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Allica Bank adopts Profile core platform

Source: Profile

Profile Software, the international financial solutions provider, announced today that Allica Bank, the bank that empowers small and medium businesses to succeed, has comprehensively implemented Profile’s FMS.next, and RiskAvert to manage their banking and risk management operations.

Profile and Allica Bank worked together to speedily deliver the digital banking solutions under challenging timescales.

Allica Bank uses FMS.next as their core banking platform to support their omnichannel digital banking experience and to manage their savings accounts and commercial mortgage lending to customers. In addition, the platform has allowed Allica Bank to rapidly design and launch new products to market. In 2020, Allica Bank also aims to roll out further Profile solutions, including their treasury management platform Acumennet and FMS.next’s payment services.

Deployed in the Microsoft Azure cloud, Profile’s banking solutions - a critical component of the bank’s architecture - provide Allica Bank’s customers with online management of their accounts and transactions. The speed of implementation demonstrates the Profile team’s agility and commitment to delivering mission critical systems for digital banks, as a key part of a large collaborative team. Profile’s solutions were also integrated with international systems and vendors for authentication services, credit control, KYC/KYB/AML and MIS Reporting.
Simon Bateman, CIO at Allica Bank, commented: “We have been working with Profile as a trusted partner to support us in the build of Allica Bank since the beginning. We collaborated closely with their team to deliver on ambitious targets, all within a very short timescale. They will continue to support us as we expand Allica Bank’s suite of financial products that are dedicated to the needs of small and medium-sized businesses.”

Babis Stasinopoulos, CEO at Profile Software, commented: “Profile’s banking platform is designed with flexibility in mind thus empowering Digital banks and startups to utilise its modular architecture and cloud deployment whilst realising fast ROI as the business grows. At Allica we managed to quickly deliver a powerful system that meets client expectations. We consider Allica in the UK as a long-standing partner and valued customer working together to create the next generation of digital SME banking, and we value this project as an important one towards Profile’s expansion into the country’s banking sector.

Profile Software has proven to be a true financial technology provider for modern banking requirements. The company’s team of experts worked closely and intensively as part of a trusted delivery team to help realise Allica Bank’s mission to offer a straightforward business banking experience that is built on modern technology and keeps real human relationships at the core.

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