Praxia Bank Chooses Moody’s Analytics Software for Risk Management and Regulatory Reporting

Moody’s Analytics, a well-known provider of financial intelligence, has revealed that Greek digital bank, Praxia bank, has chosen the Moody’s Analytics suite of regulatory solutions for asset liability management (ALM), IFRS 9, as well as Basel III compliance.

Praxia bank will make use of the Moody’s Analytics RiskFoundation platform to centralize and consolidate risk management data all through its organization, making use of one solution. The award-winning platform gives a standardized single point of control for carrying out risk analysis and regulatory reporting tasks, allowing the bank to put its IT investment to best use and work out a consistent enterprise-broad risk management plan.

Praxia bank is also set to use the award-winning Moody’s Analytics RiskConfidence solution for IFRS 9, and ALM and liquidity risk management. The integrated solution will let the bank efficiently cover ALM and liquidity risk.

As for Basel III compliance, Praxia bank has picked the RiskAuthority software, a thorough solution which covers data management, supervising reporting requirements and regulatory capital calculations.

Its embedded Basel III calculation ratios as well as its automated workflow processes will help the bank’s quest to deliver efficient and properly structured Basel III compliance, while taking advantage of the automation the solution gives.

Moody’s Analytics is well known for granting financial intelligence and analytical tools to assist business leaders in the making of better, faster decisions. Their deeply rooted expertise in risk management, expansive information resources, as well as their innovative application of technology assist the clients to confidently course through an unfolding marketplace. Mood Analytics is known for their industry-leading and award-winning solutions, consisting of data, research, software, and professional services, brought together for the delivery of a seamless customer experience.