LONDON–(BUSINESS WIRE)–Moody’s Analytics, a leading provider of financial intelligence, has
announced that Greek digital bank, Praxia
bank, has selected the Moody’s Analytics suite of regulatory
solutions for asset liability management (ALM), IFRS 9, and Basel
III compliance.
Praxia bank will use the Moody’s Analytics RiskFoundation™
platform to consolidate and centralize risk management data across its
organization using one solution. The award-winning
platform delivers a standardized single point of control for
performing risk analysis and regulatory reporting tasks, enabling the
bank to best utilize its IT investment and execute a consistent
enterprise-wide risk management strategy.
Praxia bank will also use the award-winning
Moody’s Analytics RiskConfidence™
solution for IFRS 9, and ALM and liquidity risk management. The
integrated solution will allow the bank to efficiently cover ALM and
liquidity risk.
For Basel
III compliance, Praxia bank has selected the RiskAuthority™
software, a comprehensive solution covering data management, regulatory
capital calculations, and supervising reporting requirements. Its
embedded Basel III calculation ratios and automated workflow processes
will enable the bank to deliver efficient and streamlined Basel III
compliance while leveraging the automation the solution affords.
“Working with one technology vendor brings significant advantages from
an implementation and operations perspective,” said Thanos Papanikolaou,
Chief Risk Officer at Praxia bank. “In view of our launch in Greece, we
have proudly selected Moody’s Analytics to be our strategic partner. Its
platforms allow us to efficiently monitor and manage risk, as well as
support the various – and evolving – compliance and regulatory
guidelines.”
“As banks globally look for ways to extract value from their regulatory
technology investment, there is increasing demand for solutions that
enable financial institutions to create synergies between compliance and
business optimization,” said Andy Frepp, General Manager at Moody’s
Analytics. “We look forward to working with Praxia bank to provide
regulatory technology that supports their vision while offering a
leaner, more agile approach to risk management.”
Click
here to learn more about the Moody’s Analytics suite of regulatory
reporting solutions.
About Moody’s Analytics
Moody’s Analytics provides financial
intelligence and analytical tools to help business leaders make better,
faster decisions. Our deep risk expertise, expansive information
resources, and innovative application of technology help our clients
confidently navigate an evolving marketplace. We are known for our
industry-leading and award-winning solutions, made up of research, data,
software, and professional services, assembled to deliver a seamless
customer experience. We create confidence in thousands of organizations
worldwide, with our commitment to excellence, open mindset approach, and
focus on meeting customer needs. For more information about Moody’s
Analytics, visit our website
or connect with us on Twitter
or LinkedIn.
Moody’s Analytics, Inc. is a subsidiary of Moody’s Corporation (NYSE:
MCO). Moody’s Corporation reported revenue of $4.4 billion in 2018,
employs approximately 13,200 people worldwide and maintains a presence
in 42 countries.
About Praxia bank
Praxia bank was created in 2018 and is
expected to fully launch within 2019. Praxia bank is a privately-owned
bank with a solid international shareholder structure operating under
the supervision of the Bank of Greece. Deposits are protected by the
Hellenic Deposit & Investment Guarantee Fund. Praxia bank’s executive
team includes talented professionals who bring a wealth of local and
international banking experience and share a common vision: to offer a
sophisticated banking experience that is more humane and at the same
time more digital than ever, to meet the needs of small and medium-sized
businesses as well as retail customers.
Contacts
TRACEY SCOTT
Moody’s Analytics Communications
+44.207.772.5207
Moody’s
Analytics Media Relations
moodysanalytics.com
twitter.com/moodysanalytics
linkedin.com/company/moodysanalytics
