Piraeus Bank Addresses XVA Requirements with Quantifi’s Single Solution

Piraeus Bank (Piraeus) is the largest bank in Greece, in terms of assets, and is considered the most innovative in the Greek market.

To keep pace with market conditions and ensure compliance with stringent regulation, Piraeus recognised the need to adapt their 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.

With Quantifi the bank now has the ability to very effectively meet the challenges of managing Market and xVA Risks and meeting regulatory requirements as Quantifi has brought greater efficiency and agility to the bank’s trading, risk management, treasury and accounting functions. Benefits include:

  • Consistent risk analytics across front-to-middle office functions
  • Transparency of risk exposures which helps minimise portfolio risk
  • Ability to carry out pre-deal analysis (both pricing and XVA) on the desk
  • Improved performance of their daily XVA and market risk valuations
  • Ability to compute XVA sensitivities and XVA Explain (attribution) on a daily basis
  • Greater control of daily activities, with full audit trails and permissioned processes
  • Advanced reporting  for trading, risk, treasury/back office and middle office usage
  • Strong data transparency to understand the processes behind observed results
  • Flexibility to capture data and report seamlessly
  • Enhanced computational performance

Download the complete case study to see how Quantifi was able to support the adaption of Piraeus Bank’s risk analytics infrastructure.

“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

Request A Copy


Innovative thinking

Client Stories

AFD Treasury Leverages Quantifi’s Integrated Trading and Risk Management Solution

Agence Française de Développement (AFD), is an established and specialised financial institution that has been working to fight poverty and foster economic growth by financing sustainable development projects in developing countries across five continents. AFD is a regulated bank with 40 offices around the world and operating in more than 60 countries.

Client Stories

Helaba Enhances Enterprise-Wide Derivatives Counterparty Risk Management

Helaba, one of the leading German banks, with a workforce of approximately 6,300 and a balance sheet total of around EUR 180 billion, offers financial services to companies, banks, institutional investors and the public sector, both within Germany and internationally. The bank also acts as central clearing institution and service provider for 40% of German savings banks.

Client Stories

OeKB selects Quantifi to Replace Existing Front-to-Middle Solution

Oesterreichische Kontrollbank AG (OeKB) is a specialised institution owned by commercial banks located in Austria. OeKB’s mandate is to support the Austrian economy, offering a uniquely broad variety of services to Austria´s industry and capital market participants. These include services for exports and foreign investments and capital and energy markets services. As of June 2016, OeKB had total assets of €29 billion and employed over 400 people.

Let's talk!

Speak with one of our solution experts