Profile Software launches Basel III solution

Financial solutions provider Profile Software has launched RiskAvert, described as advanced regulatory capital calculation and reporting platform for financial institutions (FIs). “RiskAvert is a comprehensive Basel II/III solution addressing the calculation, group consolidation and reporting of credit, market and operation risk… (for) seamless integration of the FI’s data sources, scalability and unique user experience,” the company stated.

Profiler added that the solution is designed to accommodate growing pressure on FIs to produce accurate and timely regulatory reports, while delivering streamlined processes and greater risk insight. Its sophisticated credit risk engine measures and reports on regulatory credit risk capital under all approaches, allowing the bank to evolve from the standardised towards the internal ratings-based (IRB) approaches. A customisable allocation engine enables the optimisation of credit risk mitigants (CRM) for minimising capital requirements. The solution fully encompasses the European Union capital requirements directives (EU-CRD) framework, as well as “other Basel flavours”.