Profile Establishes “Profile Technologies SA” to Drive Investments in Innovation

Profile Establishes “Profile Technologies SA” to Drive Investments in Innovation
10.09.2020 03:08 pm

Profile Establishes “Profile Technologies SA” to Drive Investments in Innovation

Investment

Profile Software, an international financial solutions provider, announced today the establishment of “Profile Technologies SA”, a wholly-owned subsidiary that will become a development center in Thessaloniki, Greece with a committed investment plan in excess of €5 mn for the next 3 years. The company has formed a fully functional and optimistic business plan aiming at becoming a model technology firm delivering innovation in Greece.

Profile Technologies is planning to primarily develop new financial software functionalities by utilising modern technologies, deploying the latest trends in Artificial Intelligence (AI), Machine Learning (ML), Robotics Process Automation (RPA) and Blockchain, whilst it is planned to invest in forward-looking technologies such as Augmented Reality for Investment Management and Banking. In addition, the new company is going to undertake parts of the Group’s development functions currently based in Europe (Athens – Nicosia - Paris) and Asia (India) allowing the other departments to focus on specialisation and customer delivery.

Thessaloniki is developing into one of the Greek cities that foster startups and technology firms as an incubator for ambitious young developers and software engineers. Profile Technologies SA intends to hire skilled and experienced professionals from Northern Greece and its universities, further supporting employability in the wider community.

Being committed to developing pioneering and client-centric platforms for the financial services industry as well as the greater business and public sector, Profile is investing in its strategic expansion to meet the market’s evolving needs as well as specific industry requirements, delivering an unparalleled service experience.

Related News

Finance Durham Fund Invests £750,000 in Growth Capital Ventures

Finance Durham Fund, which was established by Durham County Council and overseen by Business Durham, has today announced the investment of £750,000 in Growth... Read more »

Allica Bank Launches £100M Fundraise

Business bank, Allica Bank, is launching a £100m funding round to help it meet the current high levels of demand for finance it is experiencing from British... Read more »

Latin America's Newest Unicorn dLocal Achieves $1.2B Valuation After Securing New $200M Investment

dLocal, a leading cross-border payment platform connecting global merchants to emerging markets, today announced up to $200 million in new investment, led by... Read more »

FinecoBank Expands UK Offering with Access to Capital Group Funds

FinecoBank today announces the expansion of its investment products with a suite of funds from Capital Group.

With the new funds from... Read more »

Conviction Completes Pre-Series A Funding Round for Konsentus

Conviction Investment Partners, today announced that it has managed and completed pre-series A financing for Konsentus, a provider of... Read more »

UK Financial Institutions Prioritising Investment in Optimising Customer Experience, According to New Tink Research

New data published today from open banking platform Tink reveals that UK financial institutions are continuing to recognise the competitive advantage of open... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel