the next generation Financial Management System
t h e n e x t g e n e r a t i o n
F inancial M anagement
The needs of the international banking re-evaluate their business & operational IT model, while taking into
environment are constantly increasing, account that customers demand unified service across products,
while regulatory pressure across the channels and borders.
world requires financial institutions of In addition to slower revenue growth, both at global and regional
any size to place the right mechanisms level, financial institutions strive towards securing steady profitability
in force in order to assess and mitigate whilst driving internal costs downward through process efficiency,
potential risks while safeguarding their human capital and technology-enabled effectiveness.
The new operating model spanning across the global banking &
To sustain and/or augment their investment management industry commands that any IT system
competitive advantage, financial covering both Conventional and Islamic-type operations, besides
institutions are forced to radically being compliant to global and local regulations, should be:
Our mission in PROFILE is to provide the-art technologies and best business practices. It is a component-
our clients with a state-of-the-art, highly based solution that offers great operational and development
modular operating environment that will functionality due to its flexible and highly adaptable structure.
ensure successful migration of data and Emphasis has been given to incorporate specialized Islamic Banking
processes, as well as a component- functionality in addition to complying to the Conventional type
based platform whereby financial of banking requirements, as financial institutions expand to diverse
institutions can rely on to conduct their geographic regions.
business and expand their regional FMS is built to offer flexibility and ease-of-use, fulfilling complex and
coverage with efficiency, empowering evolving business needs and integrating with other systems to meet
them to achieve their strategic objectives. the requirements of any financial organization operating in the
To facilitate this goal, we developed Banking and Investment Management domain.
Financial Management System (FMS): FMS encompasses all aspects of a fully functional financial system
FMS is an Enterprise Banking System that holistically caters to all banking and investment management
that covers a wide range of the business operations of international organizations. Its key features are:
processes within a financial institution,
incorporating industry-leading, state-of-
S ystem FMS has been developed and is
continuously evolving to fully
accommodate the operational needs
of the banking and investment
management sectors, thus providing:
• Cost reduction, tight control and
improved risk management of
• Modular and Integrated, offering compliance, flexibility and easy
customization when used across different countries.
• Empowerment of sales and fast
• Centrally managed with global reporting capabilities whilst
new product launch across
providing for local interfaces under a central depository.
multiple domains and borders.
This enables policy enforcement across offices and branches along
with cost effective management of key functions. • Improved and uniform customer
experience for the organization’s
• Expandable to accommodate future requirements and highly
parametric to market trends and international accords’ statutes,
without affecting the cost and maintenance parameters.
To ensure these benefits, FMS
features such as:
• Modular, component-based
• Stand alone or integrated deployment of Solutions with • Scalability to fit any
guaranteed third party systems connectivity, where needed. organization’s current and future
• Multi-entity, providing for the modern operational model of world
banks, with the ability to establish relationships among entities. • Future-proof reliability
of functionality and architecture
• Multi-national / cross-state environment, with full support
to accommodate any business
for local business processes under a global operation’s umbrella.
• Multi-company and multi-sector facilitation along with multi-
• Gradual deployment capability
channel delivery, including high availability circuit operating 24/7.
for fast, minimum cost and risk-
• Multi-fiscal and multi-regulatory concurrent processing to free projects
support specific statutory requirements.
• Complete straight-through-
• Strategic, Tactical and Operational monitoring of profitability processing (STP)
• Powerful decision-making and MIS
• Product Factory, enabling quick time-to-market of new products controls
• Delivery assurance for the
• Third-Party relationship management, to effectively control all provision of cutting-edge
counterparty relationships, incorporating KYC principles. solutions
• Automated Workflow environment, contributing significantly • Technology- and Vendor-
to paperless operations. independent integration layer
• Dynamic Transaction toolkit, enabling easy customization and
adaptability to present and future business needs.
t h e n e x t g e n e r a t i o n
F inancial M anagement
more than a banking system - FMS
incorporates complete and powerful
investment management solutions
FMS provides a complete set of core-banking, investment management and peripheral Solutions
FMS Credit & Loans FMS Islamic Banking
Credit application processing with A complete Solution for managing Islamic Banking products such as
workflow, preparation and submission of Murabaha, Mudharaba, Musharakah, Ijarah, Al-Wadiah and Investment
offers, acceptance of applications, credit products and services such as Sukuk, Shahama and Shihab following
scoring with interfacing to external Shariah rules. The system accommodates the complete product lifecycle
bureaus, progress update and full credit from Front to Back office and all special workflows required by associated
assessment cycle until issuing the rules.
contract. Full management of the credit/
loan lifecycle. FMS Factoring
A complete solution covering all types of factoring products and
FMS Deposits processes from contract initiation and management of counterparties,
Complete support of all deposit product to the controlling of factored invoices and credit lines provided to clients.
categories (current, checking account,
etc) as well as the option to create new FMS Financial & Operating Leasing
and customized products. It also
It offers specialized functionality aiming at supporting both Financial and
provides support of AMLF information
Operating Leasing – including a vertical Solution for long term auto
and procedures required during
rental and fleet management - either as a department of the Bank and / or
accounts’ origination, along with
as a satellite company of the Bank. Its modular capabilities offer
enforcement of the bank’s auditing
complete flexibility to manage consumer or trade finance while enabling
the organization to follow key policies in terms of workflow, promotion
and management, throughout the process.
FMS MiFID & AML Compliance
A vertical solution operating both seamlessly from inside any other FMS
Solution(s) and integrated with any third party system, covering
regulation requirements regarding the MiFID directive for Investments and
Anti-Money Laundering auditing and reporting for the Banking and
Investments domains. Major focus areas for the system, which can be
deployed in a modular fashion include Customer, Product and Service
Profiling, Service Appropriateness and Suitability, Best Execution auditing,
AML List Management and Transactional Behavior Reporting.
A complete solution to plan, track and FMS Private Wealth Management
monitor the collections procedures and The Solution provides the highest standards of Private Banking and
baskets with parametric allocation Wealth Management along with a powerful core-banking system. Fully
criteria and support for internal equipped with powerful Front, Middle and Back office functionality for
departments and external collection managing clients and portfolios along with flexible investment strategies
agents. Through a powerful rules engine for performance attribution, risk analysis, compliance and rebalancing to
and a client relations database, FMS create value for customers. Special Web components provide access to
Collections provides warnings and alerts the system over the internet for agents and customers with all necessary
for potential future collections issues. security mechanisms in place.
FMS Payment Systems
Fund Transfer support for large
and small, local or international
payment orders and remittances,
SWIFT platform and NOSTRO
functionality and capabilities
are provided via links with other
leading Payment System
It provides true STP functionality
and accommodates all treasury-
traded instruments, parametric
order authorization procedures
and workflows for trade
validation. The Solution
inherently supports a wide range
of risk metrics, such as limits
checking and VaR calculations, at
every process stage in real-time.
FMS Personal Banking and Retail FMS Collaterals and Margin Accounts Management
Investment A vertical solution for real time management of collateral portfolios along
Using the core system modules for Middle with exposure & loans baskets that these cover. It provides parametric
and Back Office and flexible thin clients margin algorithms, top-up and sell-out calculations with a wide range of
for the Front Office and the Web, it enables haircut, risk and valuation factors that can be set according to global / local
easy client profiling (as per MiFID regulations and business policy. The system keeps all margin call history
requirements) and investment management and provides flexible workflows for collateral substitution, increase /
services provision to the branch and agent decrease as well as multi-stepped liquidation processes where needed.
networks or any other channel. Complete
core-banking support and a wide range of FMS Delinquent accounts
instruments for affluent and retail Full support of delinquent accounts (past due obligation) with all business
investment is also provided. areas coverage including set up, unlimited number and stages,
communication and workflow environment up to the stage of completion
FMS Brokerage of legal settlement, seamlessly integrated with the Collections Solution.
The Solution provides a complete state-of-
the-art MiFID-ready platform with client- FMS Market Risk
centric philosophy, including all the tools A comprehensive and powerful tool to measure and control portfolio
for Straight-Through-Processing for the market risk using absolute and relative VaR supporting for parametric
brokerage workflow. It can connect to any calculation, historical and Monte-Carlo simulation methodologies while also
market, depository and custodian and providing stress-test and back-test functions. As is the case with all FMS
accommodates trades on all financial solutions, it can also be seamlessly integrated with any 3rd party portfolio
instruments at any currency. managing / monitoring system.
FMS Financial Planning FMS Asset Management
A complete Solution for data gathering, A powerful, MiFID-enabled environment, facilitating investment
financial target-setting and progress management, through the use of simple and complex instruments that are
monitoring, assets & liabilities recording, valuated and measured for risk in real-time. It supports automated
budget management for income and procedures for Front, Middle and Back-Office and STP with custodians.
expenses with powerful and parametric Special add-on components are provided to cover the needs of Asset
financial calculators providing alternatives Management in the Insurance domain as well as Solvency II needs.
for targets’ achievement. It also includes
portfolio modeling and proposition and can FMS Custody
provide real time rebalancing, standing
A comprehensive custody Solution that delivers real-time processing for
order management and on-demand
Depository, Global and Sub-Custodian management. The system maintains
adjustments to the selected A&L portfolios.
an updated status for all securities and supports deposits, withdrawals,
transfers and settlement services with central depositories, communication
FMS Registry for custodian services, corporate actions and SWIFT messaging.
It provides full coverage of shareholders
management information including number FMS Market Trader
of shares, dates, transactions, key investors
It offers a fast, powerful and user-friendly tool to receive price and news
who might influence the share price with
feeds from Stock Exchanges and global trading platforms and provides
full reporting including comparative charts
complete MiFID-enabled Trade Order Management functionality and
and graphs. It is a complete IR tool with
automation. It can operate both in stand-alone mode as well as an
marketing capabilities to further improve
integrated part of any third-party ecosystem.
FMS Mutual & Pension Funds FMS Reconciliation
It provides full funds and shareholders A complete Solution for managing the reconciliation process for balances,
management with ease, including all tools transactions and master data for securities, cash and a wide range of Banking
and procedures required for interacting and Investment Management entities. It can operate both in stand-alone
with and serving shareholders and mode as well as an integrated part of any third-party ecosystem. Being
pensioners, for performing NAV highly parametric and customizable, it features rules engines and workflow
calculation, unitization and management editor to automate the matching and exception management processes.
of fund fees and expenses and for
a complete fund accounting process. FMS Teller & Vault Management
It can track the full life cycle of
It monitors all types of instruments and coin stocks across all branches and
shareholders’ contribution and payments
vaults, while allowing definition of applicable policies with the building of
both for one’s exit and periodical
a hierarchical tree for the bank’s till management, including ATMs.
pension’s outflows. The automatic
It supports forecasting currency requirements at the lowest level and
process of unitization accommodates
suggests the replenishment schedule at all levels including the Central Vault.
in a fast and secure way all requests for
It also supports vault-in, vault–out, cross-teller transfers at branch level as
entry and exit from the fund while
well as transfer of funds from central vault to a branch and vice- versa.
generating all required reporting.
Special add-on modules provide full
management of Exchange Traded Funds
The technical architecture of the FMS
platform utilizes the latest industry-
standard methodologies, aiming at
securing high performance, high
scalability, total portability and
seamless connectivity. The technology
used allows practically unlimited
horizontal and vertical expandability,
as well as reusability of the platform’s
Modules and Components.
FMS is based on the Service Oriented
Architecture (SOA) model that also
respects the n-Tier concept for the
components and services it provides.
Deriving from its architecture, FMS:
• is Layered and Modular: It enables
the institution to start small and grow, or execute a gradual deployment for a staged substitution project;
• provides Multi-level modularity: It enables the institution to create tailor-made solutions from selected Modules and
Components that best fit its business practices. Accordingly, the institution will utilize mature and proven components to
cover evolving needs;
• fully supports Environmental Integration Capability: It seamlessly integrates and collaborates with any other present
system at the institution, while exchanging information in real-time, securely and efficiently.
Over the last two decades PROFILE
has been established as a world -
class provider of integrated software
solutions for the financial sector.
Based in Athens, Greece with offices
in Cyprus and Romania, PROFILE
continuously expands its customer
base and maintains a presence in
15 countries, across 3 continents.
Head Office: 199 Syngrou Avenue, 171 21 Athens, Tel.:+30 210 93 01 200, Fax: +30 210 93 01 222, e-mail: email@example.com
Subsidiary Office: Thessaloniki, 7 Karatasou, 546 25, Tel.: +30 2310 566 100, Fax: +30 2310 566 110, e-mail: firstname.lastname@example.org
International Offices: Cyprus, Nicosia, 2 Kritis, Office 401, 1060, Tel.: +357 2245 8040, Fax: +357 2245 8050, e-mail: email@example.com
Romania, Bucharest, 3rd Lucretiu Patrascanu Street, Cedru Bldg., GF, Office 8, 3rd District, 030502, Tel / Fax: +40 21 3400186