Events page and learn more about trending topics on the Profile Insights page.

For more information, please contact: Profile – Marketing Dept: E: marketing@profilesw.com

About DTB

Diamond Trust Bank Kenya Limited (DTB) is a leading regional bank listed on the Nairobi Securities Exchange (NSE). An affiliate of the Aga Khan Development Network (AKDN), DTB has operated in East Africa for over 75 years. DTB provides an extensive range of innovative banking solutions through its 135-plus branch network and digital channels across East Africa, anchoring its reputation as an award-winning superior customer experience financial services provider.

The post Diamond Trust Bank goes live with Profile Software’s Treasury Management System appeared first on Profile Software.

Profile Software, a leading financial solutions provider, has announced today they are collaborating with Amazon Web Services (AWS), a leading cloud service provider, to offer the Finuevo Suite solution as a cutting-edge Software-as-a-Service (SaaS). Finuevo Suite combines Finuevo Core and Finuevo Digital, making it an end-to-end banking solution with a pioneering digital banking top-of-the-line system. This integration shall enable the company’s clients to benefit from leveraging the power of cloud to completely transform their banking operations.

The cooperation with AWS dates back to 2021 when Profile Software integrated the Finuevo Core platform on AWS. The next year, Profile Software introduced Finuevo Digital, the pioneering digital banking platform, empowering banks to enrich the digital customer journey.

Finuevo Suite, offered as SaaS shall enable banks to unlock a series of benefits including enhanced agility, seamless scalability, fortified security measures and superior performance. In the same notion, banks are expected to benefit from the extended availability of the solution across geographical regions, reducing the need for costly on-premises infrastructure.

Dr. Apostolos Kritikopoulos, Group Technical Director at Profile Software says that “we are pleased to extend our offerings through the cloud by reaching financial institutions on a global scale. Our collaboration with AWS enables the financial institutions to use resilient systems by offering enhanced experience and enriching the digital transformation journey of their clients, which will contribute to building a sustainable business over time”.

Mr. Przemek Szuder, Director, Central and Eastern Europe at Amazon Web Services, points out that “banks of every size have clearly understood the need to transfer their operations to the cloud as this option offers them the opportunity to modernise, expand the availability of their offering on a global scale and thus reduce costs and drive business growth”.

Profile Software remains committed to empowering financial institutions worldwide to achieve sustainable growth through advanced SaaS solutions.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

The post Profile Software offers Digital and Core Banking as SaaS on AWS appeared first on Profile Software.

MEBIS is the most influential and attended banking technology event in the MENA region. For over 12 years, it has continued to bring bankers and solution providers together, creating a platform for learning and to do business. The summit brings together over 400 senior bankers and fintech leaders from across the MENA region, providing the perfect platform to have power packed face-to-face business discussions with influential experts and industry leaders.

Profile Software shall present the full breadth of its Banking and Investment Management solutions including Finuevo Digital, Finuevo Core, Axia Suite and Acumen.plus leading platforms. Regional executives will showcase the value delivered by the above solutions and the overall benefits derived from their use, along with the ways by which financial institutions may achieve digital transformation in practice.

Profile Software participates once again in this event as it considers that financial institutions need to follow the disruptive trends in such a way as to reach digital maturity, embrace modern technologies and transformation in order to address customer needs in an evolving digital landscape.

Come and visit our stand to learn more!

For more information about the summit, please click here, to register, please visit the following link here.

The post Profile Software participates in MEBIS as a Bronze Sponsor appeared first on Profile Software.

In particular, the upward trajectory of the Group’s financial figures was presented, as a result of the globalisation, the systematic investment in software development but also its wider reorganisation, by strengthening the human resources at all levels, within and outside the country’s borders. This trend is also reinforced by the rapid rise of the Financial sector with double-digit growth rates, where opportunities for the implementation of modern solutions are created, as well as from the wider Public sector in the context of digital transformation, where the assignments to date exceed € 100 million, having announced approximately half of the IT and digitisation project budget.

Key financial figures for 2022

At a consolidated level from continuing operations (excluding the business unit of Ticketing, which was divested in 2022), the turnover of the Profile Group marked an increase of 30% and amounted to € 25,0 million compared to the corresponding period of 2021. Special reference was made to the Group’s extroversion with new project implementations in Europe, the Middle East, Asia and America, as the Group now has a presence in 48 countries.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) amounted to € 6.20 million compared to € 5.15 million in 2021, while the EBITDA margin remained at the satisfactory level of 26%, which is due to the increased contribution of own developed proprietary products, which represent 95% of the turnover. Profits After Tax increased by 60%, to € 3.27 million from € 2.04 million.

The strong profitability enables significant investment in Research and Development (R&D), in order to keep products at the cutting edge of technology and meet the ever-evolving clients’ needs.

On a product level, the Group presented Finuevo Suite, the next-generation banking in-a-box platform, consisting of Finuevo Core and Finuevo Digital. Finuevo Core is the evolution of the leading FMS.next banking system, which combines innovative and flexible functionalities for Accounts, Loans, Cards, Payments, etc., based on new technologies, while Finuevo Digital provides mobile-first advanced Digital Banking applications for the end user, being the evolution in digital banking.

In addition, the innovative solution Acumen.plus Loan Portfolio Management was presented to large enterprises and shipping companies, etc., providing full support in the field of loan portfolio management, Treasury Management, and risk management with advanced functionalities.

Also, there was a significant upgrade of the award-winning investment management platform, Axia Suite, for Mutual Fund and Asset Management Companies, offering front-to-back office operations, which fully meet the needs of investment companies, that manage their own mutual funds.

“RiskAvert”, the risk management platform for the calculation of capital requirements, was upgraded with the addition of new functions, to cover the supervisory requirements for Non-Performing Exposures (NPE Backstopping), as well as for Interest Rate Risk in the Banking Book (IRRBB).

The Group maintains its financial strength, with a debt/equity ratio of 24% and a general liquidity ratio of 1.9x, as a result of the effective management of working capital. With these data, the management intends to propose to the General Assembly of shareholders, the distribution of a dividend of 975 thousand, which corresponds to € 0.04 per share (gross amount).

Group Outlook for 2023

As pointed out during the presentation, the Group’s turnover for the first quarter of the current year showed an increase of 15% compared to the previous year and it is estimated that it will increase further by the end of the year.

The continuous and successful investments of the Group in new products for the financial sector, make the management optimistic for the current year.

At the same time, the government’s investments in the modernisation of the systems and the active participation of the Group, based on years of experience and expertise, create the corresponding positive expectations in the further assignment of projects of relative interest, therefore, the relative backlog of projects evolves incrementally over the course of time.

The third pole of growth shall come from acquisitions, where the Group plans to invest a significant part of its reserves, creating multiplier profits for its shareholders.

Profile Group’s growth and profitability rates are amongst the industry’s leading ones and are expected to remain at high levels for the sixth consecutive year, creating prospects for doubling the figures over the next three years.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 48 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

The post Profile Group: Presentation to the Hellenic Fund and Asset Management Association appeared first on Profile Software.

The conference attempts to highlight through meaningful discussions, the key issues prevailing throughout the world, with Geopolitics Disrupted, Climate & Environment, Sustainable Economy & Finance, Social Inclusiveness and Technological Advancement as Thematic Pillars. The conference will be attended by representatives of the Greek and international political leaders as well as prominent personalities from the business, economic, and academic scene. At the centre of the discussions are expected to be the industry’s prospects, and the developing sectors of the economy due to technological advancements.

In the context of the conference, which runs under the patronage of the H.E. the President of the Hellenic Republic, Mrs. Katerina Sakellaropoulou, the dynamism and radiance of modern and extroverted Greece will be noted, which has made leaps in the digital and green transition, attracting an international investment interest.

At the event, Profile Software’s executives will exchange views on the latest developments and market trends in the banking industry while, at the same time, there will be an opportunity for discussions with government representatives.

Profile Software has significant experience and expertise in the implementation of large and complex IT projects and participates actively in relevant notable events, aiming at contributing to the digital transformation of the country.

To watch the Delphi Economic Forum VIII through live streaming, please register here.

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At a consolidated level from continuing operations (excluding the business unit of Ticketing, which was divested in 2022), the turnover of the Profile Group marked an increase of 30% and amounted to € 25.0 million compared to € 19,3 million in the corresponding period of 2021. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) amounted to € 6.20 million compared to € 5.15 million in 2021, Profit before Taxes increased by 49% to € 3.83 million from € 2.57 million., while Profits after Tax increased by 60% to € 3.27 million from € 2.04 million.

It is noted that the adjusted EBITDA of the Profile Group, without the impact of extraordinary and non-recurring items, such as the accounting of the stock options, amounted to € 6.76 million in 2022 from € 5.38 million in the corresponding period of 2021. The adjusted Profits after Tax (including the profits resulting from the sale of Ticketing business unit and excluding the aforementioned extraordinary and non-recurring items, as well as the depreciation of intangible assets of the acquired companies) increased by 78%, to € 5.22 million from € 2.93 million last year.

The Group’s liquidity remained at satisfactory levels, with total cash at the end of the year 2022 at € 14.2 million. In addition, the Profile Group maintained its financial strength, with a debt/equity ratio of 24% and a general liquidity ratio of 1,9x, as a result of the effective management of working capital, strengthening the guarantees for seamless financing of the Group’s investment plan, against the challenges of the volatile economic environment.

On the operational level, in 2022, Profile Group closed new agreements with 34 organisations in 12 countries, while at the same time, it received new international awards for the solutions Investment Management (Axia), Digital Banking (Finuevo) and Treasury (Acumen) from World Economic Magazine, International Business Magazine, Chartis, Innovatech Awards, Finance Derivative and IBS Intelligence.

On the product level, the Group presented “Finuevo Suite”, the next-generation banking in-a-box platform, consisting of “Finuevo Core” and “Finuevo Digital”. “Finuevo Core” is the evolution of the leading FMS.next banking system, which combines innovative and flexible functionalities for Accounts, Loans, Cards, Payments, etc., based on new technologies, while “Finuevo Digital” provides mobile-first advanced Digital Banking applications for the end user, being the evolution in digital banking.

In addition, the innovative solution “Acumen.plus Loan Portfolio Management” was presented to large enterprises and shipping companies, etc., providing full support in the field of loan portfolio management, Treasury Management and risk management with advanced functionalities.

Also, there was a significant upgrade of the award-winning investment management platform, Axia Suite, for Mutual Fund and Asset Management Companies, offering front-to-back office operations, which fully meet the needs of investment companies that manage their own mutual funds.

“RiskAvert”, the risk management platform for the calculation of capital requirements, was upgraded with the addition of new functions, to cover the supervisory requirements for Non-Performing Exposures (NPE Backstopping), as well as for Interest Rate Risk in the Banking Book (IRRBB).

With respect to the activity in the Public Sector, various projects are under implementation, among others for the Ministry of Justice and the Army Pension Fund, while a number of projects were contracted, such as the portal of the Economic Chamber of Greece, the portal of the new Social Security Fund TEKA for the Ministry of Labour, the Integrated Portal for AADE (Independent Public Revenue Authority), the Integrated Information System of the Renewable Energy Sources for the Ministry of Energy and the Digitisation of the Greek Land Registry. New projects are expected, which establish Profile Group as an important technological partner of the Public Sector.

The strong and healthy financial position of the Profile Group allows for the seamless implementation of its investment plan, aimed at further development in financial sector solutions, as well as strengthening its presence in complex and large-scale projects for the Greek Public sector, enjoying strong comparative advantages. In particular, 2023 begins with 70% recurring revenues in the financial sector and with a backlog of over 100 million euros, which evolves incrementally over time.

Considering the aforementioned, the Management of the Profile Group estimates that as long as the general geopolitical and macroeconomic conditions are not further deteriorated, its growth is expected to further accelerate significantly in 2023, developing the potential of doubling the key figures within the next three years.

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• Date of announcement and publication of the Annual Financial Statements of Fiscal Year 2022 (1.1.2022-31.12.2022), prepared in accordance with IAS / IFRS standards: Tuesday 11 April 2023

• Annual briefing to analysts, fund managers and investment community at the Greek Institutional Investors Association, Friday 5 May 2023.

• Date of the Annual Ordinary General Shareholders Meeting: Tuesday 16 May 2023.

• Year 2022 ex-dividend date is set for Monday 3 July 2023.

• Year 2022 dividend Record date (Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T)) is set for Tuesday 4 July 2023.

• Year 2022 dividend payment date is set for Monday 10 July 2023.
Detailed information will be provided by the company with an announcement at a later date.

The Company reserves the right to change the above information, provided that it informs the investor’s community in a timely manner by amending this, in accordance with the provisions of the Regulation.

The post Financial Calendar of the Year 2023 appeared first on Profile Software.

The discussion shall focus on the Thematic session “AI Powered Matching Platforms – The Future of Hiring and Funding (Challenges & Applications)”, in which topics such as platforms and their dominance in the stock markets and the real economy will be developed. Easy, instant and effective identification of buyers and customers will be analysed as well as the dynamic utilisation of artificial intelligence combined with the ways that can offer a competitive advantage and accelerate business growth.

The panel discussion, which shall be coordinated by Pantelis Lambrou, Co-owner and CEO of P&I Business Management Consulting, will cover trends, challenges, applications and technological advancements in the Artificial Intelligence (AI) industry.

The post Profile Software’s Dr. Apostolos Kritikopoulos, a Keynote Speaker at the Athens Money Show 2023 Conference appeared first on Profile Software.

Fondsdagen (Fund Day) is a traditional annual conference aiming to bring together the Norwegian fund industry and contribute significantly to its sustainability and growth. The conference highlights the challenges and opportunities for the fund industry and includes a panel debate with distinguished speakers.

In the event, Profile Centevo shall be showcasing its updated Centevo Suite solutions, covering a wide range of Asset Management, Fund Management, Portfolio Management, Pension Funds and Family Offices needs. The new features that will be presented enable businesses to grow efficiently in a structured and automated way.

Profile Centevo continuously enriches its offerings with future market trends and always acts as a proactive partner by offering innovative technology solutions with a strong customer focus.

We will be delighted to welcome you at our booth and learn first-hand about our solutions.

For more information regarding the Norwegian Fund and Asset Management Association, please visit the following link here.

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The platform incorporates advanced functionality and substantial flexibility to meet the Asset and Fund Management evolving market needs whilst offering a range of new features.

Centevo Suite consists of end-user solutions, integration solutions and back-office services that enable financial institutions to grow efficiently in a structured and automated way.

The latest version includes an updated end-client solution which consists of a modern and user-friendly interface where clients have immediate access to an enriched range of features. New features include trading for end-clients to actively manage their investments, buy, sell, and switch funds, and set up savings agreements at optional subscription intervals. Furthermore, the solution facilitates end-clients to view their accounts easily and intuitively with a complete, multi-dimensional overview of portfolios and holdings. It also includes performance, transactions and drill-down analysis by instrument, asset class, allocation groupings, etc.

In addition, the solution offers a document archive with a user-friendly overview of contract notes, statements, agreements, reports, etc. It also offers secure client communication where all data exchanged is encrypted and handled according to GDPR regulation. The secure login allows the end-client to have an easy access to our solution through a client login feature by using BankID or Single Sign-On (SSO). Moreover, it offers a personalised White Label and Responsive Application, adaptable to any device or platform, delivering a seamless experience for the end-clients.

Mr. Jan Wahlström, Managing Director of Profile Centevo (Sweden) says that “the adopted technologies of Profile Centevo benefit the asset and fund management companies as they enable them to deliver faster quantitative and qualitative results by fully complying to the regulations. Such technical advances make the Centevo Suite, the most competitive investment management platform in the market available today”.

Centevo Suite is continuously enriched with future market trends thus delivering a ready-to-use and deploy platform, offering maximum performance to clients.

About Profile Centevo

Profile Centevo, a member of Profile Software, is a leading provider of asset and fund management solutions in the Nordics. Offering independent, cloud-based, fully integrated investment solutions, Profile Centevo helps Asset Management companies as well as Fund Managers and Banks in the Nordics to accomplish their business goals, bringing technological innovation and ground-breaking solutions.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 45 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

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Profile Software, a leading financial solutions provider, has announced today the successful implementation of the RiskAvert solution at the Cooperative Bank of Epirus, for the efficient risk management and full coverage of capital requirements’ calculations as well as the production of the relevant supervisory reports required under the EU Capital Requirements Regulation/Directive (CRR/CRD) framework, also known as Basel framework.

The Cooperative Bank of Epirus offers a wide range of products and services (including Digital Banking Services) for Individuals and Businesses while it operates 9 branches in Epirus and has more than 18,000 clients.

The project delivered to the Bank includes the implementation of Functionalities regarding Capital Requirements’ Calculations against Credit Risk according to the Standardised Approach, against Operational Risks with the Basic Indicator Approach as well as the calculations of minimum capital requirements for Non Performing Exposures (NPE Backstopping). In addition, the solution provided fully covers the Large Exposures Framework, the Liquidity Risk (LCR & NSFR ratios calculation and reporting) and the Supervisory Requirements for Interest Rate Risk in the Banking Book.  Respective regulatory reporting requirements for the above areas have also been included.

RiskAvert offers to the Bank the opportunity to benefit from an integrated and flexible platform that ensures data consistency while at the same time providing full control, auditability and transparency. The system’s open architecture allows for configurable management calculations and reporting in a fully user-friendly interface. In addition, the Bank obtains full compliance with the existing and future requirements of the European Union.

Mr. Konstantinos Doulas, Risk Management Director of Epirus Bank, mentions that “Profile Software’s solution shields the security of our operations and guarantees the compliance required with the mandates of the supervisory authorities. I would like to warmly thank Profile Software’s team for the exceptional cooperation during the execution of the project, looking forward to its expansion in order to meet our future needs.”

Mr. Aris Iliopoulos, Regional Managing Director of Profile Software says that “we are delighted to collaborate with the Bank of Epirus, a strong Regional Bank that works responsibly to foster the regional economy and society. We are convinced that RiskAvert solution shall significantly contribute to production, facilitating the staff that supports the Risk Management functions as well as the bank overall, hoping that this project will be the starting point of a long-term cooperation.”

Profile Software remains committed to its vision of providing innovative solutions that enable financial institutions and corporates across the globe to deliver their full potential to their clients. 

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 45 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

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The MANA NGO is an innovative non-profitable initiative, based on the personal experience of one of the founding members who has faced breast cancer and defeated it. The Organisation offers free personalised care and support services, based on medical indications that facilitate the recovery and the reconnection of every woman to her normal life before the diagnosis. The reintegration of women to the positive side of life is the key ingredient of the House of MANA. The scientific work and the actions of the Organisation have been placed under the auspices of the Athens Medical Association.

By showing its social dimension and timeless sensitivity, empathy and optimism, Profile Software actively supports women challenged by the disease by offering essential benefits, to facilitate the issues that concern the Organisation including the methods followed for the awareness regarding prevention, early diagnosis of the disease as well as rehabilitation.

The Managing Director of MANA, Dr. Izoldi Chatzigianni, warmly thanked the Management of the company for its kind sponsorship and support, stressing that “such initiatives prove in practice the concept of empathy and encourage us to continue vigorously our effort in order to create an impact to society.

Profile Software considers offering to society as duty and forms a continuous process. In this context, the company constantly enriches its Corporate Social Responsibility (CSR) programmes, aiming at relieving the vulnerable social groups and  contributing to society for its progress and prosperity.

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The school was founded in June 2017 following a request for the de-crowding of the Special Vocational Education and Training School in Agios Dimitrios and is addressed to pupils with special educational needs. It accepts pupils that live in the municipalities of Kallithea, Moschato-Tavros, Nea Smyrni and Palaio Faliro where the specialties of Ceramics/Handicrafts, Gardening and Cooking operate. In addition, the pupils are taught various courses including Language, Computer Science, Physical Education, Aesthetic Education, Social Education, Music and Mathematics. It also has a group of Special Educational Staff comprised of School Nursing, Occupational Therapy, Speech Therapy, Physiotherapy, Social Service and Psychological Support departments.

By showing its social dimension and timeless sensitivity, Profile Software offers school office equipment (desktops, filing cabinets, etc.) in order to contribute to upgrading the infrastructure by facilitating the work of the administrative staff, pupils’ teaching and full accessibility to their education.

Profile Software’s philosophy is that mutual acceptance and harmonious coexistence with society is an inalienable right for every human being and thus it actively contributes in this direction to ensure equal opportunities between vulnerable groups and society in general. In this context, the company constantly enriches its Corporate Social Responsibility (CSR) programmes, aiming at relieving the vulnerable social groups and contributing to society for its progress and prosperity.

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Athens, 7 December 2022: Profile Software, a leading financial solutions provider, has announced today its participation, for the second year in a row, in the Digital Economy Forum 2022: Digital Greece in the Spotlight, that will be held on December 19, 2022, at the Athenaeum InterContinental Athens Hotel, organised under the auspices of the Federation of Hellenic Information Technology & Communications Enterprises (SEPE).

Mr. Evangelos Angelides, CEO of Profile Software, will participate in the thematic session: “Roundtable Discussion – The Challenges and Opportunities for Tomorrow”, where he is expected to present the investments that take place by the company in Research and Development (R&D) along with the challenges it faces in the successful implementation of large-scale projects. In addition, an analysis of the emerging opportunities in the digital technology field will follow coupled with the highlighting of best practices aimed at public sector bodies and international organisations.

The conference highlights the real potential of the digital technology industry and the significant role it plays for the prosperity of the Greek society and the development of the national economy. The conference will be attended by leading government officials, officials of the European Institutions, representatives of industry bodies and organisations, experts of the global ICT industry, representatives of key businesses in the digital technology industry as well as other industries of the economy.

Mr. Evangelos Angelides, CEO of Profile Software, says that “the digital economy lies at the heart of today’s developments and businesses must rise to the occasion. Profile Software, through its significant expertise, aims at offering integrated and innovative software solutions and actively participating in creating the digital ecosystem of the country”.

The conference will take place in a hybrid format on December 19^th, both in-person, observing all health protocols and the preventive measures against COVID-19 pandemic and online through a digital HD live streaming platform.

To watch the Digital Economy Forum 2022: Digital Greece in the Spotlight through live streaming, please visit the following link here, on the day of the conference.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 45 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

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The Conference shall present the opportunities and challenges that emerge over the Greek economy and entrepreneurship’s unpredictable future. The main topics of the conference will be the upcoming analyses of energy costs and hyper-inflation – which pose a threat to the global economy – the high interest rates, expensive raw materials and logistics upheavals, which tip the balance in entrepreneurship.

The event will be attended by distinguished political figures as well as representatives from international organisations and bodies, including entrepreneurs and C-level executives of leading companies that cover the majority of the industries making up the Greek economy. The significance and contribution of investments, the tourism industry and exports will be discussed and analysed at the conference in view of supporting the GDP and the development of the Greek economy.

With a special emphasis on the events that focus on supporting the Greek economy, Profile Software actively supports the efforts contributing to the sustainable development of the country.

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Athens, 23 November 2022: Profile Software, a leading financial solutions provider, has announced today the implementation of the web portal teka.gov.gr project, designed for the new Hellenic Auxiliary Pensions Defined Contributions Fund (TEKA) as well as that of the myΤΕΚΑ online app, which redefines the standards in the way citizens are informed about the progress of their investment portfolio.

The development of the digital portal teka.gov.gr constitutes the central hub of the insureds for all the issues that concern the Fund. The information provided to the citizens includes a brief presentation of the Fund, clarifications on compulsory or optional admission to TEKA, contributions and benefits of the insureds, detailed information on the account, investments and assurance on an individual basis as well as frequently asked questions for employers and new insureds (salaried and non-salaried persons).

In addition, the portal provides electronic services and useful guides for the digital implementation of specific actions, such as checking employee admission to the Hellenic Auxiliary Pensions Defined Contributions Fund (TEKA), electronic submission of Analytical Periodic Reports (ΑΠΔ), employer’s financial record, and transfer of contributions from e-EFKA to ΤΕΚΑ. The electronic library service is also provided, which includes information about the Laws and Ministerial Decisions, Circulars and general documents as well as actuarial, macroeconomic impact and sustainability studies of Public debt.

At the same time, Profile Software has implemented the myΤΕΚΑ online app project, which has become fully operational. MyΤΕΚΑ is the informational electronic platform of ΤΕΚΑ, which allows insured persons to have direct access to their individual account, monitoring the record of their contributions (paid by themselves and/or their employer) as well as the investment returns, through their PC, tablet or mobile phone. Among the advanced features of the app are the detailed presentation of the investment allocation regarding the disbursed insurance amount and graphical representations of important data per insured individual and in total.

The new myΤΕΚΑ app is addressed to all insured persons of the Fund and interacts with the corresponding EFKA and IDIKA web portals for the collection of the required data. It is expected to fall under the teka.gov.gr web portal, enriching, gradually, the information provided and its functionality in general.

Mr. Adrianos Drougkas, Business Unit Director of Profile Software, says that “Greece is growing by making leaps and bounds in the digitisation of its services, and the youth auxiliary insurance could not be an exception. Profile Software is innovating by implementing the projects for ΤΕΚΑ and significantly contributing to the future of insurance, which is digital as well as to the general digital reform of the Public sector.”

Profile Software contributes significantly to the effort of modernising the Public sector of the country, by offering modern digital solutions of added value and constantly expanding the provision and use of new technologies through complex software projects.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 45 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

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The 20^th Bank Management Conference will present the dimensions and dynamics of the Customer-Centric Model, as the main outcome regarding the digital transformation of banks as well as the different ways that end users may utilise it, changing the culture, including the transaction speed, processing flexibility, the sum of banking services, grants to support small-to-medium enterprises (SMEs) with targeted investments, etc). At the same time, the contribution of Fintechs, innovative technologies, Bank-as-a-Service (BaaS), Embedded Finance and Open Banking Models, which foster management and transparency in the context of Sustainable Development, shall be analysed.

The event will be attended by distinguished personalities from the political scene and the country’s leading financial institutions, emphasizing the importance of digital transformation in the banking industry and highlighting the culture change it brings upon businesses in the modern era. The Conference will present the industry trends as well as the client benefits, deriving from the simplification of processes, aiming at improving their service by using the digital technologies.

Profile Software has significant experience and expertise in the implementation of large and complex IT projects in the banking industry and participates actively in relevant important events, aiming at contributing to the digital transformation and modernisation of the country.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 45 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

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Athens, 10 November 2022: Profile Software, a leading financial solutions provider, has announced today a major upgrade in Axia Suite, the award-winning investment management platform that comprehensively supports the full range of Asset and Fund Management operations on a single platform.  

Axia Suite, the integrated cloud-based and omni-channel investment platform has significantly enhanced its combined Asset and Fund Management Solution with front-to-back office functionalities that fully cover the needs of investment firms, managing and administering their own mutual funds (fund portfolio asset management, fund fees and Net Assets Value calculations, unitholders management, fund accounting entries). The aforementioned companies may also act as transfer agents for third-party mutual funds or have their own distribution networks, or collaborate with individual agents, while at the same time offer a variety of asset management services to their private or institutional clients (Discretionary Portfolio Management, Advisory and/or Execution Only Services).

In addition, the Axia Asset and Fund Management Solution supports a wide range of instrument types, and includes an advanced client portal with digital client onboarding capabilities, as well as a distributor agent portal. The functionalities for the internal users cover the needs of relationship managers, advisors, asset managers, traders, fund administrators, compliance managers, back-office users, and client relationship and client support personnel.

The Axia Suite’s flexibility enables organisations to become more resilient and responsive by adapting immediately to changes whilst offering their services in the most streamlined manner. Moreover, the enhanced version of the solution allows for better and improved data management of large volumes, better execution of daily tasks, and automated generation of multiple reports, saving substantial time and resources.

Profile Software has been continuously investing in the enhancement of Axia Suite, as well as in its full product range, to deliver the ideal platform that offers business agility, increased automation of processes, improved User Experience (UX) as well as operational and cost synergies to its existing and future users. At the same time, by anticipating market trends, it incorporates advanced functionalities and features.

Mr. Nikos Zorbas, Products Transformation Director of Profile Software says that “the upgraded Axia Suite contributes significantly towards a more unified IT applications landscape based on a single platform. Through its cutting-edge technology, the omnichannel platform enables Mutual Fund and Asset Managers to rethink and optimise their internal processes by unifying, simplifying and automating them. They can also avoid dealing with many different solutions vendors and not fully integrated systems, take advantage of cost and operational synergies, focus on their core business, and be able to enhance internal users’, clients’ and agents’ experience while increasing their engagement”.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 45 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

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Stockholm, 3 November 2022: Profile Centevo, a leading Asset and Fund Management software provider in the Nordics and member of Profile Software, has announced today its membership of Swedish Fintech Association (SweFinTech), the representative body for Sweden’s Fintech companies’ ecosystem.

SweFinTech Association gathers everything from startups to unicorns with the mission of creating a world-leading fintech scene in Sweden. Since its inception in 2017, SweFinTech has grown into one of the largest fintech associations in Europe, aiming at contributing to Sweden becoming the country with the best opportunities for fintech companies to start, grow and develop in.

This membership aims at opening the pathway to great synergies for accelerating the pace of innovation in Sweden. On the one hand, the association shall offer the engagement of new partnerships and industry knowledge, regarding other fintech companies in Sweden, and on the other, Profile Centevo shall contribute with the timeless knowledge and expertise in the financial markets as well as the use of modern technologies such as Continuous Delivery (CD).

Mr. Jan Wahlström, Managing Director of Profile Centevo (Sweden) says that “we are delighted and honoured to join Swedish Fintech Association. We believe membership offers us an opportunity to engage further with the members of the association and the broader industry in many different ways. Our joining comes as we announce our updated versions of the existing product features of our Suite. We hope this agreement will be a great start of the two parties’ long-term partnership, and we look forward to bringing more innovative technologies to the Swedish market.”

About Profile Centevo

Profile Centevo, a member of Profile Software, is a leading provider of asset and fund management solutions in the Nordics. Offering independent, cloud-based, fully integrated investment solutions, Profile Centevo helps Asset Management companies as well as Fund Managers and Banks in the Nordics to accomplish their business goals, bringing technological innovation and ground-breaking solutions.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 45 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

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Profile Software, a leading financial solutions provider, has announced today its participation, for the second year in a row, in the 12^th Annual Conference e-Government Forum that will be held on November 2-3, 2022, at the Divani Caravel Athens Hotel and at the same time in digital format by the Organiser.

Mr. Adrianos Drougkas, Business Unit Director of Profile Software, will present the project of Digital Recording Saving and Distribution of Court Hearing Transcripts and Digital Display Boards to Citizens, as part of the Topic of “Principles of Growth and Technologies for the Implementation of Integrated e-Government Services”.

The 12^th Annual Conference e-Government Forum entitled as “The Digital Transformation of Public Administration: From Computerisation to Digital Platforms”, will present the latest developments in the area of Electronic Government, the projects under implementation that create the new landscape of the digital state as well as the benefits deriving from the simplification of procedures, aiming at the digital modernisation of the Public sector and the service of citizens.

Profile Software has significant experience and expertise in the implementation of large and complex IT projects, covering the entire spectrum of Digital Governance in the areas of central and local government, as well as the wider Public sector, offering integrated solutions that focus on improving citizens’ service.

Mr. Konstantinos Mantzavinatos, General Manager of Profile Software, says that “Profile Software has demonstrated numerous successful projects in the Public sector, aiming at its digital transformation, which shall support the country’s sustainable development journey. The company’s contribution, mainly in the implementation of large-scale projects, aims at developing an innovation ecosystem that will allow the economy to grow.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 45 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

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Pascale Valerie Hertzog meets the individual and collective suitability criteria, in accordance with the provisions of article 3 of Law No. 4706/2020, as applicable, and the approved and currently in force Company Policy of Suitability, whilst she does not encounter any legal obstacle or incompatibility of the provisions of the applicable legislative framework on corporate governance, the Greek Corporate Governance Code and its Bylaws applied by the Company, included.

In particular, Pascale Valerie Hertzog holds a BA in Finance and Mathematics from London School of Economics and a Postgraduate Diploma (Master II) from the Institut d’ Etudes Politiques in Paris in Business Finance and Capital Markets. She is fluent in English and Spanish whilst she has many years of professional experience in Project Management and in Information Systems, mainly, of the Financial Services sector. Since 1993, she has been working in PROFILE Group’s subsidiary under the name “LOGIN S.A.”, holding the position of Treasury Business Unit Director for the last three years.

Following the election of Pascale Valerie Hertzog, the Company’s Board of Directors is reconstituted into body for the remainder of its term, i.e. until June 24^th, 2026, extended until the end of the period within which the next Ordinary General Assembly must be convened and until the relevant decision is taken, as follows:

1) Charalampos Stasinopoulos, father’s name, Panayiotis, Chairman of the Board of Directors (Executive Member).

2) Spyridon Barbatos, father’s name, Antonios-Ioannis Baptiste, Vice-Chairman of the Board of Directors (Non-Executive Member).

3) Evangelos Angelides, father’s name, Ioannis, Chief Executive Officer (Executive Member of the Board of Directors).

4) Pascale Valerie Hertzog, father’s name, Paul Robert Pierre, Member of the Board of Directors (Non-Executive Member).

5) Aristides Iliopoulos, father’s name Spyridon, Member of the Board of Directors (Non-Executive Member).

6) Antonios Roussos, father’s name, Antonios, Member of the Board of Directors (Non-Executive Independent Member).

7) Emmanuel Tsiritakis, father’s name, Demetrius, Member of the Board of Dirtectors (Non-Executive Independent Member).

The election of the above non-executive member of the Board of Directors will be announced, in accordance with the provisions of the law and the Company’s Articles of Association, at the next General Assembly convened by the Company’s shareholders.

Νea Smyrni, 24 October 2022

For “PROFILE SYSTEMS & SOFTWARE Α.Ε.”

The post Election of a new Member of the Board of Directors to replace a resigned one – Reconstitution of the Board of Directors into body appeared first on Profile Software.

Oslo, 18 October 2022: Profile Centevo, a leading Asset and Fund Management software provider in the Nordics and member of Profile Software, has announced today that Forte Fondsforvaltning AS has incorporated the Cairo Asset Management solution, as part of the Centevo Suite, to enhance their Fund Management operations. The flexible and new front-end asset management solution shall further automate, streamline and contribute significantly to the effective management of their Asset and Fund Management operations whilst achieving compliance control.

Forte Fondsforvaltning AS is an independent fund management company based in Trondheim, Norway, managing five mutual funds (within equities and fixed income funds) to the institutional and private markets. It is owned by 3T-Produkter AS and employees and has a license for active management and investment advice. The company aims to become a strong national player in the mutual fund industry by creating high risk-adjusted returns for clients through a unique and flexible investment path.

In the effort to fulfill its mission and ultimate goals, the company shall expand their system stack from the existing Fund Services Transfer Agency (TA) functionality to also include the Cairo Asset Management solution and the new end-client portal. The latter service shall offer end clients with a clear overview of their investments, a secure channel to receive encrypted information and a straightforward platform for fund trading.

Mr. Egil Matsen, Managing Director of Forte Fondsforvaltning AS says that “we are proud to be working with Profile Centevo, a leading company in the industry, which is comprised of a team of high-caliber professionals who have been at the forefront for years by offering technological innovation and ground-breaking solutions. The new embedded solution of Profile Centevo shall allow us to streamline our operations and generate substantial excess returns beyond the benchmark indices”.

Mr. Svein R. Borgesen, Managing Director of Profile Centevo (Norway) mentions that “Forte Fondsforvaltning AS is a well-promising fund management company that has promptly identified their need for digital transformation. By embracing modern technology, the company shall run their activities with agility, covering in an optimal manner their investment and fund management requirements. The speed and quality of the onboarding project mark a significant milestone as Profile Centevo’s experienced team has onboarded Forte Fondsforvaltning AS in record time – comparing to the industry average”.

About Profile Centevo

Profile Centevo, (www.centevo.se) a member of Profile Software, is a leading provider of asset and fund management solutions in the Nordics. Offering independent, cloud-based, fully integrated investment solutions, Profile Centevo helps Asset Management companies as well as Fund Managers and Banks in the Nordics to accomplish their business goals, bringing technological innovation and ground-breaking solutions.

About Profile Software

Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centres and a presence in 45 countries across Europe, the Middle East, Asia, America and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

Follow Profile Software on LinkedIn.

Stay up-to-date by visiting the Profile Software NewsRoom and learn more about trending topics on the Profile Software Resources page.

For more information, please contact: Profile Software – Marketing Dept: E: marketing@profilesw.com

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UBCI has a network of 103 branches operating in the very heart of Tunisia’s main economic centres. It offers a wide range of products and services, covering the unique needs of its clients in terms of day-to-day banking, project financing, investment banking, bancassurance and wealth management. The bank has been growing rapidly during the last decade and demonstrated the need for a single Treasury Management solution to cover the actual and evolving set of the industry’s broad requirements.

Acumen.plus offers a turn-key solution to UBCI to cover its domestic and international end-to-end Treasury operations. The system’s open architecture with consistent and configurable workflows and the utilisation of the latest technologies shall empower the financial institution’s growth, ensuring high performance, high degree of expandability and scalability as well as seamless integration. Moreover, the customised processes and automation shall reduce manual errors by streamlining the full life cycles, increasing productivity and reducing implementation time and resources spent. This shall allow UBCI to concentrate on value-added activities and increase profitability through a cost-effective approach.

Mrs. Pascale Hertzog, Treasury Management Director of Profile Software says that “we are delighted to collaborate with UBCI, an innovative financial institution that has promptly recognised the need towards digital transformation. Technology is considered the cornerstone of the Treasury Department’s operation and of decision-making, worldwide. Fully aligned with this mentality, UBCI has selected Acumen.plus Treasury Management solution to address the challenges of the modern era and stand out from the crowd by satisfying its clients’ unique needs.”

Mr. Mohamed Koubaa, CEO of UBCI mentions that “UBCI remains fully committed to increasing customer satisfaction by focusing on delivering unmatched customer experience along the entire journey. Profile Software’s solution, regarding our Treasury operations, will help us foster technological innovation, reflected in the development of new products and services, and enable us to leave our corporate footprint in the daily lives of our stakeholders.”

Profile Software remains committed to its vision of providing innovative solutions that enable financial institutions and corporates across the globe to deliver their full potential to their clients.

The post UBCI selects Profile Software’s Treasury Management solution appeared first on Profile Software.

At a consolidated level from continuing operations (excluding the business unit of Ticketing, which was divested on 14/6/2022), the turnover of the Profile Group has marked an increase of 33% and amounted to € 10.2 million compared to € 7.7 million in the corresponding period of 2021. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) amounted to € 2.6 million compared to € 2.2 million in the first half of 2021, increased by 18%, Profit before Taxes increased by 38% to €1.5million from €1.1million., while Profits after Tax increased by 55% to € 1.04 million from € 0.67 million. Adding the profits from the sale of the Ticketing business unit, Profits after Tax and minority interests increased in the first half of 2022 by 184% to € 2.1 million from € 0.8 million in the first half of 2021.

It is noted that the adjusted EBITDA of the Profile Group, without the impact of extraordinary and non-recurring events, such as the accounting of the stock options in the executives of the Group, amounted to € 2.7 million in the first half of 2022 from € 2.4 million in the corresponding period of 2021. In the same context, the adjusted Profits after Tax (excluding depreciation of the valuation of the acquired companies’ intangible assets and the profits resulting from the sale of a business unit) amounted to € 1.4 million from € 1.0 million, increased by 37%.

The Group’s liquidity continues to be at satisfactory levels, with total cash at the end of the first half of the year at € 16.9 million and net cash at € 10.0 million. Taking into account the value of the own shares, held by the company, cash amounted to € 10.9 million. In addition, the Profile Group maintains its financial strength, with a debt/equity ratio of 27% and a general liquidity ratio of 1,9x, as a result of the effective management of working capital, maintaining the guarantees for seamless financing of the Group’s investment plan, against the challenges of the volatile economic environment.

On an operational level, in the first half of 2022, the Profile Group has presented a dynamic course by closing new agreements and significant expansions with 24 organisations in 12 countries, while at the same time, it received new international awards for the solutions Investment Management (Axia), Digital Banking (Finuevo) and Treasury (Acumen) from World Economic Magazine, International Business Magazine, Chartis, Innovatech Awards and Finance Derivative.

On a product level, the Group has presented “Finuevo Suite”, the next-generation banking in-a-box platform, consisting of “Finuevo Core” and “Finuevo Digital”. “Finuevo Core” is the evolution of the leading FMS.next banking system, which combines innovative and flexible functionalities for Accounts, Loans, Cards, Payments, etc., based on new technologies, while “Finuevo Digital” provides mobile-first advanced Digital Banking applications for the end user, being the evolution in digital banking.

In addition, the new innovative solution “Acumen.plus Loan Portfolio Management” for large companies, shipping companies, etc. has been presented, providing full support in the field of loan portfolio management, Treasury Management and risk management, offering advanced functionalities.

The risk management system for the calculation of capital requirements “RiskAvert” has been upgraded with the addition of new functions, to cover the supervisory requirements for Non-Performing Exposures (NPE Backstopping), as well as for Interest Rate Risk in the Banking Book (IRRBB).

With respect to the activity in the Public Sector, various projects are being implemented, such as the Ministry of Justice, the Army Pension Fund, and others, while a number of projects have been contracted, such as the portal of the Economic Chamber of Greece, the portal of the new Social Security Fund TEKA for the Ministry of Labour, the Integrated Portal for AADE (Independent Public Revenue Authority), the Integrated Information System of the Renewable Energy Sources for the Ministry of Energy and the Digitisation of the Land Registry. New projects are expected, which consolidate the Profile Group as an important technological partner of the Public Sector.

The strong and healthy financial position of the Group allows for the seamless implementation of its business plans and gives a comparative advantage over the uncertainty of the international economic environment. The Management of the Profile Group estimates that as long as the general geopolitical conditions are not further burdened, a satisfactory growth rate, comparable to that of last year, will be achieved for the entire year.

The post Strong sales and profitability growth in the first half of 2022 appeared first on Profile Software.

Profile Software, a leading financial solutions provider, has announced today that the Central Bank of Egypt (CBE) has selected Acumen.plus, the internationally implemented Treasury Management System, to effectively manage and streamline their operations whilst experiencing compliance and powerful reporting for reserve and debt management. The platform will be implemented at the Cairo Head office.

The Central Bank of Egypt (CBE) in Cairo has a total of 4 branches located in 3 cities. As the largest public financial institution, CBE serves the country by maintaining price stability. Having demanding compliance, and reporting requirements, increasing volume of trades and data and extensive universe of instruments, the Risk and Treasury Management System is of paramount importance to CBE, thus the search has been extensive.

Following an international vendor assessment, Acumen.plus aims at providing a cross asset fully integrated and preconfigured Treasury solution to the Central Bank of Egypt. CBE has been looking for a single platform and central repository with configurable workflows that allow for seamless and enhanced straight-through processing (STP). It has been evident the need to have a flexible, configurable, and dependable settlement processing and accounting engine as well as real-time mechanisms in all areas including APIs with market data providers.

In addition, CBE has had the need for a tailor-made Front-to-Back solution, that is, for integrated end-to-end treasury operations including trading, liquidity funding, reporting and hedging, foreign exchange and interest rate risk monitoring.

Acumen.plus supports all operations linked to CBE management of investment portfolio, foreign reserves and various policy-driven asset programs.

Additionally, by moving to one integrated platform, and optimizing workflows, CBE will significantly reduce cost and complexity thus benefiting from a secured scalable technology. Embracing modern technology, CBE will run their activities with agility, covering in an optimal manner their current and future Treasury requirements.

Acumen.plus has been designed to cover all needs of the modern Treasurer whether in a Central or a Commercial Bank and is enhanced on a regular basis.

The post Central Bank of Egypt selects Acumen.plus, the Treasury Platform for compliance and automation appeared first on Profile Software.

In particular, Acumen.plus loan portfolio is the ideal tool to help firms achieve standardisation of workflow, flexible curve management, various calculation methods including client loans based on RFR (Risk-Free Rates) and indices. The system covers a variety of financial instruments such as all types of Fixed or Floating Loan Agreements, Loans with Multiple Tranches (per vessel), Syndicated Loans with Multiple Tranches, Interest Rate and Currency Swaps for hedging, Leasing Agreements, customised schedules, partial/early Prepayments, simulations, real-time valuations, daily accruals, and a wide range of other functionalities.

Furthermore, an out-of-the-box reporting module is available in the system that covers all reporting requirements including periodic payments, future projections cumulatively or per product/facility.

Acumen.plus has an RFR instruments module, to support its clients moving away from (LIBOR) and other IBORs thus deploying Risk-Free Rates. This deployment ensures compliance and easy adoption to any change regarding Libor decommissioning, as well as set up of the new instruments based on RFR rates.

The solution accommodates simple and quick setup of the new instruments based on RFR rates and all requirements are easily integrated in the existing architecture, making a must have tool for any type of corporates thus being up and running in no time whilst enjoying a compliance-ready platform to monitor all loans. It includes the mechanism to support backward looking instruments, whether compounding or averaging, with or without a spread, as well as the management of specific fixing and payment lag. Due to its architecture and available functionality, the platform can comprehensively respond to the market requirements whether going for fixed at the beginning term rates or fixed in arrears daily rates.

In addition, seamless real-time integration with Market Data Vendors and Dealing platforms allows robust and flexible valuations and monitoring.

Acumen.plus is constantly being enriched to deliver advanced user experience with holistic dashboards, for all types of instruments with data and analytics.

The post New solution Acumen.plus Loan Portfolio Management appeared first on Profile Software.

Profile Software, a leading financial solutions provider, announced today the release of its new banking platform, Finuevo Suite, which is the evolution in banking by integrating robust and comprehensive Core Banking, Lending and Payments functionality, with modern and frictionless Digital Banking channels!

In particular, Finuevo suite is a cloud-native, smart banking platform that provides composable banking capabilities, with comprehensive functionality, and pre-packaged configurations that guarantee smooth expandability and quick time-to-market.

The all-encompassing Suite includes:

• “Finuevo Core”, a next generation banking solution, to effectively address the evolving market needs delivering flexibility and versatility, embracing open architecture principles, whilst introducing an exceptional user experience and powerful product factory capabilities. It can be easily packaged and installed, adjusted to each bank’s policies and procedures using its workflow engine offering a modern, efficient, and easy-to-use interface.
• “Finuevo Digital”, the mobile-first, cloud-native Digital Banking solution that helps banks and financial institutions of any size to achieve digital resilience via competitive user experience and automated new customer onboarding. At the same time, Finuevo Digital provides the agility to facilitate streamlined operations. By taking advantage of innovative omni-channel capabilities, it delivers a digital transformation in action.

With the Finuevo Suite organisations like EMIs, MFIs, Digital Banks, Digital Lenders, as well as Banks are utilising a front-to-back banking platform for their end-to-end operations and customer journeys, while being compliant to all latest regulatory requirements.

The Finuevo Suite platform delivers a unique banking experience to banks and financial institutions that want to differentiate and competitively meet and exceed their customer expectations whilst offering an outstanding level of service to their banking professionals.

The post Finuevo Suite: The new Banking experience appeared first on Profile Software.

In particular, Profile’s platforms, Finuevo Digital, the mobile first Digital Banking in-a-box platform, Finuevo Core, the all-new end-to-end Core Banking platform, Finuevo Suite, the front-to-back Smart Banking platform, Axia, the omni-channel Investment Management System, Acumen.plus, the new upgraded Treasury Management solution that delivers unique automation and RiskAvert, the modern Risk Management and Capital Adequacy software, have all been enriched with the latest cutting edge features and technologies.

Profile has been included in numerous industry reports once again such as Gartner, Aite, Celent and Forrester to name a few and nominated for a number of distinctions for its product specialisation and functionality. It is worth mentioning that the company has been included in IBS Sales League Table in Leadership Club, Rank 2 for Investment & Fund Management, Islamic – Wholesale Banking and Treasury & Capital Market

Key awards received the past 2 quarters include:

• “Best Investment Management Solutions Provider UK 2022” and “Best Digital Banking Solutions Provider Europe 2022” by the World Economic Magazine
• “Best Investment Management Solutions Greece 2022” by International Business Magazine
• “Best Digital Banking Software Company UK 2022” and “Best Treasury Management Software Company UK 2022”, by Finance Derivative
• “Digital Banking Software in Europe 2022” by Innovatech Awards

Whilst also has been shortlisted as “Banking Tech of the Year” by Europe FinTech Awards 2022.

With a growing number of client wins, inclusion in key industry reports, release of new products and functionality added, as well as a remarkable IR performance over the year, the Profile group acknowledges these achievements as a drive to strive for more deliverables to the market for competitive offering to industry professionals.

The post A half year of awards appeared first on Profile Software.

The platform has been redesigned to deliver an optimum user experience, to improve user productivity and provide superior customer service. Through a straightforward and intuitive navigation within a modern interface, users have instant access to information and actions. Combined with high levels of process automation and streamlining, users interact as little as possible with the system, performing more tasks in the same amount of time.

Significant and competitive new features have also been incorporated such as voice activated commands, user alerting, chat and powerful workflow setup and management across all functions. Coupled with personalisation capabilities, such as dashboards, shortcuts and navigation history, the new Finuevo Core is a truly forward-looking platform to cover the needs of the modern Bank.

Finuevo Core is the next generation banking platform developed to meet current and future market trends. It can easily integrate through its API layer with any 3^rd party system, and it can be used as the backbone to the bank’s operations offering a unified approach. Finuevo Core is seamlessly integrated with Finuevo Digital, Profile’s new digital banking platform, both part of the Finuevo Suite that delivers front-to-back, cloud- and SaaS enabled, end-to-end banking operations targeted to banks and financial organisations (e.g., EMIs, MFIs, Digital Lenders, etc.) that want to advance their digital transformation and offered services.

The post The new Finuevo Core Banking platform is released! appeared first on Profile Software.

Given that 272,389 own shares of held at ex-dividend date are not eligible for receiving dividend, the total amount of the dividend per share that will be paid out, will be increased by the amount of the dividend corresponding to the above number of own shares, therefore the final dividend amount that will be paid out stands at 0,032413624 euros per share.

The dividend is subject to a 5% dividend tax, in accordance with the applicable tax law 4172/2013, article 40 par 1 and article 64 par 1, (with the exception of shareholders falling under special tax provisions). Following the mandatory tax deduction the net payable dividend per share will be 0,030792943 euros.

The ex-date has been set to June 27th, 2022 and the payment of the dividend to the beneficiaries shall commence on July 4th, 2022.

The beneficiaries of the dividend are the shareholders registered in the records of the Dematerialised Securities System (DSS) of the “Hellenic Central Securities Depository” on June 28th, 2022 (record date).

Payment of the dividend shall be made by the bank “National Bank of Greece”, as follows:

1. Through the operators of the beneficiaries in the DSS (Banks and Brokerage Firms), in accordance with the Rulebook of the Hellenic Securities Depository.
2. Especially in cases of dividend payment to heirs of deceased beneficiaries, whose securities are kept in the Special Account of their Share in the DSS under the management of ATHEXCSD, dividend payment process will be carried out after the completion of the legalization of heirs, through ” National Bank of Greece” branch network for five (5) years from the end of this year (until December 31st, 2027).

For additional clarifications or information, please contact the Company’s Investor Relations Department (Tel.: 210-9301200).

Dividends which will not be collected within five (5) years from the end of this year, namely until ^{December 31st, 2027}, will be written off and transferred to the Greek State.

The post Announcement of ex-dividend date / dividend payment date appeared first on Profile Software.

The transferred Business Unit concerns the UTS TicketLink the Ferry Ticketing Reservation System and the Customs Management Software, whose turnover in 2021 amounted to € 851 thousands. For the ^H1 of 2022 the turnover was expected to reach € 357 thousands compared to € 380 thousands of the respective period last year, representing about 3% of the estimated turnover of the Profile Group for the ^{H1 2022}.

In line to the Business Transfer Agreement (BTA) and Applicable Law, the above transfer includes the transfer of the customer contracts, software, employees and equipment that follows this activity.

Furthermore, the price was considered highly competitive judging by the last years’ economic results of this specific business activity.

The decision for this sale was taken following the implementation of the Company’s business plan to disinvest from non-core business and less rewarding activities, which are expected to require significant funds in R&D, and which are to be directed towards the Core Business Of the company.

The Company’s business plan being implemented focuses mainly on the concentration of its activities in the development of solutions for the financial services sector, the main axis of its activities, on one hand, whilst on the other hand, concentrates on covering major projects on the Recovery & Resilience Fund and in general in the Public Sector of the country, in which the Company expects to have a significant presence in the coming years.

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In particular, the new 12,013,916 shares will be distributed free-of-charge to shareholders of the Company in a ratio of 1 new common registered share for each 1 old common registered share. After the above corporate change, the share capital of the Company will be set at 5.526.401,36 €, divided into 24,027,832 common registered voting shares, with a nominal share value of 0.23€ each.

At the same time, a special purpose reserve was formed, according to art. 31 par. 2 of Law 4548/2018, amounting to 120,139.16€ for the purpose of rounding off the new nominal value of the share.

On 26th May 2022 the above was registered in the General Commercial Register (G.E.M.I.) with Registration Code 2868671 and protocol number 2633247ΑΠ/26.05.2022 the decision (ΑΔΑ: 65Φ046ΜΤΛΡ-3Κ3) of the Ministry of Development and investment (General secretary of commerce -Listed firms division) which approved the amendment of article 5 of the Company’s Articles of Association.

The Corporate Actions Committee of the Athens Stock Exchange on its meeting on 3 June 2022 approved the listing for trading of the new free shares of the Company that came out in accordance with the above.

By decision of the Company, the following are defined:

a. the ex-date date of the right to participate in the share split is on ^{8 June 2022.} From the same date, the Company’s shares will be traded on the Athens Stock Exchange at the new nominal value, i.e. 0.23€ per share, without the right to participate in the bonus shares distribution, and the starting price of the Company’s shares at Athens Stock Exchange will be formed in accordance with the Regulations of the Athens Stock Exchange in conjunction with the decision number 26 of the Board of Directors of the Athens Stock Exchange, as in force, and, Διοικητικού Συμβουλίου του Χρηματιστηρίου Αθηνών, όπως ισχύει, και

b. Beneficiaries in the above corporate action shall be the shareholders of the Company who will be registered in the Dematerialized Securities System (DSS) records on ^{9 June 2022,} for the said listed firm.

The start of trading of the new 12.013.916 free nominal shares on the Athens Stock Exchange is set for ^{14 June 2022}. From the same date, the above shares will be credited to the shares and securities accounts of the shareholders in the DSS.

For more information, Messrs. shareholders can contact the Company’s Investor Relation Department (tel. 210‐9301200 Mr. Vartan Afsaroglou).

Athens 6th June 2022

The post Profile: Announcement of the admission of bonus shares, resulting from the split of Company’s shares appeared first on Profile Software.

This global conference brings together top players of the industry to discuss, brainstorm and look forward to fruitful strategies and partnerships that can transform mindsets.

Profile’s team at kiosk G-13 will showcase its newly launched mobile-first, cloud-native digital banking in-a-box solution Finuevo Digital, as well as Finuevo Core, the next-generation Core Banking platform. Both solutions are part of Profile’s brand-new, cloud-native smart banking platform Finuevo Suite which empowers banks and financial institutions to achieve digital transformation front-to-back.

In particular, Profile’s leading platforms include:

• Finuevo Digital: The mobile-first, cloud-native, Digital Banking in-a-box platform to accelerate digital transformation end-to-end.
• Finuevo Core: Your One-Stop-Shop Core Banking Platform, offering frictionless user experience and powerful product factory capabilities.
• Finuevo Suite: the end-to-end Banking for digital resilience and smart banking of EMIs, MFIs and modern banks that want a highly flexible banking platform to deliver comprehensive banking services

Profile also offers award-winning internationally implemented platforms for investment management, Axia Suite, a full front-to-back-to-risk Treasury system, Acumen.plus, as well as a comprehensive risk management platform, RiskAvert.

Money 20/20 is the ideal event to discuss new trends and product launches where Profile can elaborate more about its leading solutions offering flexibility, innovation, seamless integration and agility across operations.

For more information and to register please follow the link here.

The post Profile Software: Exhibitor at Money 20/20 Europe in Amsterdam appeared first on Profile Software.

During the two days of this prestigious event, Profile will present its cutting-edge and globally recognised Banking and Investment Management solutions for Fintechs, Banks and Investment Management firms.

Profile’s team will discuss the latest market developments and showcase its newly launched mobile-first, cloud-native digital banking in-a-box solution Finuevo Digital, as well as Finuevo Core, the next-generation Core Banking platform. Both solutions are part of Profile’s brand-new, cloud-native smart banking platform Finuevo Suite which empowers banks and financial institutions to achieve digital transformation front-to-back.

In particular, Profile’s leading platforms include:

• Finuevo Digital: The mobile-first, cloud-native, Digital Banking platform to accelerate digital transformation end-to-end.
• Finuevo Core: Your One-Stop Shop Core Banking Platform, offering frictionless user experience and powerful product factory capabilities.
• Axia: The award-winning Investment Management platform for advanced Wealth, Asset and Fund Management, Insurance Investment Management, Personal/Private Banking, Robo-Advisory and Custody operations, operating as a cloud/web-based, omni-channel system over an automated, and risk-free architectural environment.
• Acumen.plus: The full front-to-back-to-risk Treasury system, offering a complete open cloud-native platform for the whole spectrum of Treasury and Capital Markets operations in real-time.
• RiskAvert: The comprehensive risk management platform for regulatory capital calculation and reporting to identify, measure, monitor and manage credit risk over the entire portfolio with ease.

The Middle East Banking Innovation Summit, MEBIS, is MENA’s most prestigious Banking Technology event bringing together the top players in the banking and financial services industries and exploring the latest technologies and digital developments to transform the industry.

To read more click here, to register please visit this page.

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Profile, an international financial solutions provider sponsors the Nordics Cash and Treasury Management conference taking place in Stockholm on 23-24 May at the Scandic Continental, exhibiting the range of our solutions addressing local treasury needs.

Profile Group’s team will be showcasing the range of its innovative cloud-native Treasury management solutions, namely Acumen.plus, a fully automated front-to-back platform, that delivers extreme flexibility, cloud-enabled functionality, streamlining operations, and many more, while counting several successful implementations in the Nordics.

Profile also delivers:

• Banking Solutions for Core and Digital operations, deployed as standalone or integrated, to deliver a unified approach to neo banks as well as conventional, digital lenders, EMIs etc.
• Risk Management, the pioneering capital adequacy platform and reporting ready for Basel IV
• Investment Management, a range of advanced, automated, robo-enabled solutions that meet the evolving market needs across the world

At the Nordics Cash and Treasury Management conference, Industry Experts will elaborate on how to plan the appropriate functions when things change, as well as what lies ahead for new technologies combining human and artificial intelligence, cryptocurrency, globalisation of goods and how next-generation Treasury can utilise digital technology to enhance real-time monitoring and offer true automation.

Profile Group with its subsidiaries always supports local industry fora that elevate technology and new approaches to financial services.

The post Profile at the Nordics Cash and Treasury Management Conference, Sweden appeared first on Profile Software.

Profile Centevo supports this event by presenting the new Centevo Suite and how it enables firms and institutions to automate and streamline their day-to-day processes and activities.

The Centevo Suite covers solutions for Asset, Fund and Portfolio Management, as well as Pension Funds and Family Offices requirements. It also includes an end-client application, with integrated solutions and back-office services. The innovative technology, flexible service delivery, and automation guarantee full support of customer needs. This, combined with an in-depth knowledge of the Norwegian and Swedish markets, makes Profile Centevo the ideal partner in the Nordic region.

As a member of the Profile Group, an international financial software provider with a presence in 45 countries, Profile Centevo offers new platforms applicable to the Nordic financial industry. This includes a full range of Core, Digital Banking, and Treasury, Risk and Compliance as well as Investment Management solutions.

You can find more information on the Norwegian Fund and Asset Management Association here.

The post Profile Centevo sponsors Fondsdagen 2022 in Norway appeared first on Profile Software.

The 9^th Digital Banking Forum is the annual gathering of the financial sector, highlighting the trends and new opportunities for the new banking landscape, both in Greece and abroad.

At the event, intriguing discussions from industry experts will take place elaborating on topics such as banks’ new phygital approaches, the new digital services launched by traditional and new market players, the changes of payment systems in the market, the infrastructure required for the operations of banks and innovations related to the fintech sector.

Profile and its team, being at the forefront of technological events and innovation will be present at the 9th Digital Banking Forum to discuss the evolving market needs across digital banking, presenting the newly launched digital banking in-a-box solution Finuevo Digital. The newly launched platform is mobile-first and cloud-native and empowers financial institutions of any size to achieve digital transformation end-to-end. Finuevo Digital, along with Finuevo Core, the next generation banking platform, being the evolution of the internationally implemented core banking platform FMS.next, are part of the new Finuevo suite, Profile’s new cloud-native smart banking platform.

For more information and to register your interest for the event, please click here.

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More specifically, the company presented a strong financial performance deriving from its International Operations, the steady investment in new technologies, its international expansion through acquisitions and new projects both in Greece and abroad.

Key annual financial figures

At a consolidated level, in 2021, the Group’s turnover increased by 34% and reached € 20,1 mn, as a result of the Group’s new projects as well as the clients’ loyalty in the company’s solutions. Recurring sales reached 70% of total revenue, which provides assurance in meeting this year’s targets.

The Earnings Before Interest, Tax, Depreciation, and Amortisation (ΕΒΙΤDΑ) increased by 28% compared to the respective period last year, amounted to € 5.5 million while the EBITDA Margin was maintained at satisfactory levels of 27,3%. Earnings After Taxes and minority interest increased by 131% and amounted to € 2.2 mn. Strong profitability and cash flow allowed the company to invest approximately 20% of its revenue in R&D, so as to maintain and develop its cutting-edge technology solutions, supporting the constantly evolving market needs.

These investments include specialised human capital, the utilisation of new technologies through the constantly growing subsidiary Profile Technologies, as well as new products’ launch. Profile Technologies has already presented new solutions and applications, like the “Finuevo Suite, Core and Digital”, an end-to-end banking platform which offers ground-breaking functionality and competitive digital features to both banking users and their clients. Moreover, in 2021 the Profile Group has acquired Centevo, a leading software company of Asset/Fund Management solutions in the Nordics, increasing its geographical reach and business knowhow.

It is noted that the adjusted EBITDA of the Group, excluding extraordinary and non-recurring events (such as the accounting recognition of the stock options plan for the group executives), amounted to € 5,7 mn and the adjusted profit after taxes for the Group (excluding the amortization charges deriving from the intangible assets of Login and Centevo on the acquisition day) reached € 2,9 mn.

With the above results in mind, the Group Management will recommend the distribution of dividends of € 770 thousands, corresponding to € 0,064 per share, at the General Meeting of Shareholders.

The Group’s significant activities in the Public Sector, were also highlighted. The Group has successfully completed the e-board for the Ministry of Digital Governance and Ministry of Justice. Last year, the Profile Group implemented the advanced system for digitilisation (recording and de-recording), of the country’s criminal courts cases of the Ministry of Justice, in the courts of the first instance in Athens, Thessaloniki and Piraeus and this is extended to all criminal courts in the country.

The expectations for 2022

International expansion activities will be reinforced in 2022 as well as the coming years, since the Group’s strategic approach is to achieve and maintain its significant growth ratios.

The constant and successful investments in new products, as well as acquisitions, make the Group’s Management confident for the current year, also taking into account the market developments and the macroeconomic environment.

At the same time, the significant investments of the Hellenic state towards the digitalisation of the Public Sector along with Profile Group’s active involvement in this process, resulting from the many years of experience and technical knowhow, endorse expectations to be assigned of relevant to its expertise projects.

During the presentation, it was also highlighted that the turnover for Q1 of 2022 has increased by 90% compared to last year, where 32% refers to organic growth and the rest to Centevo’s integration. If the global geopolitical and economic situation does not change dramatically, a satisfactory growth rate for the total of the fiscal year is expected to be achieved.

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At the event, high-level discussions from both the political scene and key industry players took place elaborating into different topics stimulating change and provoking interesting news.

Delphi economy forum VII run under the patronage of the H.E. the president of the Hellenic Republic Ms Katerina Sakellaropoulou. Main topics included discussions on “How to build better and more resilient Societies following the Pandemic crisis”, “How to navigate through the pitfalls of division and discontent” and “How to re-think deeply entrenched beliefs in Foreign Policy, Security and Economic Growth, and better prepare for an ever-changing and fast-paced world”.

At the conference, Profile’s executives discussed about the market trends in the banking industry, as well as how digital transformation is reshaping the Greek Public sector landscape. The company had the opportunity to elaborate on its newly launched digital banking in-a-box solution Finuevo Digital, the mobile-first, cloud-native, platform that empowers financial institutions of any size to achieve digital transformation end-to-end. Finuevo Digital, along with Finuevo Core, the next generation banking platform, being the evolution of the internationally implemented core banking platform FMS.next, are part of the new Finuevo suite, Profile’s new cloud-native smart banking platform. In addition, Profile’s team of experts discussed with state representatives on the digital transformation coming based on past successful implementation and upcoming needs.

Profile would like to thank the organisers for the excellent setup and the impeccable organisation and looks forward for next year’s insightful discussions.

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“PROFILE SYSTEMS & SOFTWARE SA” (hereinafter “Company”) with reference to the earlier announcement dated March ^{2th 2022}, hereby announces the amendment of its Financial Calendar for 2022, with regards to the Annual briefing to analysts Date on 2021 Full Year financial results and therefore is amended as follows:

• Press Release for the Fiscal Year 2021 Basic Financial Results: Thursday 3 March 2022
• Date of announcement and publication of the Annual Financial Statements of Fiscal Year 2021 (1.1.2021-31.12.2021), prepared in accordance with IAS / IFRS standards: Monday 21 March 2022 (end of day, of the Athens Stock Exchange transactions)
• Annual briefing to analysts will be conducted via online conference, Wednesday 13 April 2022.
• Date of the Annual Ordinary General Shareholders Meeting: Thursday 12 May 2022.
• Year 2021 ex-dividend date is set for Monday 27 June 2022.
• Year 2021 dividend Record date (Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T)) is set for Tuesday 28 June 2022.
• Year 2021 dividend payment date is set for Monday 4 July 2022.

Detailed information will be provided by the company with an announcement at a later date.

The Company reserves the right to change the above information, provided that it informs the investor’s community in a timely manner by amending this, in accordance with the provisions of the Regulation.

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At the event, high-level discussions will take place on the growing need for the Wealth Management sector to better understand how to create a personalised offering for their clientele segments and to clarify where to strike the balance between a digital and fiscal offering. With the expertise delivered by senior guest speakers, attendees can expect to discover the strategies, tools, and processes powered by innovation and client-centric values to meet cross-generational needs and thrive in a digital age.

At the conference, Profile’s executives will be discussing how Axia Suite its innovative and award-winning platform for the Wealth Management industry actively contributes to the digital transformation of investment management firms, accommodating Wealth, Asset and Fund Management, Personal/Private Banking, Robo-Advisory and Custody with cloud/web-based, omni-channel capabilities so as to deliver a competitive user experience in an automated and, compliant operational environment.

The event will also give the opportunity for Profile to elaborate on its newly launched digital banking in-a-box solution Finuevo Digital, the mobile-first, cloud-native, platform that empowers financial institutions of any size to achieve digital transformation end-to-end. Finuevo Digital, along with Finuevo Core, the next generation banking platform, being the evolution of the internationally implemented core banking platform FMS.next, are part of the new Finuevo suite, Profile’s new cloud-native smart banking platform.

The company also delivers solutions dedicated to the banking industry and continuously evolves its platform to meet the growing and rapidly changing market needs

To register your interest for the event, please click the link here.

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At a consolidated level, the Group’s turnover amounted to € 20.1 mn compared to € 15.0 mn in 2020, increased by 34% as a result of new projects assignment, existing customers’ loyalty and preference in the solutions offered by the company, as well as the successful acquisition of Centevo, a leading software company of Asset/Fund Management systems in the Nordics, which products have successfully been integrated into the Group’s product portfolio making them available to all markets.

The Earnings Before Interest, Tax, Depreciation and Amortization (ΕΒΙΤDΑ) increased by 28% compared to the respective period last year, amounting to € 5.5 mn compared to € 4.3 million in 2020, while the EBITDA margin was maintained at the satisfactory levels of 27.3%. Earnings after tax and minority rights increased by 131% reaching € 2.2 mn from € 953 thousand in 2020.

It is noted that the revised EBITDA of the group, excluding extraordinary and non-recurring events (such as the accounting entry of the stock options plan for the group executives), amounted to € 5.7 mn in 2021 compared to € 4.9 mn in the respective period of 2020. The revised profit after taxes amounted to € 2.9 mn from € 1.8 mn, without the charge of depreciation arising from the book value of the intangible assets of Login and Centevo on the day of their acquisition.

At a Parent level, turnover amounted to € 9.17 mn while Profit before Tax amounted to € 1.1 mn.

The Group maintains its financial strength, with the debt / equity ratio at 27.8% and the general liquidity ratio at 2,0x as a result of effective working capital management.

At an operational level, in 2021, the Profile Group demonstrated dynamic growth contributing to the activities that positively affected results whilst the launch of new solutions for the banking sector produced new deals amounting to € 13 mn from 23 organisations across 11 countries whilst new distinctions were awarded by industry analysts such as Gartner, Celent, Forrester, etc.

More specifically, 2021 the Scandinavian company Centevo was acquired providing Profile Group with access to new geographies and know-how. In addition, Finuevo is the mobile-first digital banking in-a-box solution that was introduced, Acumen.plus, the new fully automated treasury management platform was also launched and Axia Custody was significantly upgraded. At the same time, the Risk management solution RiskAvert was selected by Epirus Bank to better comply with the European Regulatory Framework for capital adequacy, whilst Optima Bank went live with the complete “omni-channel” Digital Banking solution fully supported by Profile. In Public Sector related projects, it is worth mentioning, that the Group successfully completed the e-board for the Hellenic Ministry of Digital Governance and the Hellenic Ministry of Justice.

At the same time, Profile Technologies is expanding by investing in personnel and infrastructure, launching new solutions and applications such as “Finuevo suite, core and digital”, the end-to-end banking platform that offers highly innovative functionalities for bank users and their customers.

The strong and sound financial position of the Group supports the uninterrupted efficacy of the investment plan aiming to further develop its operations in international markets as well as the successful penetration in Hellenic public sector projects making this a competitive advantage to international instability if needed. The Group’s Management closely monitors the sector developments and estimates that provided no further discrepancies occur in the geopolitical arena there is going to be a satisfactory growth rate comparable to that of last year.

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In particular, RiskAvert the comprehensive risk management platform for capital adequacy, was enhanced to incorporate the NPE Prudential Backstop module that enables Financial Institutions to meet regulatory requirements for the calculation and reporting of minimum losses for NPEs.

The module fully covers the calculation of minimum loss coverage amount for non-performing exposures (NPEs), in line with the provisions of Regulation (EU) 2019/630.  It also covers all the relevant reporting requirements of EBA Reporting Framework, regarding NPE Loss coverage.

The rules for the “Prudential Backstop” set a binding minimum level of loss coverage that banks must set aside as a buffer to absorb losses for newly originated loans that become non-performing after the enforcement of the specific regulation (April 2019).

In addition, RiskAvert has also been enriched with the development of the updated version of Interest Rate Risk in the Banking Book (IRRBB) module that supports the EU prudential Banking supervision and regulatory reporting requirements. This newly launched version of IRRBB is introduced well ahead of the final regulatory technical standard and the forthcoming delegated regulation which is currently under consultation and expected to be finalised by April 2022. The forthcoming regulation introduces methodologies where the NII (Net Interest Income) differs from that of EVE (Economic Value of Equity), as well as the simplified standardised approach.

With these enhancements financial institutions in the Eurozone will better facilitate their processes to efficiently meet their CRR/CRD related requirements and safeguard their business operations effectively. RiskAvert has been developed to help organisations achieve their business goals pertinent to compliance through an intuitive, automated and flexible platform.

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In this inaugural event, the post-pandemic recovery projects of the European economy will be highlighted along with the attractiveness of finance and banking industry in Greece and the investments. It will also elaborate on the digital transformation and the future of the banking sector.

Profile is a leading provider for the banking industry for the past 3 decades, investing in innovation and digital transformation whilst being in front run of technological advancements delivering the most suitable and pioneering platforms to global financial institutions. At the event, Profile will have the opportunity to liaise with industry experts to discuss on what’s new and how the new reality is affecting the sector. The latest addition in its portfolio, the Finuevo Suite, is a complete end-to-end banking platform which incorporates Digital banking (Finuevo Digital) with advanced Core Banking, Lending and Payments solutions (Finuevo Core).  A native-cloud system, for front-to-back operations using state-of-the-art tools to help users achieve exceptional day-to-day banking operations.

Profile supports industry leading events to showcase its constantly evolving product portfolio incorporating market trends with advanced functionality, whilst interacting with the market to better elaborate on trending and future needs.

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In particular, the user is guided through a wizard to provide the necessary information in a methodical way, during onboarding, which eliminates drop-outs and automates the processes to the extent needed. The customer journey is designed to support easy and fast customisation.

Digital Onboarding can be initiated either from an external source, such as an advertisement on social media or ad-hoc from the app/website. For the former, the system is designed to show a browser-based landing page where the user can easily find his/her way around. Once ready to proceed, the user is prompted to enter basic information thus avoiding overflow of questions and info requests. Digital marketing best practices have been deployed to make the journey pleasant for the user so that he/she best enjoys the browsing experience and completes the needed data with ease.

Similar practices are applied when the user onboards from an app or website. A list of the available banking services and products is displayed to select the desired ones and then the same process as above is followed. Information is stored so that the user can complete the process at a later stage from any digital channel (Internet or Mobile Banking). The system asks for biometrics or a PIN for secure connection. Depending on the product selected, a customisable questionnaire is presented to complete in line to international regulations and internal processes.

Finuevo Digital is a truly pioneering digital banking platform with numerous capabilities that are constantly being enhanced to deliver the ultimate user journey and unique experience.

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This partnership will give Cirdan Capital the ability to provide its clients – Investment Professionals, Private Banks, Wealth Managers and Family Offices – with advanced technology capabilities that will enable even more tailor-made and accessible investment services. Axia Suite is Profile’s investment management platform that will be integrated with the already sophisticated proprietary technology of Cirdan Capital, to facilitate the management of capital market operations already available to Cirdan’s clients, as well as support the direct indexing capabilities that Cirdan Capital will make available to its clients in the second half of the year.

“We have chosen Profile Software for their competitive solutions and Axia that has proven to be scalable, flexible, and easily adaptable to our existing systems. This partnership strengthens our ability to be the preferred partner to all those financial providers that look for structured products and new capital market solutions to offer their clients to remain competitive in today’s markets that are in continuous evolution.” – has declared Mr. Antonio De Negri, Founder & CEO of Cirdan Capital.

Mr. Evangelos Angelides, CEO of Profile comments: “We are honored Cirdan Capital selected Axia, our internationally awarded investment management platform, to empower them deliver personalised services. Profile’s platform has continuously been updated to proactively accommodate evolving market trends, providing the required scalability our clients need to swiftly and competitively adjust their services”.

Profile has a long history of developing innovative financial software solutions. In the last decades the company has developed several innovative tech platforms addressing the rapidly evolving industry needs.

Axia Suite is the company’s flagship platform built to comprehensively address the technology & operational requirements of Asset & Fund Management, Wealth Management, Custody Operations and Private Banking. The company’s product philosophy and client engagement focus are to offer maximum personalisation and adaptability to its clients’ needs based on international standards of quality and excellence.

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The combination of both the Profile and the Centevo logos was selected as the cleanest and most straightforward way to present the strength of each company so as to keep the name and local advantages of the company. The 30 years of experience of both companies add to more than half a century of accumulated knowledge in the financial services domain. Centevo has a growing presence in the Nordics with more than 65 clients in the region, a number that is constantly increasing with new projects. Profile is an established software provider of financial solutions internationally whose platforms have been recognised by international analysts. It is the combination of expertise that will deliver a wider range of solutions to the local market.

Profile delivers solutions for Investment Management and Banking, including Treasury, Risk Management and Digital Banking as well as Lending and Payments. The knowledgeable team at Centevo is able to address the growing market needs with such solutions to deliver a seamless customer journey.

Centevo has developed a technology driven mobile-first end client solution whilst The Centevo Suite, its established platform, covers asset, fund and portfolio management as well as family offices and pension funds, delivering greater flexibility to the local market offering a competitive platform.

In the new logo design these values and characteristics are being permeated so as to offer real value to customers and denote the growing and expanding profile of the group.

In addition, the new Website has been launched where the visitor enjoys a journey of information to our revamped “The Centevo Suite”. The platform that includes all solutions as well as services of end-client, integration solutions and back-office services. The visitor is able to navigate in this new website with improved layout and modern look and feel outlining the solutions supported. There is a separate section for demo and career development as well as wealth of info on Profile Centevo. Visit the new website and share your comments on the Contact Us Form!

The post Rebranding & Website Announcement | Centevo becomes Profile Centevo appeared first on Profile Software.

Industry executives will elaborate on analysis and strategy, as well as compliance, sustainability, and law management responsibilities of the firms. Profile Centevo offers independent, cloud-based, fully integrated Asset Management Solutions to Wealth Managers, Fund Managers, and Banks in the Nordics.

Centevo is part of the Profile Group, an international specialised financial software provider with offices in key financial centers and a presence in 45 countries (across Europe, the Middle East, Asia, Africa and Americas) delivering market-proven solutions to the Investment Management and Banking industries.

During the event, Centevo executives will discuss with the professional delegates on the industry developments, the range of new enhanced platforms available in the group and the international approach that the company can provide to cater for the local fund management needs. The Centevo Suite enables firms and institutions to automate and streamline their daily activities utilising an easy-to-use modern interface.

The functionality and services delivered are continuously evolving in close collaboration with our clients and the development process is based on an agile methodology to ensure quick deliveries and modern solutions. The platform is highly configurable to fit the requirements of various market needs. The solutions are provided as cloud services, which ensures a cost-effective alternative with high scalability and security.

The Centevo Suite covers Asset, Fund, Portfolio Management, Pension Funds and Family Offices with mobile-first capabilities for end-client solutions, integration solutions and back-office services. The innovative technology, flexible service delivery and automation guarantee full support of customer needs combined with an in-depth knowledge of the Nordic market.

Furthermore, the platform is continuously being developed and improved with an automated release process securing a quick time to market. Profile Centevo is a growing firm in the Nordics with a leading clientele that focuses on quality and technology driven investment management solutions therefore accommodating new market trends is part of the company’s culture.

At the event Profile Centevo will present its new rebranding and we invite you not to miss this inaugural occasion to meet with the all-new Profile Centevo!

To register for the event please click here.

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Profile Software, an international financial solutions provider, announced today the release of the research study prepared by Alpha Finance about the Group’s financial position. Alpha Finance is an Athens-based well-known Financial Analyst firm that analyses the company’s activities emphasising its competitive features, being key elements of future expansion.

In particular, the analysts mention that “the Profile Group, with 30 years of experience, offers specialised solutions for the financial services industry across 45 countries and has a presence in major business centers in Europe, America, the Middle East, Asia, and Africa. Its solutions contribute to digital transformation with investment in cutting edge technologies accounting for around 20% of the annual turnover. They continue “The company also established a Development Center in Thessaloniki to become the hub of excellence for new technologies adopting latest trends in Artificial Intelligence (AI), Machine Learning (ML), Robotic Process Automation (RPA) and blockchain whilst is about to invest in Augmented Reality (AR) for the industries it operates.”

Alpha Finance continues “Organic growth and bolt-on acquisitions will be the key drivers of growth. Over time more than 60% of sales concern international accounts whilst the recurrent revenue is about 65% with the EBITDA margin being close to 30% and the average percentage of free cash flow being near 60%. They conclude: “Alpha Finance estimates that the company is expected to present growth in the revenue (CAGR 2020-2029) by 11% for the next 9 years and increase of the adj EBITDA by approximately 10% for the same period whilst considering a modest adoption of EU support programs in Greece (RRF). At the same time, for the short-term period (2020-2025) the growth rates are expected to be around 23% and 20% respectively.”

Alpha Finance, incorporating valuation exercise based on DCF methods and comparative EV/adj. EBITDA ’22 targets multiple approaches comparing these to the similar types of companies internationally estimates the indicative intrinsic value of 8.80 euros per share or 107 mn euros. In the case, where the company will proceed with the acquisition of a similar type of firm as was the case with the past acquisitions made i.e. Login in 2017 and Centevo in 2021, the indicative internal value is expected to increase by 0.90-1.10 euros per share whilst the Public Sector projects contribution could yield 0.30-0.60 euros more per share.” The company traditionally trades at lower multipliers 35-40% compared to peers internationally. Lastly, it is worth noting that the company has a healthy balance sheet and strong cash position.

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Founded in 1993, Epirus Bank is the evolution of Credit Cooperative Bank, forming a developing cooperative bank in the Northern part of Greece, and receiving the acknowledgement of both the local community and the accreditation of the Bank of Greece. The bank  demonstrates a dynamic growth across the Epirus Region aiming at becoming a strong regional bank offering high quality and faster results to its customers and a pillar of growth of the local economy and community. With this vision in mind, the selection of RiskAvert was crucial towards achieving better business practices to offer compliance with the regulatory framework, automating their processes of capital calculation and report production. At the same time, the use of RiskAvert, Profile’s advanced and reliable system, will enable them to converge business practice with supervisory requirements, thus allowing them to save time and resources, substantially strengthening the banks’ effort to become a key player in the wider area.

Following a thorough research and vendor evaluation, the bank selected RiskAvert among well-known software providers. This selection reflects Profile’s strategy to develop systems that adequately meet market needs, in particular with RiskAvert, to fully adhere to the requirements of growing banking institutions for a complete and reliable solution in an ever-evolving demanding marketplace, which helps them achieve improvements in crucial elements of their operations, by being compliant with the Basel framework.

RiskAvert is a market proven and flexible platform that comprehensively covers the capital requirements calculation (Credit, Operational, Liquidity and Concentration Risk, Pillar II & III) and generates reports according to the requirements of the regulator, thus becoming the ideal tool for successful management of capital adequacy.

Profile’s risk management team has long-standing experience and a proven track record in efficiently delivering highly demanding, compliance-focused implementations on time and within budget in leading banking institutions. This comprehensive solution combined with the specialisation and experience of the Profile’s team, guarantees complete satisfaction and coverage of the requirements and needs of the bank.

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