Case Study: Optima Bank achieves automated XBRL-compliant regulatory reporting and robust risk management with Profile Software’s RiskAvert

Optima Bank - Customer Case Study

Optima Bank, a leading Greek investment bank and brokerage house, faced the need for a robust, efficient and automated risk management and reporting solution to meet regulatory compliance and XBRL validation requirements. To address these challenges the bank selected RiskAvert from Profile Software for XBRL validation and conversion as well as regulatory capital calculation, group consolidation and risk reporting.

Profile Software implemented the RiskAvert platform to automate capital calculations, risk management and XBRL validation and reporting, fully satisfying EBA taxonomies and covering COREP, FINREP (IFRS & GAAP), IP Losses, Large Exposures, Leverage, Asset Encumbrance, Additional Monitoring Tools, Liquidity, funding plans and supervisory benchmarking portfolios. The RiskAvert deployment delivered end-to-end compliance with the EBA reporting framework and streamlined consolidation and reporting processes, reducing manual effort and the risk of reporting errors.

Optima Bank