To keep pace with market conditions and ensure compliance with stringent regulation, Piraeus recognized the need to adapt their existing risk analytics infrastructure to enhance interoperability with other core systems and align front, middle and back office functions. Senior management also wanted to improve risk control, reduce operational inefficiencies and optimise total cost of risk by streamlining processes, IT and operating models.
Quantifi was selected after an extensive selection process of the most advanced and established enterprise-risk technology providers. Following a detailed RFP process, Quantifi was shortlisted for the proof-of-concept phase (POC). The POC was for Quantifi to demonstrate the depth, flexibility and performance of its solution and ability to deliver a smooth implementation.
Quantifi is a robust, light weight, and flexible XVA solution, which was integrated smoothly and swiftly with our internal systems and process. We trust that this new partnership with Quantifi will help Piraeus fulfil the challenging current and future regulatory requirements.”Christos Arvanitis,
Head of Middle Office and Valuations Department