
Piraeus Bank Seamlessly Modernises Core Systems with Quantifi’s Next-Generation Risk, Analytics and Reporting
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
Quantifi, today announced it has been selected by Piraeus Bank (Piraeus), Greece’s largest bank, in terms of assets, and considered the most innovative in the Greek market. As part of the banks system strategy, Piraeus has partnered with Quantifi to cover contract valuation, analytics and reporting capabilities within the Treasury Middle Office domain.
Piraeus has played a pivotal role in supporting the recovery of the Greek economy and restoring trust in Greek banks. To keep pace with market conditions Piraeus senior management decided to integrate Quantifi into its existing IT systems architecture. Quantifi was selected following a long and extensive selection process of the most advanced and established enterprise-risk technology providers.
“Quantifi was best suited to help execute on our strategy to cover a critical part of regulatory requirements with significant impact on our Capital Requirements. It was important to select a solution with mature valuation, analytics and reporting functionality that could seamlessly integrate with our existing systems,” comments, Jannis Delis, GM - Operations Technology and Organisation, Piraeus Bank. “From a regulatory perspective, xVA is a key business focus. Quantifi is seen as the market leader in this space and its proven track record of successful enterprise risk implementations in other large European banks further validated our selection. Quantifi’s flexible technology was seamlessly integrated with minimal disruption to our existing processes and workflows. Introducing Quantifi bridges the gap in our functionality, optimises business process and reduces total cost of ownership.” continues Jannis.
With Quantifi’s next-generation valuation, analytics and reporting functionality Piraeus now has a flexible and performant capability to address and support computationally intense calculations including xVA, perform accurate valuations on cross-asset portfolios taking into account various risk metrics comprising PFE, VaR, wrong-way-risk, stress testing, sensitivities etc., and generate flexible reports to aid business decisions across their trading user base.
“We are delighted to have been selected by Piraeus as a core part of their trading and risk infrastructure,” comments Roland Jordan, Head of EMEA Sales, Quantifi. “The depth and flexibility of our integrated solution allows Quantifi to tailor setups for various sized banks. We have demonstrated this flexibility with bank-wide implementations in Germany, UK, France and now Greece. Robust risk management is foremost on the minds of senior trading and risk management executives and we have noticed a certain trend amongst banks who are keen to upgrade their risk technology platforms. As a proven, future-proof solution, Quantifi is designed to help clients make this change and is now considered the most suitable solution for these remits.” continues Roland.