Bank of Valletta p.l.c. (BOV), Malta's largest banking institution selects Axia Suite, the leading investment management platform of Profile Software, to enhance its portfolio management and investment services' operations

Athens, 12 November 2024: Profile, a leading financial solutions provider, has announced today that Bank of Valletta p.l.c., a financial services provider of systemic importance, with a legacy of 50 years and the largest market share in Malta, has selected the Axia Suite platform to enhance its portfolio management and investment services' operations. This strategic investment aims to enhance BOV's operational efficiency across multiple divisions, including Asset Management, Private Banking, and Prestige Client Networks.

Headquartered in Santa Venera, Bank of Valletta p.l.c. is Malta's oldest and largest banking institution, offering a wide range of financial and investment services. The deployment of Axia Suite will enable BOV to streamline its investment management processes, reinforcing the Bank's commitment to providing seamless, high-quality service to its clients.

Axia Suite is a robust and flexible solution that offers a range of functionalities to support the provision of BOV's investment services. The platform provides centralised portfolio management, administration and client profiling modules that enable BOV to better understand its clients' investment goals and preferences. It also provides tools for portfolio restrictions, modeling and rebalancing, performance calculations and portfolio level fees calculation, which enable BOV to optimise its investment portfolios and provide better investment outcomes for its clients.

The Axia Suite platform supports single and mass order initiation and bulking, enabling BOV to efficiently execute investment transactions on behalf of its clients. It also includes advanced risk management and analysis capabilities, which shall assist BOV to assess and manage investment risks effectively. Moreover, it provides a range of reporting functionalities, including batch and ad-hoc reporting, which will allow BOV to offer to its clients up-to-date information on their investments. Furthermore, the platform supports Straight-Through-Processing (STP) workflows that help to minimise operational risks.

Axia Suite shall enable Bank of Valletta p.l.c. to reap the benefits of automated integration, unique flexibility, greater productivity, and unparalleled client service experience on a single, fully integrated platform. The platform's continuous evolution ensures that BOV remains at the forefront of industry trends, supporting the Bank's long-term growth strategy.

Mr. Simon Azzopardi, Chief Personal & Wealth Officer, at Bank of Valletta p.l.c. commented: “We are excited to partner with Profile, a company committed to addressing the evolving needs of financial institutions. Axia Suite will allow BOV to deepen our understanding of clients' investment needs and deliver tailored solutions that exceed expectations. This platform marks a significant advancement in our Investment Services and will provide our clients with a unique and enhanced experience.”

Mr. Aris Iliopoulos, Group Solutions Director at Profile said that “We are honoured that Bank of Valletta p.l.c. has selected our internationally awarded investment management platform in the effort to achieve its goals. We are confident that Axia Suite, characterised by its powerful functionality and flexibility, coupled with the fact that it is based on international standards of quality and excellence, will make a significant contribution to BOV's future success.”

Axia Suite investment management platform is becoming the preferred choice for financial institutions across the globe. Its continuous evolution and rich functionality offer a unique experience, creating unrivalled client value