How can technology support the growth of Microfinance Institutions?
In recent years, society has experienced a growing need for Microfinance as a powerful tool for sustainable development. While traditional Microfinance has been serving its purpose for decades, the industry faces the challenge presented by digital technology, which has simply accelerated the shift...
How to create your own Digital Bank?
Banking services are rapidly switching from physical distribution in stores and branches to digital distribution through software and servers. Between 2017 and 2021, 9% of all bank branches in the US have been closed, to minimise cost and drive efficiency. The same occurs in Europe, where major banks close their branches at a rapid pace. Is it the right time to create your own Digital Bank and how you can achieve this?
Digital Transformation: How does it become a reality?
With a vigorous journey of 30 years in the Greek market, as well as a strong presence across 45 countries over the four continents, Profile Software develops and exports technology, constituting a strong player in the international market...
Digital banking and the evolution of it
Many banks have been around for years or even hundreds of years. Some have invested heavily in technology. Most banks invested in technology in the last century and some were locked into vendors with old technologies. To break those chains is a massive challenge, and the rise of digital banking has been the solution. What does this mean?
Volatile Credit Risk Models
Following the rapid changes of risk levels due to health measures and political decisions, regulatory IRB models struggle to keep up, as they are based on historic data. Moreover, due to different governments’ actions aiming to safeguard national income and creditability, the assumption of future modelling bias could prove to be realistic.
Credit Risk Survival Κit – Get prepared for the new regulations!
In an extremely volatile financial environment, due to the pandemic, banks and financial institutions have been called upon to adapt rapidly to a new reality where they need to manage their credit risk while complying with the newly imposed regulations...
Embracing the new reality. A Bank’s perspective
In many instances, technology helps Banks to better address challenges and prepare for the future. However, available as it may be, it is common that technology is not always properly used.
Customer Experience & Omnichannel Transformation in uncertain times
The impact of the coronavirus outbreak is affecting both financial markets and consumer behavior as never before. A major transformation in customer experience in 2020 and beyond is defining the new global market landscape.
Achieving Banking Success for the New Normal
The global economy has greatly reshaped since last March, urging both consumers and businesses to adjust their behaviour, processes and operations to a new reality.
Ready for the Digital era in Treasury ?
By Kostas Kotsiopoulos, Chief Commercial Officer | Amid the COVID-19 pandemic, the expanding role of the treasury function and the accelerated pace of innovation and technology, treasury officers are facing a new reality. This new landscape is urging them to reassess their risks and enhance their visibility getting prepared for multiple scenarios ensuring business continuity. It is therefore obvious that in such volatile times the role of treasury departments becomes even more crucial than ever.